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Financial
Distress signals
Property profile

8306 Hazelbrand Rd A Covington, GA 30014

FOR LEASE
Warehouses
Property ID
US22-1692230
74,080 SF 3.1 ac lot Built 1978
Last sale Jun 2022 · $3,778,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional multi-tenant industrial warehouse, located at 8306 Hazelbrand Rd NE in Covington, Georgia, offers a significant opportunity for businesses seeking ample space. The property boasts a total of 73,500 square feet, with 58,500 square feet currently available for lease. Built in 1978, this well-maintained building features a desirable 22-foot ceiling height, providing excellent vertical storage capacity. Five dock-high doors ensure efficient loading and unloading operations. The…

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?
$48k
Tax billed · 2023
Assessed value$1.47M
Assessed land$108k
Assessed improvement$1.37M
Effective rate3.25%

Value estimate

· Oct 2026
$4.41M
$3.96M – $4.85M
AI approach$4.12M
Submarket $/SF estimate$4.02M
NOI build-up
Gross scheduled income$697k
Vacancy & credit loss−$62k
Operating expenses−$95k
NOI · 9,810,036.36% cap applied$540k

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

Recently sold

What actually traded nearby?
$93/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$52 – $180
Qualifying comparables3

Cap rate analysis

How does the asset earn?
9,810,036.36%
$540k 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?
I1
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 Facility9.7
Locksmith8.8
Laundry Service8.6

Location

8306 Hazelbrand Rd, Unit A Covington, GA 30014
County assessor Recorded deeds · 12 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9126 Industrial NE, Covington, GA 30014-1434 $5,250,000 Sep 2024 88,080 SF
11228 Harland NE, Covington, GA 30014 $14,000,000 May 2024 79,636 SF
11230 Harland NE, Covington, GA 30014-6411 $14,000,000 May 2024 66,240 SF
9211 Hazelbrand NE, Covington, GA 30014-1515 $627,100 Nov 2023 35,542 SF
10157 Industrial NE, Covington, GA 30014-1494 $1,765,000 Aug 2022 36,072 SF
9120 Wheat NE, Covington, GA 30014-1545 $3,300,000 Jun 2022 40,000 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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