Property profile

947 Hwy 51st S Covington, TN 38019

OFF-MARKET
Retail space
Property ID
US80-1361910
6,889 SF 0.69 ac lot Built 2007
Entity Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Construction FRAME
Total area 6,889 SF
Lot 0.69 ac (30,000 SF)
APN 084041J A 00100
UPID US80-1361910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

947 Hwy 51st S Covington, TN 38019-3205
Covington metro Census 40601 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.24M
Comparable Approach Comparable
$645k
Blend (final) Blend
$230k

Owner & transaction history

since 2017
6 recorded transactions
2017
$990,000
2015
$700,000
2015
Price N/A
2007
$230,000
1995
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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