Renovated Office
For Sale
$575,000
622 W 14th Ave, Covington, LA 70433
Updated office accommodation sits at a corner on a central Covington corridor.
Property Size1,700 SF
Price / SF$338.24
Days on Market29
Property Features for 622 W 14th Ave
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Office
Zoning
CN
Amenities
Power
Water
Sewer
Natural Gas
Vacant
Listing Agency:
Stirling Covington/Corporate
Listed By:
Ryan Murphy, MBA, CCIM
(985) 898-2022
Source:
Lacdb.resimplifi
Added: Sep 15
Changed: Oct 13
Last Checked: Oct 13 at 2:27AM
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 Stirling Covington/Corporate
Investment Insights
Based on property information with market context.
This office property contains approximately 1,700 square feet and has undergone renovation in recent years. Its corner placement is at Tyler Street and 14th Avenue, with CN zoning.
The site lies along a central route connecting Downtown Covington with Interstate 12. St. Tammany Parish Hospital is within a few blocks, and Ochsner’s main campus is about one mile away. The property is also one block from Olympia’s parade route.
The site lies along a central route connecting Downtown Covington with Interstate 12. St. Tammany Parish Hospital is within a few blocks, and Ochsner’s main campus is about one mile away. The property is also one block from Olympia’s parade route.
Key Highlights
- Approximately 1,700 SF of office space
- Renovated in recent years
- Corner location at Tyler Street and 14th Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,290
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,800
$385.8K
Cap Rate 7%
$275,571
$275.6K
Cap Rate 9%
$214,333
$214.3K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$33.3K $19.56/SF
− Vacancy
−$7.5K −$4.43/SF
EGI
$25.7K $15.13/SF
− OpEx
−$6.4K −$3.78/SF
NOI
$19.3K $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%
$385,800
Cap Rate 7%
$275,571
Cap Rate 9%
$214,333
Alternative Uses
Best Use
Office B
$275.6K
$241.1K – $321.5K
NOI $19,290 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.33M
$16.04M – $21.38M
NOI $1,282,834 @ 7.0% cap · market cap 223.10%
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
936
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 units - Updated office accommodation sits at a corner on a central Covington corridor.
Where is this office units located?
The property is located at 622 W 14th Ave Covington, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Approximately 1,700 SF of office space; Renovated in recent years; Corner location at Tyler Street and 14th Avenue
