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Property profile & analytics
OFF-MARKET
Retail space
7204 Washington SW St Covington, GA 30014-3401
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US22-1114174
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
STEEL FRAME
Total area
2,000 SF
Lot
0.49 ac (21,344 SF)
Zoning code
C1
APN
C0630-00000-023-000
UPID
US22-1114174
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brian Southard · 4 yrs held
Brian Southard
since 2022
Last sale
$125,000
5 recorded transactions
Zoning & alternative use
C1 · Covington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,602
Tax year 2023
Assessed value
$49,280
Assessed 2023
Previous assessed
$49,280
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$12,480
Assessed improvement
$36,800
Land market value
$31,200
Improvement market value
$92,000
Total market value
$123,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Total area
2,000 SF
Lot
0.49 ac (21,344 SF)
Zoning code
C1
APN
C0630-00000-023-000
UPID
US22-1114174
Jurisdiction
NEWTON
Zoning & alternative use
C1 · Covington, GA
Zoning C1 · permitted uses
C1 · Covington, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Covington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Bathrooms
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Brian Southard
Individual
Mailing address
7204 WASHINGTON ST SW, COVINGTON, GA 30014-3401
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$125,000
Brian Southard
Washington Street Venture LLC
Warranty Deed
$93,750 · Persons Banking
Oct 20, 2020
—
Washington Street Venture LLC
Elise B Moritz
Warranty Deed
related
—
Jun 11, 2020
—
Erik Mortz
Erik Moritz
Quit Claim Deed
related
—
Jun 10, 2020
—
Erik Moritz
Edith Moritz
Quit Claim Deed
related
—
Sep 13, 2017
—
Edith Moritz
Moritz Malcolm C
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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