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Property profile & analytics
FOR SALE
Bars & Pubs
8185 Old City Pond Rd Covington, GA 30014
Entity Owned
2-yr Hold
Free & Clear
Property ID
US22-0076239
For Sale
1 / 3
$2,250,000
8185 Old City Pond Rd, Covington, GA 30014
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1988
Construction
STEEL FRAME
Total area
16,200 SF
Lot
1.41 ac (61,420 SF)
Zoning code
C1
APN
C0610-00000-029-A00
UPID
US22-0076239
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
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.00M
Owner & transaction history
Yancey Bros Co · 2 yrs held
Yancey Bros Co
since 2023
Last sale
$2.0M
7 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
Method
Estimation
Statistic approach
$2,000,000
ML approach
$1,870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,190,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,135,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,875,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,765,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Nov 10 2023)
Last sale anchor
$2.00M
Nov 10 2023
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
$123 / 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
$5,192
Tax year 2023
Assessed value
$159,760
Assessed 2023
Previous assessed
$159,760
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$20,000
Assessed improvement
$139,760
Land market value
$50,000
Improvement market value
$349,400
Total market value
$399,400
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
For Sale
Year built
1988
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
16,200 SF
Lot
1.41 ac (61,420 SF)
Zoning code
C1
APN
C0610-00000-029-A00
UPID
US22-0076239
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1988
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.41 ac
Current owner
From public records · entity-resolved
Yancey Bros Co
Entity
Free & Clear · 2 yrs held
Mailing address
8185 OLD CITY POND RD, COVINGTON, GA 30014-0964
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2023
$2,000,000
Yancey Bros Co
Mock Properties I Lllp
Warranty Deed
—
Nov 10, 2023
—
Yancey Bros Co
Mock Properties I Lllp
Quit Claim Deed
related
—
Dec 29, 2015
—
Mock Properties-i Lllp
Mock,nancy
Quit Claim Deed
related
—
Nov 21, 2014
$430,000
Nancy Mock
Bandit Holdings LLC
Warranty Deed
—
Jun 20, 2014
$355,000
Bandit Holdings LLC
Hamilton St Bk
Grant Deed
related
$300,000 · Wendell Crowe
May 13, 2014
$335,000
Hamilton St Bk
Mcclure Properties Group LLC
Trustees Deed
related
—
Aug 24, 2007
$740,000
Mclure Props Grp LLC
Hipps,michael W
Warranty Deed
$724,267 · Mcintosh State Bank
Aug 21, 2007
$740,000
Mcclure Properties Grp LLC
Hipps,michael W
Grant Deed
$724,267 · Mcintosh State Bank
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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