Covington Industrial Property with
For Sale
$899,000
73526 Bollfield Drive, Covington, LA 70435
I1 zoned industrial property featuring four warehouses and cleared land.
Property Size13,000 SF
Price / SF$69.15
Days on Market244
Property Features for 73526 Bollfield Drive
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Industrial
Listing Agency:
Coldwell Banker Commercial TEC Realtors
(504) 782-9373
Listed By:
Ron Patron · License #0995701890
(504) 782-9373
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Jul 6
Last Checked: Apr 9 at 9:00PM
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
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
NOI $96,367 @ 7.0% cap · market cap 10.72%
Second Best
Industrial
$1.13M
$992.0K – $1.32M
NOI $79,361 @ 7.0% cap · market cap 8.83%
Theoretical Best
Multifamily LT 5
$140.14M
$122.62M – $163.50M
NOI $9,809,904 @ 7.0% cap · market cap 1,091.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70435, LA
20,828
Population
8,970
Households
2.3
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
104.1 sq mi
ZIP Area
200
Density / Sq Mi
$81,318
Median Household Income
$45,685
Median Earnings
$1,231
Median Rent
$271,600
Median Home Value
Market
Properties on Market for Warehouses in St. Tammany County
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Rentals of America — 74145 LA-25, Covington, LA 70435
- KT Storage Park — 17981 Painters Row, Covington, LA 70433
- Northshore Work Trucks — 74358 LA-25, Covington, LA 70435, United States
- Presidential Storage Covington — 1021 Ronald Reagan Hwy, Covington, LA 70433
- Infinity Self Storage — 74358 LA-25, Covington, LA 70435
Frequently Asked Questions
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
