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    Property profile & analytics

    7121 Turner Lk NW Rd Covington, GA 30014-2066

    • Strip malls
    • 73,624 SF
    • 15.25 lot acres
    OFF-MARKET
    Value Estimation
    $9,300,000
    Last Sale
    Mar 31, 2023
    $9,500,000
    Location Intelligence
    Property ID
    US22-2760601
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 7121 Turner Lk NW Rd

    Year built
    1991
    Construction
    LIGHT FRAME
    Lot size
    15.25 lot acres
    Property size
    73,624 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    C0620-00000-046-000
    APU
    C062000000046000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,410,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,190,000
      6.5%
      $9,395,000
      7%
      $9,645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $8,485,000
      Geo Method
      $8,445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,020,000
      Retail
      $9,370,000
      Mixed-Use
      $8,415,000
      Hospitality
      $9,110,000
      Educational
      $9,145,000
      Residential Income
      $8,605,000
      Energy
      $8,610,000
      Income-Based Land
      $10,520,000
      Food Service
      $8,425,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.8786
    Latitude
    33.6038
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,748
    $741,956
    $358,044
    $1,100,000
    -
    $1,854,889
    $895,111
    $2,750,000

    Comparable in this City

    • Value Estimation
      $425,000
      11,805 SF

      10255 Industrial NE Blvd

      SHOPPING CENTER, STRIP CENTER • 11,805 SF
      10255 Industrial NE Blvd, Covington, GA 30014-6323
      View Details
    • Value Estimation by Request
      262,792 SF

      3139 Hwy 278th NE

      SHOPPING CENTER, STRIP CENTER • 262,792 SF
      3139 Hwy 278th NE, Covington, GA 30014-2301
      View Details
    • Value Estimation
      $2,635,000
      54,759 SF

      2125 Pace St

      SHOPPING CENTER, STRIP CENTER • 54,759 SF
      2125 Pace St, Covington, GA 30014-6659
      View Details
    • Value Estimation
      $1,035,000
      61,804 SF

      3157 Elm NE St

      SHOPPING CENTER, STRIP CENTER • 61,804 SF
      3157 Elm NE St, Covington, GA 30014-2466
      View Details
    • Value Estimation by Request
      68,360 SF

      9176 Hwy 278th NE

      SHOPPING CENTER, STRIP CENTER • 68,360 SF
      9176 Hwy 278th NE, Covington, GA 30014-7023
      View Details
    • Value Estimation by Request
      99,686 SF

      6123 Hwy 278th NE

      SHOPPING CENTER, STRIP CENTER • 99,686 SF
      6123 Hwy 278th NE, Covington, GA 30014-2663
      View Details

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      Industrial outdoor storage with secured, lit, and fenced space.
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    • $40 SF/Yr
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      View Details
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    Covington, GA 30014-2066
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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