Realmo Analytics

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Financial
Distress signals
Property profile

8225 Highway 278 NE Covington, GA 30014

FOR SALE
Turn key restaurants
Property ID
US22-4232029
1,775 SF 1.09 ac lot Built 2003
Last sale Mar 2008 · $860,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$331k
Assessed land$190k
Assessed improvement$141k
Effective rate3.75%

Value estimate

· Oct 2026
$280k
$252k – $308k
AI approach$280k
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$3k
Operating expenses−$11k
NOI · 1.85% cap applied$25k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1.85%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C1
JurisdictionNEWTON

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility10.2
Garden Center8.9
Locksmith8.9

Location

8225 Highway 278 NE Covington, GA 30014
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2158 Elm NE, Covington, GA 30014-2429 $365,000 Jun 2025 1,969 SF
2161 Emory NW, Covington, GA 30014-2211 $840,000 Aug 2024 2,996 SF
11188 Hwy 36, Covington, GA 30014-4044 $188,000 Jun 2024 2,232 SF
6103 Hwy 278th NE, Covington, GA 30014-2663 $1,947,400 Nov 2023 2,493 SF
11120 Hwy 142nd N, Covington, GA 30014-2547 $940,000 Aug 2023 3,144 SF
1150 Church SE, Covington, GA 30014-2305 $385,000 Jun 2023 2,112 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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