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Property profile & analytics
OFF-MARKET
Commercial land
Turner Lk Rd Covington, GA 30014
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US22-2628771
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.37 ac (103,237 SF)
Zoning code
C3
APN
C0400-00020-007-C00
UPID
US22-2628771
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
Fowler Newton Properties LLC · 3 yrs held
Fowler Newton Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
C3 · Covington, GA
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,694
Tax year 2023
Assessed value
$52,120
Assessed 2023
Previous assessed
$52,120
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$52,120
Land market value
$130,300
Total market value
$130,300
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
2.37 ac (103,237 SF)
Zoning code
C3
APN
C0400-00020-007-C00
UPID
US22-2628771
Jurisdiction
NEWTON
Zoning & alternative use
C3 · Covington, GA
Zoning C3 · permitted uses
C3 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
2.37 ac
Current owner
From public records · entity-resolved
Fowler Newton Properties LLC
Entity
Mailing address
2141 EMORY ST NW, COVINGTON, GA 30014-2210
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
—
Fowler Newton Properties LLC
Robert R Fowler
Warranty Deed
$239,930 · United Bank
Feb 25, 2021
—
Robert R Fowler
Robin H Fowler
Warranty Deed
related
—
Sep 17, 2020
—
Robin H Fowler
Mary H Fowler
Quit Claim Deed
related
—
Feb 8, 2019
—
Robert R Fowler III
—
Deed
related
$35,198 · Centerstate Bk NA
Jan 14, 2008
$55,000
Robert R Fowler III
Essie W Greer
Deed
$100,000 · Mcintosh Com'l Bk
Jan 10, 2008
$55,000
Robert R Fowler III
Greer,essie W
Grant Deed
—
Dec 31, 2007
$45,000
Robert R Fowler III
Avery,terry H
Grant Deed
—
Dec 18, 2007
$45,000
Robert R Fowler III
Avery,r Brian
Grant Deed
—
—
—
Robert R Fowler III
—
Loan Modification
related
$35,198 · Centerstate Bk NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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