Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in River Chase Title is generated by Realmo AI

    E Brewster Rd, Covington, LA 70433

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces for lease in established shopping destination.

    Type:Retail, Office, Land
    Property size:
    90,000 SF
    Lot size:
    6.50 Acres
    Added:
    Aug 2, 2024
    Days on Market:
    671
    Last Refresh:
    May 12 at 8:53 pm

    Property Features for E Brewster Rd

    General Information

    Standard status
    Active
    Size
    90,000 SF
    Lot size
    6.50 Acres
    Property subtype
    Retail, Office, Land

    Spaces For Lease

    at E Brewster Rd Contact us

    We can help!

    Listing Contact
    Rhonda Sharkawy

    Listing agent Rhonda Sharkawy License #LA 0000010622

    Listing office Stirling

    Listing date Aug 2, 2024

    Source Crexi

    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 Stirling

    HighLights

    • Located at the intersection of Interstate 12 and Louisiana Highway 21
    • Anchored by major retailers: Sam's Club, Target, Belk, and JCPenney
    • Largest shopping destination in St. Tammany Parish
    • One of the largest open‑air shopping centers in the State of Louisiana
    • Up to 90,000 of Retail GLA available
    • 1 - 6.5 Acre parcels available

    Overview

    Future construction will offer up to 90,000 square feet of retail GLA. Available spaces range from 1 to 6.5 acres. River Chase is positioned at the intersection of Interstate 12 and Louisiana Highway 21. This retail center is anchored by Sam's Club, Target, Belk, and JCPenney. It is the largest shopping destination in St. Tammany Parish and one of the largest open-air shopping centers in the State of Louisiana. Retailers seeking to capitalize on the strong demographics of the Northshore area may find this location advantageous.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Covington
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.170259
    Latitude
    30.445702

    Nearby Similar for Lease

    • $1,983/Mo
      850 SF

      Corner Office Suite

      Corner office suite with receptionist area and large open workspace, supported by ample on-site parking for staff and clients.
      720 W 21ST Avenue, Covington, LA 70433
      View Details
    • $4,500/Mo
      4,000 SF

      Office and Warehouse Space Available

      Well-maintained office and warehouse space for lease in Covington, LA.
      21175 HIGHWAY 36, Covington, LA 70435
      View Details
    • Contact for pricing
      856 SF

      Furnished Office Space in Covington

      Turnkey office space in downtown Covington, ready for immediate use.
      820 E Boston Street, Covington, LA 70433
      View Details
    • Sponsored
      $129-$3,946/Mo
      11-1,292 SF

      LA, Covington- Holiday Blvd

      205 Holiday Blvd, Unit Covington LA 70433, Covington, LA 70433
      View Details
    • $2,400/Mo
      2,400 SF

      Covington Office Building For Rent

      Well-located office building with ample parking and landscaped site.
      19341 N 10TH Street, Covington, LA 70433
      View Details
    • $1,108/Mo
      970 SF

      Office Space Near I-12

      Office space with cubicles and desks near I-12.
      19411 HELENBIRG Road 201 A, Covington, LA 70433
      View Details
    • $4,800/Mo
      3,300 SF

      Covington Retail/Office Space Available

      Retail and office space for rent in Covington, Louisiana.
      125 THEARD Street C & D, Covington, LA 70433
      View Details
    • $3,000/Mo
      1,411 SF

      Retail Space on Collins Boulevard

      Retail space available for rent on Collins Boulevard.
      857 COLLINS Boulevard B, Covington, LA 70433
      View Details
    • $3,500/Mo
      3,250 SF

      Retail Space in Covington, LA

      Retail space available for lease in St. Tammany Parish.
      1655 N COLLINS Boulevard, Covington, LA 70433
      View Details
    • $31,647 SF/Yr
      14,606 SF

      Retail Space in Covington, LA

      Retail space available for lease in St Tammany Parish.
      220 PARK Place D, Covington, LA 70433
      View Details
    • $725/Mo
      750 SF

      Downtown Covington Storage Space Available

      Storage space available in downtown Covington. Utilities included.
      B-106 E 25th Ave, Covington, LA
      View Details
    • $3,000/Mo
      3,000 SF

      Retail Space For Rent

      Retail space available for lease in Covington, Louisiana.
      2107 W 21ST Avenue, Covington, LA 70433
      View Details

    FAQs

    What type of property is this?
    Commercial land - Retail spaces for lease in established shopping destination.
    Where is this commercial land located?
    The property is located at E Brewster Rd Covington, LA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Located at the intersection of Interstate 12 and Louisiana Highway 21; Anchored by major retailers: Sam's Club, Target, Belk, and JCPenney; Largest shopping destination in St. Tammany Parish
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rhonda Sharkawy
    Real Estate License ID: LA 0000010622
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    E Brewster Rd, Covington, LA 70433
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!