2190 Manton Drive, Covington, LA 70433

Building Details

Building Size 6,000 SF More

Year Built 2014 More

Buildings 1 More

Stories 1 More

Construction steel frame More

Listing Agency: Rutter Realty, LLC Show Phone

Listed By: Chelsie Rutter Jackson · License LA #995685663 Show Phone

Source: Cypresskeyrealty

Added: Feb 3, 2025 Changed: Nov 8 Last Checked: Nov 10 at 8:04PM

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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 Rutter Realty, LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Built in 2014, this 6,000-square-foot office property has a steel-frame structure, stucco and metal exterior finishes, and a sloped metal-panel roof over a concrete slab. Its interior includes seven offices, two expansive work areas, a laboratory, and a reception and waiting area. Two kitchens, two break rooms, a conference room, file and storage rooms, a server/IT room, and three restrooms round out the layout. The building was designed for multiple occupants and has storefront glazing and signage along the front, with paved parking on site.

The property fronts the Highway 190 bypass in Covington and is zoned COM.

Key Highlights

• 6,000‑square‑foot office building, constructed in 2014
• Frontage on the Highway 190 bypass in Covington
• Seven offices, two open work rooms, and a laboratory

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,083

Cap Rate

6.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,361,660 $1.4M

Cap Rate 7%

$972,614 $972.6K

Cap Rate 9%

$756,478 $756.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$117.4K $19.56/SF

− Vacancy

−$26.6K −$4.43/SF

EGI

$90.8K $15.13/SF

− OpEx

−$22.7K −$3.78/SF

NOI

$68.1K $11.35/SF

Area

St. Tammany County, LA

Vacancy

22.65%

Lease Rate

$19.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,361,660

Cap Rate 7%

$972,614

Cap Rate 9%

$756,478

Alternative Uses

Best Use

Office B

$972.6K

$851.0K – $1.13M (±1% cap)

NOI $68,083 @ 7.0% cap · market cap 6.22%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,266 @ 7.0% cap · market cap 9.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Archway Apothecary Pharmacy

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Hair Salon Nail Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

265

Businesses Nearby

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

Market

Average Price Trend$/SF for Office buildings in St. Tammany County, LA

$113 Jul

$141 Aug

$161 Sep

$167 Oct

Properties on Market for Office buildings in St. Tammany County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office layout combines private rooms, open work areas, a laboratory, and supporting spaces.

Where is this office building located?

The property is located at 2190 Manton Drive Covington, LA.

What is the asking price?

The asking price for this property is $1,095,000.

What are key features of this property?

This property features: 6,000‑square‑foot office building, constructed in 2014; Frontage on the Highway 190 bypass in Covington; Seven offices, two open work rooms, and a laboratory