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    56 Starbrush Cir Covington, LA 70433

    For Sale
    $2,100,000

    High-yield medical office with land.

    Property size:
    4,864 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This Covington, LA commercial property offers a lucrative investment opportunity. The main asset is a 4,064 square foot medical office building currently leased under a triple-net (NNN) lease, generating a stable monthly income of $9,526. This translates to a 7% capitalization rate based on the asking price of $2,100,000. Adding significant value to this offering are two adjacent vacant lots, identified as 50 Starbrush Circle (Lot 123) and 60 Starbrush Circle (Lot 121). These lots provide a combined 57,730 square feet of buildable land, presenting considerable potential for future development or expansion. The total square footage of the building and land is 4,864 square feet. The property's location in Covington, LA offers excellent access to a growing market and strong demographics. This package presents a rare opportunity to acquire a cash-flowing medical office building with substantial land for future development, all priced for a quick sale. The address is 56 Starbrush Circle, Covington, LA. Serious inquiries only.

    Property Features for 56 Starbrush Cir

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,864 SF

    Building Details

    Year Built
    2010
    Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Janine S. ... Internist Spencer W Pinion Family Practice Physician Devan Guidry Szczepanski Emergency Care Physician Catherine Bordelon Fussell Family Practice Physician Tchefuncte Health and Wellness Family Practice Physician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    St Tammany
    State
    Louisiana
    Longitude
    -90.12054
    Latitude
    30.46453

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield medical office with land.
    Where is this commercial real estate located?
    The property is located at 56 Starbrush Cir Covington, LA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    (504) 566-1777
    Request Owner's contact information
    56 Starbrush Cir Covington, LA 70433
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    Covington, LA 70433
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    Realmo Value Estimation

    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.

    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.

    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
    56 Starbrush Cir Covington, LA 70433
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