Furnished Office
For Sale
$8,300,000
300 Holiday Square Boulevard, Covington, LA 70433
C-2-zoned office property with furnished work areas, multiple conference rooms, and a functional generator.
Property Size38,496 SF
Price / SF$215.61
Days on Market561
Property Features for 300 Holiday Square Boulevard
General Information
Standard status
Active
Size
38,496 SF
Property subtype
Office
Zoning
C-2
Amenities
Water
Sewer
Listing Agency:
Gulf States Real Estate Services Corporate
Listed By:
Matthew Saucier
(985) 969-1676
Source:
Lacdb.resimplifi
Added: Apr 3, 2025
Changed: Oct 3
Last Checked: Oct 14 at 7:43PM
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 Gulf States Real Estate Services Corporate
Investment Insights
Based on property information with market context.
This 38,496-square-foot office building is furnished and configured across three floors. The first floor is leased, while the second and third floors are available. Interior improvements include private offices, cubicle areas, conference rooms, and break rooms, supporting a range of conventional office layouts. A fully functional generator is also in place.
The property is located at 300 Holiday Square Boulevard in Covington, Louisiana, with visibility from I-12. C-2 zoning provides the stated commercial land-use designation for the office building.
The property is located at 300 Holiday Square Boulevard in Covington, Louisiana, with visibility from I-12. C-2 zoning provides the stated commercial land-use designation for the office building.
Key Highlights
- 38,496‑square‑foot office building in Covington, Louisiana
- First floor leased; second and third floors available
- Private offices, cubicles, conference rooms, and break rooms on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$436,824
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,736,480
$8.7M
Cap Rate 7%
$6,240,343
$6.2M
Cap Rate 9%
$4,853,600
$4.9M
Market Conditions
NOI Build-Up for 38,496 SF
Gross rent
$753.0K $19.56/SF
− Vacancy
−$170.6K −$4.43/SF
EGI
$582.4K $15.13/SF
− OpEx
−$145.6K −$3.78/SF
NOI
$436.8K $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%
$8,736,480
Cap Rate 7%
$6,240,343
Cap Rate 9%
$4,853,600
Alternative Uses
Best Use
Office B
$6.24M
$5.46M – $7.28M
NOI $436,824 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$414.99M
$363.12M – $484.16M
NOI $29,049,390 @ 7.0% cap · market cap 349.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
354
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - C-2-zoned office property with furnished work areas, multiple conference rooms, and a functional generator.
Where is this office building located?
The property is located at 300 Holiday Square Boulevard Covington, LA.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: 38,496‑square‑foot office building in Covington, Louisiana; First floor leased; second and third floors available; Private offices, cubicles, conference rooms, and break rooms on each floor
