Flex Building with Roll-Up
For Sale
$300,000
847 Collins Boulevard, Covington, LA 70433
C-2-zoned property combines office, showroom, warehouse, and upper-level workspace.
Property Size2,400 SF
Price / SF$125
Days on Market117
Property Features for 847 Collins Boulevard
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Zoning
C-2
Additional Details
Road Access
Yes
Building Details
Building Size
2,400 SF
Year Built
2008
Buildings
1
Stories
2
Listing Agency:
United Real Estate Partners
(985) 966-8323
Listed By:
Kenneth Delahoussaye · License #995688308
(985) 966-8323
Source:
Nolalivingrealty
Added: Apr 10
Changed: Aug 3
Last Checked: Aug 3 at 6:06AM
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 United Real Estate Partners
Investment Insights
Based on property information with market context.
This 2,400-square-foot flex property, built in 2008, brings several commercial functions together under one roof. The layout includes dedicated office areas, a showroom, warehouse space, and an upstairs room suitable for additional office use. Two roll-up doors and two entry doors support practical access for occupants, deliveries, and visitors.
The property occupies the corner of North Collins Blvd and North Lee Road in Covington, Louisiana. It carries C-2 zoning and is identified as being in Flood Zone C. The combination of office, display, storage, and upper-level workspace creates a flexible configuration for a range of commercial operations.
The property occupies the corner of North Collins Blvd and North Lee Road in Covington, Louisiana. It carries C-2 zoning and is identified as being in Flood Zone C. The combination of office, display, storage, and upper-level workspace creates a flexible configuration for a range of commercial operations.
Key Highlights
- 2,400‑square‑foot flex property built in 2008
- Office, showroom, warehouse, and upstairs room for additional office use
- Two roll‑up doors and two entry doors
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 | $46.9k | $19.56 |
| − Vacancy | −$10.6k | −$4.43 |
| EGI | $36.3k | $15.13 |
| − OpEx | −$9.1k | −$3.78 |
| NOI | $27.2k | $11.35 |
2,400 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%
Alternative Uses
Best Use
Office B
$389.0K
$340.4K – $453.9K
NOI $27,233 @ 7.0% cap · market cap 9.08%
Second Best
Retail
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 8.02%
Theoretical Best
Multifamily LT 5
$25.87M
$22.64M – $30.18M
NOI $1,811,059 @ 7.0% cap · market cap 603.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SNACX LLC — 501 N Theard St STE 4, Covington, LA 70433
- Catering By Don — 72022 Live Oak St # B, Covington, LA 70433
Frequently Asked Questions
What type of property is this?
Flex space - C-2-zoned property combines office, showroom, warehouse, and upper-level workspace.
Where is this flex space located?
The property is located at 847 Collins Boulevard Covington, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,400‑square‑foot flex property built in 2008; Office, showroom, warehouse, and upstairs room for additional office use; Two roll‑up doors and two entry doors
