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Covington Industrial Property with Warehouses

73526 Bollfield Drive Covington, LA 70435

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For Sale
$899,000

I1 zoned industrial property featuring four warehouses and cleared land.

Type:Industrial
Property size:
13,000 SF
Price / SF:
$69.15/SF
Added:
Dec 3, 2025
Days on Market:
223
Last Refresh:
Apr 5 at 8:34 pm

Property Features for 73526 Bollfield Drive

General Information

Standard status
Active
Size
13,000 SF
Property subtype
Industrial

Listing office Coldwell Banker Commercial TEC Realtors

Listing date Dec 3, 2025

Source Cbcworldwide

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 Coldwell Banker Commercial TEC Realtors


Investment Insights

Based on property information with market context.

This industrial property is located in Covington and is zoned I1. It features four separate warehouses totaling 13,000 square feet. The entire property is surrounded by a fence. The buildings are well insulated and have the ability to use climate control. There is 1.0 acre of cleared land with a limestone base that can be used for additional storage or large truck parking. Each warehouse has overhead cranes that are available for purchase.

Key Highlights

  • I1 Zoned Industrial Property
  • Four Separate Warehouses Totaling 13,000 SF
  • 1.0 Acre of Cleared Land with Limestone Base

Local Financial Insights For Industrial

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 $117.0k $9.00
− Vacancy −$3.6k −$0.28
EGI $113.4k $8.72
− OpEx −$34.0k −$2.62
NOI $79.4k $6.10
13,000 SF · lease $9.00/SF/yr · vacancy 3.10% · expense 30.00%

Alternative Uses

Best Use
Warehouse
$1.38M
$1.20M – $1.61M (±1% cap)
NOI $96,367 @ 7.0% cap · market cap 10.72%
Second Best
Industrial
$1.13M
$992.0K – $1.32M (±1% cap)
NOI $79,361 @ 7.0% cap · market cap 8.83%
Theoretical Best
Multifamily LT 5
$140.14M
$122.62M – $163.50M (±1% cap)
NOI $9,809,904 @ 7.0% cap · market cap 1,091.20%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Acme Machine Welding Industrial Manufacturer Rapid Machine and MFG ... Industrial Manufacturer

Suggested Use

Dental Office Hair Salon Nail Salon Kitchen & Bath Showroom Restaurant Gym & Fitness Center (Bike/Boat/Book/etc) Store Real Estate Agency Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Rhino Storage Solutions — 2067 Philip Dr, Covington, LA 70433
  • Storage Rentals of America — 74145 LA-25, Covington, LA 70435
  • Mainstreet Mini Storage — 1075 Ronald Reagan Hwy, Covington, LA 70433
  • Presidential Storage Covington — 1021 Ronald Reagan Hwy, Covington, LA 70433
  • Infinity Self Storage — 74358 LA-25, Covington, LA 70435

FAQs

What type of property is this?
Warehouse - I1 zoned industrial property featuring four warehouses and cleared land.
Where is this warehouse located?
The property is located at 73526 Bollfield Drive Covington, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: I1 Zoned Industrial Property; Four Separate Warehouses Totaling 13,000 SF; 1.0 Acre of Cleared Land with Limestone Base
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