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Property profile & analytics
OFF-MARKET
Office Spaces

1200 Business Hwy 190 Covington, LA 70433

Property ID
Property summary
AI-generated overview

This exceptional 1,840 square foot medical office space is located at 1200 Business Hwy 190, Suite 2A in St. Tammany Parish. The property is a single-tenant office building situated on a commercial lot. Recently renovated, this turnkey space is perfectly suited for a variety of medical practices, particularly chiropractic or orthopedic clinics. The suite boasts brand new office and patient room equipment, included in the sale. A significant advantage is the pre-installed X-ray machine, available for purchase separately at $25,000. The current lease agreement has three years remaining, offering immediate occupancy and the potential for a longer-term extension through negotiation with the landlord. This presents a unique opportunity for a medical professional seeking a move-in ready, well-equipped space in a convenient location. The property's single-suite configuration ensures privacy and control, while its commercial zoning allows for flexibility in operations. The location on Highway 190 provides excellent visibility and accessibility for patients and staff. This is a rare opportunity to acquire a fully equipped and established medical office space with a strong remaining lease term.

Property profile
Verified
Property type Office Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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