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Property profile & analytics
OFF-MARKET
Estimated value
$3,620,000
Warehouses
9120 Wheat NE St Covington, GA 30014-1545
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-0957822
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
40,000 SF
Lot
1.89 ac (82,328 SF)
Zoning code
I1
APN
C0810-00000-096-B00
UPID
US22-0957822
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
$3.92M
CAP Approach
CAP
$4.52M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$3.62M
Owner & transaction history
Gki Infill Atlanta LLC · 1 yrs held
Gki Infill Atlanta LLC
since 2025
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
I1 · Covington, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+34.2%
Retail stores
$4.4M
+19.2%
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
$3,850,000
ML approach
$3,920,000
CAP Approach
CAP Return
Estimation
6%
$4,895,000
6.5%
$4,515,000
7%
$4,195,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,725,000
Current use
AUTO REPAIR, GARAGE
$4,995,000
Change: +34% · Conversion: Easy
RETAIL STORES
$4,440,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$3.62M
Range $3.26M – $3.98M · ±10% · vs last sale $3.30M (Jun 22 2022)
Last sale anchor
$3.30M
Jun 22 2022
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
$91 / 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
$42,544
Tax year 2023
Assessed value
$1,309,120
Assessed 2023
Previous assessed
$1,309,120
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$36,000
Assessed improvement
$1,273,120
Land market value
$90,000
Improvement market value
$3,182,800
Total market value
$3,272,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
40,000 SF
Lot
1.89 ac (82,328 SF)
Zoning code
I1
APN
C0810-00000-096-B00
UPID
US22-0957822
Jurisdiction
NEWTON
Zoning & alternative use
I1 · Covington, GA
Zoning I1 · permitted uses
I1 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RETAIL STORES
Est. value
$4.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.89 ac
Current owner
From public records · entity-resolved
Gki Infill Atlanta LLC
Entity
Mailing address
280 PARK AVE, NEW YORK, NY 10017-1274
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2025
—
Gki Infill Atlanta LLC
Oversea Chinese Banking Corp Ltd Ne
Quitclaim Deed
related
—
Jun 22, 2022
$3,300,000
Gki Infill Atlanta LLC
Fp Gimel Ga LP
Warranty Deed
—
Apr 5, 2021
—
Fp Gimel Ga LP
—
Deed
related
$185,000,000 · Key Bank
Mar 2, 2021
$2,050,000
Fp Gimel Ga LP
Wheat 9120 LLC
Warranty Deed
—
Jan 11, 2021
—
Wheat 9120 LLC
—
Deed
related
$1,075,000 · Ameris Bank
Apr 23, 2019
$1,000,000
Wheat 9120 LLC
9120 Wheat St Jlt LLC
Warranty Deed
$500,000 · Synovus Bank
Feb 11, 2013
$610,400
9120 Wheat Street Jlt LLC
Capes,jerry O & Barbara O
Grant Deed
$610,338 · Capes Warehouses INC
Jan 18, 2013
$610,338
9130 Wheat Street Jlt LLC
Capes,jerry O
Grant Deed
—
Feb 7, 2012
$512,800
Jerry O Capes
Capes Wheat Street LLC
Grant Deed
related
—
Feb 2, 2007
—
Gi Wheat 9120 LLC
Capes Wheat St LLC
Warranty Deed
related
—
Jan 8, 2007
$1,027,500
Gi Wheat 9120 LLC
Capes Wheat St LLC
Warranty Deed
$126,597 · Grey Industrl LLC
Dec 31, 2006
$623,306
Gi Wheat 9130 LLC
Capes,jerry O
Grant Deed
—
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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