Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    69276-69294 Ln 21 Covington, LA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a large shopping destination.

    Property size:
    1,750 SF
    Lot size:
    26.09 Acres

    Property Features for 69276-69294 Ln 21

    General Information

    Size
    1,750 SF
    Lot size
    26.09 Acres

    We can help!

    Listing Contact
    Rhonda Sharkawy
    Rhonda Sharkawy
    Source: Moodyscre

    Listing Agency: Stirling | New Orleans Listing Agent: Rhonda Sharkawy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in River Chase

    Located at the intersection of Interstate 12 and Louisiana Highway 21, this in-line retail space was previously occupied by The Children's Place. The property measures 30 feet by 116.6 feet, totaling 3,500 square feet. River Chase is the largest shopping destination in St. Tammany Parish and one of the largest open-air shopping centers in the State of Louisiana. Anchored by Sam's Club, Target, Belk, and JCPenney, River Chase is positioned to provide excellent access and convenience. Interstate 12 is one of the nation’s fastest-growing corridors. River Chase is a Louisiana Economic Development (LED) Certified site, offering access and visibility via two interchanges: Interstate 12 and Louisiana Highway 21. Retailers seeking to capitalize on the strong demographics of the Northshore area may find this location advantageous.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    Florist Of Covington, Burns Shopping Center, Covington Center, Coinstar Kiosk | Bitcoin ATM

    Map

    City
    Covington
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.1009108
    Latitude
    30.4754702

    Nearby Similar for Lease

    • New
      $18 SF/Yr
      8,289 SF

      Upscale Office Building in Covington

      Class A office building for sale or lease in Covington.
      200 Caroline Ct, Covington, LA 70433
      View Details
    • $2,400 /Mo
      2,400 SF

      Covington Office Building For Rent

      Office building with separate entrances and ample parking.
      19341 N 10Th St, Covington, LA 70433
      View Details
    • Sponsored
      Contact for pricing

      LA, Covington- Holiday Blvd

      Discover many ways to work your way in LA, Covington- Holiday Blvd
      205 Holiday Blvd, Covington, LA 70433
      View Details
    • $1,700 /Mo
      856 SF

      Furnished Office Space in Covington

      Turnkey, modern office space in downtown Covington, move-in ready.
      820 E Boston St, Covington, LA 70433
      View Details
    • $900 /Mo
      881 SF

      Move-in Ready Office Suite

      Second-floor office suite available for lease in Covington, LA.
      19405 Helenbirg Rd, Covington, LA 70433
      View Details
    • Contact for pricing
      3,570 SF

      New Shopping Center For Lease

      New shopping center in Covington, delivery expected late 2026.
      826 N Collins Blvd, Covington, LA 70433
      View Details
    • $24 SF/Yr

      Covington Office Building For Rent

      Modern office space with flexible floor plans in Covington, Louisiana.
      Tbd Park Pl, Covington, LA 70433
      View Details
    • Contact for pricing
      36,526 SF

      Retail Space in Covington Center

      Retail space available in established Covington shopping center.
      2100 N Collins Blvd, Covington, LA 70433
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Covington, LA

      Retail space available for lease in Covington, Louisiana.
      19352 N 2Nd St, Covington, LA 70433
      View Details
    • $18 SF/Yr
      10,348 SF

      Highway 190 Medical Office Space

      Covington medical office suite; high visibility.
      1170 Highway 190, Covington, LA 70433
      View Details
    • $11 SF/Yr
      3,600 SF

      Covington Warehouse Office Space

      Two Suites Available, Hwy 190 Access
      2003 Ronald Reagan Hwy, Covington, LA 70433
      View Details
    • Contact for pricing
      1,776 SF

      Medical Office Space Available

      Medical office building with exam rooms and lab space for rent.
      619 W 19Th Ave, Covington, LA 70433
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a large shopping destination.
    Where is this shopping center located?
    The property is located at 69276-69294 Ln 21 Covington, LA.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: - Located in River Chase, the largest shopping destination in St. Tammany Parish and one of the largest open-air shopping centers in Louisiana.; - Anchored by major retailers: Sam's Club, Target, Belk, and JCPenney.; - Excellent access and visibility from Interstate 12 and Louisiana Highway 21.
    (504) 620-8145 Call to check price and availability
    Request Owner's contact information
    69276-69294 Ln 21 Covington, LA
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    69276-69294 Ln 21
    Covington, LA
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    69276-69294 Ln 21 Covington, LA
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rhonda Sharkawy
    Rhonda Sharkawy
    Real Estate License ID: 0000010622
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!