Property profile

200 Caroline Ct Covington, LA 70433

OFF-MARKET
Other commercial real estate
Property ID
US36-0611062
5,879 SF Built 2009
Entity Owned 11-yr Hold
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Property summary

AI-generated overview

A Class A, all-brick professional office building designed by Andy McDonald, located within a high-traffic commercial area three blocks off Highway 190 and approximately 0.75 miles from I-12, on a corner lot adjacent to retail uses including PetSmart and Home Depot. The building offers a reception area, more than 16 private offices, six clerical cubicles, conference rooms, and a large kitchen/break room, along with an executive office wing featuring a kitchenette, an administrative office, and a private brick-walled courtyard with a fountain. Additional features include high-volume file storage, an elevator, two stairways, and approximately 10-foot ceilings on the lower level, while the upper area (currently used for file storage) presents potential for conversion into additional offices or cubicles and may be capable of separate use through its own entrance. The property includes 28 parking spaces in a private lot. Zoning is HC3 (Highway Commercial), and the site is suited to a range of business uses; the lot size is 0.69 acres and the building contains 8,289 square feet.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2009
Total area 5,879 SF
APN 33268
UPID US36-0611062

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Oil & Natural Gas Company
  • Law Firm

Location

200 Caroline Ct Covington, LA 70433-5957
Covington metro Census 40609 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$935k
Comparable Approach Comparable
$1.13M
Blend (final) Blend
$330k

Owner & transaction history

since 2015
3 recorded transactions
2021
Price N/A
2019
Price N/A
2015
$1.4M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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