Financial
Distress signals
Property profile

516 S Tyler St Covington, LA 70433

FOR SALE
Commercial real estate
Property ID
US36-1334929
1,298 SF 0.26 ac lot Built 2008
Last sale Feb 2020 · $46,000
Trust Owned Owner of record is a trust. Absentee Owner Owner mailing address differs from the property address.
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Market Trends Soon
516 S Tyler St, Covington, LA 70433 For Sale
$450,000 1,298 SF
516 S Tyler St, Covington, LA 70433
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$21k
Assessed land$11k
Assessed improvement$10k
Effective rate11.84%

Value estimate

· Sep 2026
$290k
$261k – $319k
NOI build-up
Gross scheduled income$19k
Vacancy & credit loss−$876
Operating expenses−$6k
NOI · 2.89% cap applied$13k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$136/SF
ZIP average, outlier-cleaned · 162 recorded sales of this use type
Observed band · Q1–Q3$86 – $192
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2.89%
$13k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSAINT TAMMANY

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.7
Convenience Store9.5
Computer & Electronic Repair9.0

Location

516 S Tyler St Covington, LA 70433
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1229 Collins, Covington, LA 70433-1615 $2,250,000 Nov 2025 1,148 SF
1010 21st, Covington, LA 70433-7443 $624,000 Aug 2024 2,327 SF
818 32nd, Covington, LA 70433-1416 $32,000 May 2024 966 SF
19380 2nd, Covington, LA 70433-8818 $258,500 Mar 2024 1,185 SF
832 Boston St, Covington, LA 70433-2940 $180,000 Feb 2024 795 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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