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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Medical Office Space
6238 Turner Lk SW Rd Covington, GA 30014-3057
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-2007169
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
CONCRETE
Total area
5,653 SF
Lot
0.62 ac (27,007 SF)
Zoning code
C1
APN
C0620-00000-041-000
UPID
US22-2007169
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$830k
Owner & transaction history
Turner Lake Partners LLC · 2 yrs held
Turner Lake Partners LLC
since 2023
6 recorded transactions
Zoning & alternative use
C1 · Covington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$765,000
+24.0%
Restaurant
$745,000
+21.1%
Auto repair, garage
$655,000
+6.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Covington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Covington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$615,000
Current use
COMMERCIAL (GENERAL)
$765,000
Change: +24% · Conversion: Easy
RESTAURANT
$745,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$147 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,219
Tax year 2023
Assessed value
$499,080
Assessed 2023
Previous assessed
$499,080
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$121,760
Assessed improvement
$377,320
Land market value
$304,400
Improvement market value
$943,300
Total market value
$1,247,700
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2022
Construction
CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
5,653 SF
Lot
0.62 ac (27,007 SF)
Zoning code
C1
APN
C0620-00000-041-000
UPID
US22-2007169
Jurisdiction
NEWTON
Zoning & alternative use
C1 · Covington, GAZoning C1 · permitted uses
C1 · Covington, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$765,000
RESTAURANT
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$655,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2022
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.62 ac
Current owner
From public records · entity-resolved
Turner Lake Partners LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6238 TURNER LK RD SW, COVINGTON, GA 30014-3057
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
—
Turner Lake Partners LLC
Covington Medical Partners LLC
Warranty Deed
—
Nov 30, 2022
—
Covington Medical Partners LLC
—
Deed
related
$830,000 · Heritage Southeast Bank
Oct 1, 2020
$700,000
Covington Medical Partners LLC
Covington Medical Group LLC
Grant Deed
related
$845,700 · Heritage Se Bk
Jul 21, 2020
—
Covington Medical Group LLC
Komisarow Ents LP
Quit Claim Deed
related
—
Jul 21, 2020
$700,000
Covington Medical Group LLC
Komisarow Ents LP
Grant Deed
—
Jun 4, 2007
—
Komisarow,enterprises LP
Komisarow,marvin L
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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