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Property profile & analytics
OFF-MARKET
Commercial land
Hwy 51st S Covington, TN 38019
Entity Owned
Free & Clear
Property ID
US80-0465737
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1948
Total area
752 SF
Lot
0.08 ac (3,550 SF)
APN
084041G D 03700
UPID
US80-0465737
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jrn INC
Jrn INC
since 2025
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$151
Tax year 2022
Assessed value
$4,600
Assessed 2023
Previous assessed
$4,600
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$4,600
Land market value
$11,500
Total market value
$11,500
Applied tax rate
84.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1948
Heating
YES
Cooling
YES
Stories
1
Bathrooms
0
Total area
752 SF
Lot
0.08 ac (3,550 SF)
APN
084041G D 03700
UPID
US80-0465737
Jurisdiction
TIPTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1948
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
0
Lot
0.08 ac
Current owner
From public records · entity-resolved
Jrn INC
Entity
Free & Clear · 0 yrs held
Mailing address
219 W SHERROD AVE, COVINGTON, TN 38019-2839
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
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Jrn INC
Tyrone K Neal
Quitclaim Deed
related
—
Feb 14, 2025
$75,000
Johnny Berryman
Joey Goforth
Warranty Deed
—
Mar 28, 2024
$285,000
Amy V Truong
Suttiwara Viprakasit
Warranty Deed
—
Mar 6, 2024
—
Joey Goforth
—
Deed
related
$68,298 · Banktennessee
Apr 11, 2023
$50,000
Joey Goforth
Cyndi Timbs
Warranty Deed
$71,821 · Banktennessee
Mar 15, 2023
$15,000
Cyndi Timbs
Freed Hardeman University INC
Warranty Deed
—
Mar 10, 2022
—
Freed Hardeman University INC
Laura E
Quitclaim Deed
related
—
Apr 23, 2021
—
Milton Southall
Charles Milton Southall
Deed
related
—
Oct 3, 2019
—
Charles R Ervin
Betty E Fleming
Quitclaim Deed
related
—
Aug 1, 2019
$7,634,800
Greenpoint Ag LLC
Tipton Farmers Cooperative
Grant Deed
—
Dec 14, 2018
—
Baskin,peggy A Living Trust
Baskin,peggy A
Quitclaim Deed
related
—
Oct 15, 2018
—
Clint Damron
Damron,joe C & Diane
Quitclaim Deed
related
—
Aug 6, 2018
—
Jonathan Ervin
Ervin,deborah
Quitclaim Deed
related
—
Apr 17, 2018
—
Apc Rentals
—
Deed
related
$1,375,000 · First Citizens Nat'l Bk/oaklan
Apr 17, 2017
—
Apc Rentals
—
Trust Deed
related
$235,262 · First Citizens Nat'l Bk
Mar 24, 2017
—
Mcdivitt Motors LLC
—
Trust Deed
related
$570,000 · Bank Of Ripley
Dec 21, 2016
—
Donald M Baskin JR
Smith,glover P
Grant Deed
related
—
Dec 5, 2016
$206,000
Donald M Baskin JR
Smith,glover P
Warranty Deed
—
Mar 29, 2010
$50,000
Tim Pilkington
Patriot Bk
Warranty Deed
—
Nov 20, 2009
$36,196
Patriot Bk
Brasfield Duke H
Trustees Deed
related
—
Mar 29, 2006
$15,000
Samuel O Hayes
Fryer,harold JR & Sharon
Warranty Deed
$15,000 · Patriot Bank NA
Aug 23, 1991
$20,000
Harold Fryer JR
Unknown
Grant Deed
—
May 2, 1989
$21,500
Patsy O Ray
Unknown,
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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