Covington Industrial Property with
73526 Bollfield Drive Covington, LA 70435
For Sale
$899,000
I1 zoned industrial property featuring four warehouses and cleared land.
Property Size13,000 SF
Price / SF$69.15
Days on Market236
Property Features for 73526 Bollfield Drive
General Information
- Standard status
- Active
- Size
- 13,000 SF
- Property subtype
- Industrial
Listing Agency:
Coldwell Banker Commercial TEC Realtors
(504) 782-9373
Listed By:
Ron Patron · License #0995701890
(504) 782-9373
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Jul 6
Last Checked: Apr 9 at 9:00PM
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 Coldwell Banker Commercial TEC Realtors
Investment Insights
Based on property information with market context.
This industrial property is located in Covington and is zoned I1. It features four separate warehouses totaling 13,000 square feet. The entire property is surrounded by a fence. The buildings are well insulated and have the ability to use climate control. There is 1.0 acre of cleared land with a limestone base that can be used for additional storage or large truck parking. Each warehouse has overhead cranes that are available for purchase.
Key Highlights
- I1 Zoned Industrial Property
- Four Separate Warehouses Totaling 13,000 SF
- 1.0 Acre of Cleared Land with Limestone Base
Financial Insights For Industrial
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 | $117.0k | $9.00 |
| − Vacancy | −$3.6k | −$0.28 |
| EGI | $113.4k | $8.72 |
| − OpEx | −$34.0k | −$2.62 |
| NOI | $79.4k | $6.10 |
13,000 SF · lease $9.00/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.38M
$1.20M – $1.61M
NOI $96,367 @ 7.0% cap · market cap 10.72%
Second Best
Industrial
$1.13M
$992.0K – $1.32M
NOI $79,361 @ 7.0% cap · market cap 8.83%
Theoretical Best
Multifamily LT 5
$140.14M
$122.62M – $163.50M
NOI $9,809,904 @ 7.0% cap · market cap 1,091.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Acme Machine Welding
Industrial Manufacturer
Rapid Machine and MFG ...
Industrial Manufacturer
Similar Off Market Nearby
- Storage Rentals of America — 74145 LA-25, Covington, LA 70435
- KT Storage Park — 17981 Painters Row, Covington, LA 70433
- Northshore Work Trucks — 74358 LA-25, Covington, LA 70435, United States
- Presidential Storage Covington — 1021 Ronald Reagan Hwy, Covington, LA 70433
- Infinity Self Storage — 74358 LA-25, Covington, LA 70435
FAQs
What type of property is this?
Warehouse - I1 zoned industrial property featuring four warehouses and cleared land.
Where is this warehouse located?
The property is located at 73526 Bollfield Drive Covington, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: I1 Zoned Industrial Property; Four Separate Warehouses Totaling 13,000 SF; 1.0 Acre of Cleared Land with Limestone Base
