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    200 Caroline Ct Covington, LA 70433

    Sponsored
    For Lease
    $18 SF/Yr ($12,433 /Mo)

    Office Building - Covington, LA

    Property size:
    8,289 SF
    Lot size:
    0.69 Acres
    Days on Market:
    226
    Last Refresh:
    Jan 19 at 1:06 pm

    Property Features for 200 Caroline Ct

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Interior features
    Elevator
    Accessibility
    Accessible Elevator Installed
    Size
    8,289 SF
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Expense value
    12000
    Expense
    Security Deposit
    Expense freq.
    Once

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Alice McNeely
    Alice McNeely

    Rêve | Realtors (504) 300-0700 [email protected]

    Listing agent Alice McNeely (504) 300-0700

    Listing date Jun 8, 2025

    MLS# 2503928 Listing URL

    Copyright © 2026 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Upscale Office Building in Covington

    This upscale Class A professional office building is available for sale or lease. Designed by Andy McDonald, the all-brick building is situated in a prime location, three blocks from Highway 190 and 0.75 miles from I-12, in a high-traffic area adjacent to PetSmart and Home Depot. The property features a reception area, over 16 private offices, 6 clerical cubicles, conference rooms, and a large kitchen/break room. The executive office wing includes an adjacent kitchenette, an administrative office, and a private brick-walled courtyard with a fountain. Additional features include high-volume file storage, an elevator, two stairways, and 10-foot ceilings on the lower level, complemented by high-end finishes. A large upstairs area, currently used for file storage, could be reconfigured into numerous additional offices or cubicles or leased out separately with a separate entrance. The property includes a private parking lot with space for 28 vehicles and is located on a corner lot. Zoned HC3, Highway Commercial, the property is suitable for various business uses. The lot size is 0.69 acres. The property offers 8289 square feet of space. The lease is NNN, with a base rate of $14.50 plus $3.50 NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Krewe Energy LLC Oil & Natural Gas Company Delsa Ben Attorney

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.109639
    Latitude
    30.4613

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    FAQs

    What type of property is this?
    Office building - Class A office building for lease or sale in Covington.
    Where is this office building located?
    The property is located at 200 Caroline Ct Covington, LA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime location: Just 3 blocks off Hwy 190 and .75 mile to I-12 in a high traffic area.; - **Upscale Class A professional office building with high-end finishes.**; - Flexible space: Huge upstairs area can be configured for additional offices/cubicles or leased separately with a separate entrance.
    (504) 812-2236
    Request Owner's contact information
    200 Caroline Ct Covington, LA 70433
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    Covington, LA 70433
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Caroline Ct Covington, LA 70433
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    We can help!
    Listing Contact
    Alice McNeely
    Alice McNeely
    Real Estate License ID: 995696135
    (504) 812-2236
    Learn more
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