205 HOLIDAY Boulevard, Covington, LA 70433
Class B office building with recent remodel and ample parking.
- Added:
- Jan 5, 2025
- Days on Market:
- 523
- Last Refresh:
- May 13 at 8:02 pm
Property Features for 205 HOLIDAY Boulevard
General Information
- Standard status
- Active
- Size
- 28,880 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2005
Listing agent Steve Miller
Listing office Compass Covington (COMP27) (985) 626-8589
Listing date Jan 5, 2025
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Compass Covington (COMP27)
HighLights
- Recent remodel of office, chiller, and electrical systems.
- 96 parking spaces, including 4 handicap spaces.
- Roof coated in the last year.
- 3 Guest Facilities
- Built in 2005
- Commercial Zoning
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $564.9k | $19.56 |
| − Vacancy | −$127.9k | −$4.43 |
| EGI | $436.9k | $15.13 |
| − OpEx | −$109.2k | −$3.78 |
| NOI | $327.7k | $11.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- St. Tammany
- State
- Louisiana
- Longitude
- -90.086669
- Latitude
- 30.437467
