Ambulatory Surgical
New
For Sale
$1,800,000
915 S Harrison Street, Covington, LA 70433
Commercial Sale, Covington, LA
Property Size4,000 SF
Lot Size0.33 Acres
Price / SF$450
Days on Market1
Property Features for 915 S Harrison Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Parking
3
Parking features
Off Street
Subdivision
Not a Subdivision
Directions
Tyler and 12th Avenue
Standard status
Active
APN
999
Size
4,000 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
PT LOTS 3 4 5 6 7 8 BEING PARCEL MEAS 100FT ON HARRISON 142.6FT SQ 1210 CB 1007 39 CB 1538 296 INST NO 1239829 (Square 1210, New Covington)
Legal Description
PT LOTS 3 4 5 6 7 8 BEING PARCEL MEAS 100FT ON HARRISON 142.6FT SQ 1210 CB 1007 39 CB 1538 296 INST NO 1239829 (Square 1210, New Covington)
Utilities
Sewer type
Public Sewer
Cooling system
Multi Units
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Building materials
Brick
Listing Agency:
Berkshire Hathaway HS - Mandeville · Berkshire Hathaway HomeServices
(985) 951-2324
Listed By:
Jennifer S. Rice · License #000014564
(985) 966-1321
Added: Nov 2
Last Checked: Nov 2 at 6:06PM
MLS# 200JJL
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 4,000-square-foot medical facility was built in 2008 with brick construction and includes one operating room and one procedure room. Its configuration meets Louisiana’s stated criteria for licensure as an ambulatory surgical center. Interior cosmetic updates are needed; the property also has multi-unit cooling and off-street parking.
The sale includes the adjacent building at 907 S. Harrison Street, which has four separately leased suites. Both buildings are near the St. Tammany Parish Hospital emergency room, approximately two blocks away. Public water and sewer serve the property.
The sale includes the adjacent building at 907 S. Harrison Street, which has four separately leased suites. Both buildings are near the St. Tammany Parish Hospital emergency room, approximately two blocks away. Public water and sewer serve the property.
Key Highlights
- 4,000‑square‑foot facility with one operating room and one procedure room
- Meets Louisiana’s stated criteria for ambulatory surgical center licensure
- Sale includes adjacent 907 S. Harrison building with four separately leased suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,332
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,640
$1.0M
Cap Rate 7%
$719,029
$719.0K
Cap Rate 9%
$559,244
$559.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$87.8K $21.96/SF
− Vacancy
−$4.0K −$0.99/SF
EGI
$83.9K $20.97/SF
− OpEx
−$33.6K −$8.39/SF
NOI
$50.3K $12.58/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,640
Cap Rate 7%
$719,029
Cap Rate 9%
$559,244
Alternative Uses
Best Use
Healthcare Medical
$719.0K
$629.2K – $838.9K
NOI $50,332 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$43.12M
$37.73M – $50.31M
NOI $3,018,432 @ 7.0% cap · market cap 167.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Medical center - Configured with one operating room and one procedure room, alongside a building with four leased suites.
Where is this medical center located?
The property is located at 915 S Harrison Street Covington, LA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,000‑square‑foot facility with one operating room and one procedure room; Meets Louisiana’s stated criteria for ambulatory surgical center licensure; Sale includes adjacent 907 S. Harrison building with four separately leased suites
