Corner Office
For Sale
Contact for pricing
720 W 21st Ave E, Covington, LA 70433
Built in 2020 with an open work area, reception space, and on-site parking.
Property Size850 SF
Price / SF$2.33
Days on Market94
Property Features for 720 W 21st Ave E
General Information
Standard status
Active
Size
850 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2020
Listing Agency:
Century 21 J. Carter & Company
Listed By:
Spencer Rossie · License #995705482
(985) 351-6667
Source:
Dominionplace
Added: Jul 15
Changed: Oct 2
Last Checked: Oct 15 at 12:49AM
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 Century 21 J. Carter & Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office unit occupies a corner position and was constructed in 2020. The suite includes a reception area and a broad open workspace, creating a straightforward layout for professional office operations. On-site parking accommodates clients and staff.
The property is located at 720 W 21st Ave E in Covington, Louisiana, between Downtown Covington and Hwy 21. Its position provides access to both areas and places the suite along a visible local corridor.
The property is located at 720 W 21st Ave E in Covington, Louisiana, between Downtown Covington and Hwy 21. Its position provides access to both areas and places the suite along a visible local corridor.
Key Highlights
- Corner‑position office suite built in 2020
- Reception area with large open workspace
- On‑site parking for clients and staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,645
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,900
$192.9K
Cap Rate 7%
$137,786
$137.8K
Cap Rate 9%
$107,167
$107.2K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$16.6K $19.56/SF
− Vacancy
−$3.8K −$4.43/SF
EGI
$12.9K $15.13/SF
− OpEx
−$3.2K −$3.78/SF
NOI
$9.6K $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%
$192,900
Cap Rate 7%
$137,786
Cap Rate 9%
$107,167
Alternative Uses
Best Use
Office B
$137.8K
$120.6K – $160.8K
NOI $9,645 @ 7.0% cap · market cap 486.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$9.16M
$8.02M – $10.69M
NOI $641,417 @ 7.0% cap · market cap 32,345.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,052
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Built in 2020 with an open work area, reception space, and on-site parking.
Where is this office units located?
The property is located at 720 W 21st Ave E Covington, LA.
What are key features of this property?
This property features: Corner‑position office suite built in 2020; Reception area with large open workspace; On‑site parking for clients and staff
