73480 Bollfield DrCovington, LA 70435

Property Details for 73480 Bollfield Dr

Year built

2004

Lot size

0.86 AC

Property size (Sq ft)

7,500 SF

Property type

Commercial real estate

APN

30727

APU

30727

Description

This single-story, 10,250-square-foot industrial warehouse in Covington, LA, is currently available for lease. Built in 2000, the property sits on a 0.86-acre lot and is zoned I-1, ideal for various industrial uses. The building features a 23-foot ceiling height, three drive-in doors, and ample parking. The space is divisible, with a minimum leasable area of 5,000 square feet and a maximum contiguous space of 10,250 square feet. The property includes approximately 2,700 square feet of office space, 3,750 square feet of climate-controlled warehouse space, and an additional 3,750 square feet of non-climate-controlled warehouse space. Located at 73480 Bollfield Dr, Covington, LA 70435, this property offers easy access to major roadways, making it a strategic location for businesses involved in manufacturing, distribution, or storage. The property boasts a paved driveway and parking area, ensuring convenient access for vehicles and equipment. This is a prime opportunity for businesses seeking functional industrial space in a desirable location. The entire 10,250 square foot building is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,192,060

  6.5%

  $1,100,360

  7%

  $1,021,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $572,107

  Geo Method

  $533,175

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,125,040

  Retail / Commercial

  $1,097,800

  Mixed-Use / Specialty

  $1,100,260

  Hospitality / Lodging

  $815,526

  Office

  $1,100,360

  Institutional / Educational

  $1,146,110

  Residential Income

  $1,340,940

  Multifamily

  $1,572,910

  Automotive / Energy

  $982,376

  Parking / Income-Based Land

  $332,707

  Restaurant / Food Service

  $585,860

  Healthcare / Senior Housing

  $1,121,760

Location Insight

City

Covington

County

Saint Tammany

State

Louisiana

Latitude

30.503

Longitude

-90.1

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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