Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Holiday Square Blvd Covington, LA 70433
    Back to Search
    Property profile & analytics

    Holiday Square Blvd, Covington, LA 70433

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Holiday Square Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    The Versailles Business Center in Covington, LA's thriving Northshore offers exceptional investment opportunities. This development features several prime raw land parcels ranging from 5.05 to 6.69 acres, available for sale, lease, or build-to-suit. The flexible zoning (PUD) allows for diverse uses including office, retail, medical, residential (upper floors), hotel, and restaurant establishments. Lot 13, a 5.05-acre standalone parcel, presents an ideal opportunity for businesses seeking a prominent location. Lots 15 (6.69 acres) and 16 (6.18 acres) are adjacent, providing significant flexibility for larger-scale projects or multiple developments. This strategic location in Covington's Northshore ensures excellent visibility and accessibility. The strong local economy and increasing demand for new businesses and services make this a compelling investment. The approved Planned Unit Development (PUD) guarantees a well-planned and sustainable development. These lots represent a unique chance to establish or expand a presence in a vibrant and growing community. Parcel sizes are precisely 5.05 acres (Lot 13), 6.69 acres (Lot 15), and 6.18 acres (Lot 16). The APN for the overall development is 1078160197. Invest in one or multiple lots and become part of a thriving Northshore community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -90.0882
    Latitude
    30.4361

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      20081 La-36

      Office Units
      20081 La-36, Covington, LA 70433
      View Details
    • Value Estimation by Request
      6,000 SF

      20081 La-36

      Medical Office Space
      20081 La-36, Covington, LA 70433
      View Details
    • Value Estimation by Request

      1200 Business Hwy 190

      Medical Office Space
      1200 Business Hwy 190, Covington, LA 70433
      View Details
    • Value Estimation by Request
      10,348 SF

      1170 Highway 190

      Medical Office Space
      1170 Highway 190, Covington, LA 70433
      View Details
    • Value Estimation by Request
      8,446 SF

      4407 Highway 190 East Service Rd

      Restaurants
      4407 Highway 190 East Service Rd, Covington, LA 70433
      View Details
    • Value Estimation by Request
      50,178 SF

      Brewster Rd & Riv Chase Dr

      Medical Office Space
      0 Brewster Rd & Riv Chase Dr, Covington, LA 70433
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,597 SF

      Versatile Office Building For Sale

      Freestanding office building suitable for medical, counseling, or general use.
      20115 Highway 36, Covington, LA 70433
      View Details
    • Contact for pricing

      Mixed-Use Retail & Office Development

      Exceptional commercial property with versatile space for various businesses.
      71178 Louisiana 21, Covington, LA 70433
      View Details
    • Contact for pricing

      New Warehouse Condos For Sale

      New warehouse condos available for sale or lease in Covington.
      71363 Thelma Ln, Covington, LA 70433
      View Details
    • Contact for pricing
      550 SF

      Covington Office with Private Entry

      Office space with utilities included near downtown Covington.
      100 Menetre Dr, Covington, LA 70433
      View Details
    • $220,000
      1,152 SF

      Covington Mixed-Use Potential

      Charming property with residential and commercial potential in Covington.
      822 W 21St Ave, Covington, LA 70433
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Metairie Bank Branch Space

      New bank branch space with signage and TI allowance.
      70496 Highway 21, 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 St, Covington, LA 70433
      View Details
    • Contact for pricing

      Highway 190 Shopping Center Space

      Neighborhood shopping center with easy access and steady traffic flow.
      19352 N 2Nd St, Covington, LA 70433
      View Details
    • Contact for pricing
      Pending

      Two-Story Commercial Office Space

      Two-story commercial office space with ample room to grow.
      20081 Highway 36, Covington, LA 70433
      View Details
    • Contact for pricing

      Covington Warehouse/Office Commercial Space

      Warehouse and office space available for lease in Covington, LA.
      2003 Ronald Reagan Hwy, Covington, LA 70433
      View Details
    • Contact for pricing

      Retail Space in River Chase

      Retail spaces for lease in established shopping destination.
      E Brewster Rd, Covington, LA 70433
      View Details
    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.
    Holiday Square Blvd
    Covington, LA 70433
    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
    Holiday Square Blvd, 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!