71363 Thelma Ln, Covington, LA 70433
New warehouse condos available for sale or lease in Covington.
- Added:
- Jun 12, 2025
- Days on Market:
- 381
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 71363 Thelma Ln
General Information
- Standard status
- Active
- Size
- 5,040 SF
- Property subtype
- Industrial
Listing office KPG Realty
Listing date Jun 12, 2025
Source Crexi
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 KPG Realty
HighLights
- New warehouse condos available in sizes 2,520 SF or 5,040 SF.
- Located off Hwy 190 in Covington.
- Each suite includes a 14' x 14' roll‑up door.
- Each suite has a small office, kitchenette, and bathroom.
- Zoned HC2, allowing for multiple commercial uses.
- Available for purchase as commercial condos or for lease.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.6k | $19.56 |
| − Vacancy | −$22.3k | −$4.43 |
| EGI | $76.3k | $15.13 |
| − OpEx | −$19.1k | −$3.78 |
| NOI | $57.2k | $11.35 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Liberty Self Storage — 70521 LA-21, Covington, LA 70433
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- St. Tammany
- State
- Louisiana
- Longitude
- -90.1271
- Latitude
- 30.4598
