19405 Helenbirg RdCovington, LA 70433

Property Details for 19405 Helenbirg Rd

Year built

2004

Lot size

1.06 AC

Property size (Sq ft)

14,368 SF

Property type

Commercial real estate

APN

31011

APU

31011

Description

This exceptional Covington, Louisiana office property, located at 19405 Helenberg Rd (APN 1071402018), offers multiple suites for lease in a Class C, two-story building totaling 14,368 square feet. Built in 2005, the property is zoned NC-1 and features ample parking. Currently, 5,054 square feet of space is available, divisible into units ranging from a minimum of 905 square feet to a maximum contiguous space of 3,149 square feet. All available suites are situated on the second floor and are accessible via a staircase. A three-year minimum lease is required at a modified gross rate of $12 per square foot. To enhance the tenant experience, the landlord will provide fresh paint and new carpeting in each leased suite. The property's convenient location offers easy access to Interstate 12, making it an ideal location for businesses seeking efficient commutes and strong regional connectivity within St. Tammany Parish. The property is situated in Covington, LA, zip code 70433.

• CAP approach

  CAP return

  Valuation

  6%

  $2,232,630

  6.5%

  $2,060,890

  7%

  $1,913,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,096,000

  Geo Method

  $1,021,420

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,890,250

  Retail / Commercial

  $2,027,630

  Mixed-Use / Specialty

  $2,046,190

  Hospitality / Lodging

  $1,534,800

  Office

  $2,060,890

  Institutional / Educational

  $2,136,420

  Residential Income

  $2,499,620

  Multifamily

  $2,854,950

  Automotive / Energy

  $1,831,220

  Parking / Income-Based Land

  $606,455

  Restaurant / Food Service

  $1,119,270

  Healthcare / Senior Housing

  $2,071,880

Location Insight

City

Covington

County

Saint Tammany

State

Louisiana

Latitude

30.4321

Longitude

-90.0779

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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