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    Property profile & analytics

    765 Bert Johnston Ave Covington, TN 38019-2414

    • Assisted living facilities
    • 32,531 SF
    • 4.44 lot acres
    OFF-MARKET
    Value Estimation
    $3,080,000
    Last Sale
    Jan 22, 2025
    $3,105,000
    Location Intelligence
    Property ID
    US80-2097528
    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

    • Covington Care Center: Duncan Tracey L / Physical Therapist
    • Liza M. Goossens, PTA / Physical Therapist
    • AHC Covington Care / Nursing Home
    • Amy Carlisle / Physical Therapist
    • Alyssa Davis / Occupational Therapist

    Property Details for 765 Bert Johnston Ave

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.44 lot acres
    Property size
    32,531 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    084041 03804
    APU
    8404103804

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,100,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,165,000
      6.5%
      $3,215,000
      7%
      $2,850,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,995,000
      Geo Method
      $3,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,755,000
      Retail
      $2,755,000
      Mixed-Use
      $3,455,000
      Hospitality
      $2,660,000
      Educational
      $3,315,000
      Residential Income
      $3,180,000
      Energy
      $3,000,000
      Income-Based Land
      $2,640,000
      Food Service
      $3,435,000

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Tipton
    State
    Tennessee
    Longitude
    -89.6622
    Latitude
    35.5558
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR 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
    2022
    $34,068
    $38,200
    $1,071,520
    $1,109,720
    -
    $95,500
    $2,678,800
    $2,774,300

    Comparable in this City

    • Value Estimation
      $1,970,000
      50,476 SF

      1992 Hwy 51st S

      HOMES (RETIRED, NURSING) • 50,476 SF
      1992 Hwy 51st S, Covington, TN 38019-3623
      View Details
    • Value Estimation
      $545,000
      10,756 SF

      805 Bert Johnston Ave

      HOMES (RETIRED, NURSING) • 10,756 SF
      805 Bert Johnston Ave, Covington, TN 38019-2444
      View Details
    • Value Estimation
      $610,000
      12,944 SF

      1995 Hwy 51st S

      MEDICAL BUILDING • 12,944 SF
      1995 Hwy 51st S, Covington, TN 38019-3635
      View Details
    • Value Estimation
      $155,000
      1,890 SF

      720 Sherrod Ave

      MEDICAL BUILDING • 1,890 SF
      720 Sherrod Ave, Covington, TN 38019-3024
      View Details
    • Value Estimation by Request
      2,781 SF

      209 Pleasant Ave

      MEDICAL BUILDING • 2,781 SF
      209 Pleasant Ave, Covington, TN 38019-2537
      View Details
    • Value Estimation
      $540,000
      10,413 SF

      1995 Hwy 51st S

      MEDICAL BUILDING • 10,413 SF
      1995 Hwy 51st S, Covington, TN 38019-3635
      View Details

    Similar Nearby for Sale

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      Agricultural Land in Covington, TN

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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

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      View Details
    • Contact for pricing
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      Prime Hwy 51 Retail, Drive-Thru Available
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      Retail spaces and drive-thru opportunity near Ford BlueOval City.
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      View Details
    • $14 SF/Yr
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      Covington Restaurant - Hwy 51 N

      Prime Covington Restaurant Space. High-traffic location.
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      View Details
    • Contact for pricing
      34,380 SF

      Renovated Retail Space Available

      Renovated retail space with strong co-tenancy and high visibility.
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      View Details
    • Contact for pricing
      186,240 SF

      Newly Rebuilt Industrial Property

      Recently rebuilt industrial property with new office space for lease.
      1 Delfield Dr, Covington, TN 38019
      View Details
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    Covington, TN 38019-2414
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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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