Highway-Front
For Sale
$2,300,000
17418 COASTAL Boulevard, Covington, LA 70433
Front and rear 14' ground level roll-up doors complement highway-fronting office/warehouse construction with paved parking.
Property Size15,000 SF
Days on Market753
Property Features for 17418 COASTAL Boulevard
General Information
Standard status
Active
Size
15,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.64%
Drive-In Doors
2
Building Details
Building Size
15,000 SF
Year Built
2020
Listing Agency:
ABEK Real Estate
Listed By:
Lawrence Haik
(985) 788-4993
Source:
Talbot-realty
Added: Aug 20, 2024
Changed: Aug 14
Last Checked: Sep 11 at 4:14AM
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 ABEK Real Estate
Investment Insights
Based on property information with market context.
This first-class office/warehouse property is designed with front and rear 14' ground level roll-up doors, paved parking in both the front and rear, and a stone exterior finish. Sign cans are already in place, supporting straightforward building identification.
The buildings are described as having excellent highway frontage and access around the buildings. The property is offered for sale with an important limitation: it is to be sold only with adjoining lots MLS# 2458531, 2458524 and 2458528.
As presented, the configuration supports flexible loading and circulation with roll-up access on both ends of the building footprint, paired with paved parking for day-to-day operations. The property is located at 17418 Coastal Boulevard, Covington, LA 70433.
The buildings are described as having excellent highway frontage and access around the buildings. The property is offered for sale with an important limitation: it is to be sold only with adjoining lots MLS# 2458531, 2458524 and 2458528.
As presented, the configuration supports flexible loading and circulation with roll-up access on both ends of the building footprint, paired with paved parking for day-to-day operations. The property is located at 17418 Coastal Boulevard, Covington, LA 70433.
Key Highlights
- 7.64% cap rate
- 2020‑built highway‑fronting office/warehouse construction
- Front and rear 14' ground level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$141,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,834,320
$2.8M
Cap Rate 7%
$2,024,514
$2.0M
Cap Rate 9%
$1,574,622
$1.6M
Market Conditions
NOI Build-Up for 15,000 SF
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.
Gross rent
$225.0K $15.00/SF
− Vacancy
−$7.0K −$0.47/SF
EGI
$218.0K $14.54/SF
− OpEx
−$76.3K −$5.09/SF
NOI
$141.7K $9.45/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,834,320
Cap Rate 7%
$2,024,514
Cap Rate 9%
$1,574,622
Alternative Uses
Best Use
Flex RnD
$2.02M
$1.77M – $2.36M
NOI $141,716 @ 7.0% cap · market cap 6.16%
Second Best
Warehouse
$1.59M
$1.39M – $1.85M
NOI $111,193 @ 7.0% cap · market cap 4.83%
Theoretical Best
Multifamily LT 5
$161.70M
$141.49M – $188.65M
NOI $11,319,120 @ 7.0% cap · market cap 492.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70433, LA
41,423
Population
18,712
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
48.7 sq mi
ZIP Area
851
Density / Sq Mi
$79,354
Median Household Income
$47,406
Median Earnings
$1,373
Median Rent
$316,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Front and rear 14' ground level roll-up doors complement highway-fronting office/warehouse construction with paved parking.
Where is this flex space located?
The property is located at 17418 COASTAL Boulevard Covington, LA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 7.64% cap rate; 2020‑built highway‑fronting office/warehouse construction; Front and rear 14' ground level roll‑up doors
