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    Brent Cordell, Mandeville, LA

    License ID: 995690890
    Years of Experience
    8
    Association
    New Orleans Metropolitan Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (985) 629-3500
    Office Address:
    1522 W Causeway Approach, Mandeville, LA, 70471

    Performance

    Listings
    33
    Total transactions
    151
    Total transactions amount
    $73M
    Price range
    $80k - 3.3M
    Average price
    $483k

    Listings

    For Sale (30)

    View map
    • $500,000
      0.94 Acres

      Prime Mandeville Commercial Land

      High-traffic Hwy 59 lot, $500,000
      2600 La-59, Mandeville, LA 70471
      View Details
    • $2,034,252
      4.67 Acres

      Versailles Business Park Land - Lot 12

      Prime 4.67-acre commercial lot in Covington, LA.
      0 Holiday Square Blvd, Covington, LA 70433
      View Details
    • $562,000

      Loves Park Retail Center - Prime Location

      New retail spaces, high traffic, I-90 proximity.
      0 Starbrush Cir, Covington, LA 70433
      View Details
    • $3,267,000
      20.00 Acres

      Hwy 59 Commercial Land - Mandeville, LA

      20 Acres, I2 Zoning, Hwy 59 Frontage
      0 La-59, Mandeville, LA 70471
      View Details
    • $100,000
      1.75 Acres

      Elm Street

      Land • 1.75 Acres
      0 Elm St, Mandeville, LA 70448
      View Details
    • $699,000
      4,664 SF

      Mandeville Industrial Warehouse For Sale

      Spacious Warehouse, Office Space, Owner Financing
      68446 Tammany Trace Dr, Mandeville, LA 70471
      View Details
    • $1,740,000
      13.30 Acres

      Glendale Heights Business Park

      13.3-acre Commercial Land, Mandeville, LA
      2100 La-59, Mandeville, LA 70448
      View Details
    • $1,200,000
      1.18 Acres

      Historic Covington Office Building

      Prime Downtown Location, 3,264 SF, Vacant
      752 Columbia St, Covington, LA 70433
      View Details
    • $176,000
      0.50 Acres

      Prime Covington Commercial Land

      Half-acre lot, HC-2 zoning, high traffic.
      1695 Collins Blvd, Covington, LA 70433
      View Details
    • $475,000
      4,030 SF

      Slidell Office Building - $475,000

      Prime Slidell Office, 4,030 SF, High Occupancy
      102 Village St, Slidell, LA 70458
      View Details
    • $165,000
      3.97 Acres

      Hwy 445 Industrial Land Parcel

      3.97-acre industrial lot near Walmart.
      47040 La-445, Robert, LA 70455
      View Details
    • $5,896,282
      6.00 Acres

      I-12 Covington Commercial Land

      High-visibility commercial land, I-12 frontage.
      69000 190 Service Rd, Covington, LA 70433
      View Details
    • $300,000
      1.85 Acres

      Covington Commercial Land - $300K

      1.85-Acre Commercial Lot, Covington, LA
      72079 Ramos Ave, Covington, LA 70433
      View Details
    • $864,000
      1.32 Acres

      Covington Commercial Land

      3.96-Acre Development Site
      0 Falconer Dr, Covington, LA 70433
      View Details
    • $225,000
      2.41 Acres

      Covington, LA Commercial Land

      2.41 Acres, $225,000, NC1 Zoning
      79399 Slemmer Rd, Covington, LA 70433
      View Details
    • $3,236,072
      7.82 Acres

      Versailles Business Park Land - Lot 11

      7.82 Acres, PUD Zoning, Prime Location
      0 Holiday Square Blvd, Covington, LA 70433
      View Details
    • $325,000

      Covington Industrial Land - 72k SF

      Rare Covington industrial land, eight lots available.
      0 Taylor St, Covington, LA 70433
      View Details
    • $1,241,460
      6.00 Acres

      Prime Mandeville Industrial Land

      6 Acres Hwy 59, I-2 Zoning
      3000 La-59, Mandeville, LA 70471
      View Details
    • $375,000

      Timber Branch Commercial Lot

      Wooded lot, prime business location.
      0 Starbrush Cir, Covington, LA 70433
      View Details
    • $150,000
      5.00 Acres

      Lacombe 5-Acre Highway 190 Land

      Prime 5-acre commercial/residential tract. Highway 190 frontage.
      0 Highway 190, Lacombe, LA 70445
      View Details
    • Contact for pricing
      72.00 Acres

      Madisonville Commercial Land Opportunity

      72 Acres, Hwy 22 Frontage, Multi-Use Potential
      501 La-22, Madisonville, LA 70447
      View Details
    • $1,900,000
      4.80 Acres

      Mandeville Commercial Land - 4.8 Acres

      Prime Mandeville location, B-2 zoning, high visibility.
      Approach Causeway Blvd, Mandeville, LA 70448
      View Details
    • $9,923,142
      29.50 Acres

      Highway 59 Industrial Land

      Prime Mandeville industrial acreage.
      0 Highway 59, Mandeville, LA 70471
      View Details
    • $1,000,000
      1.88 Acres

      Hwy 59 Commercial Land Investment

      Prime Mandeville location, high traffic.
      2602 La-59, Mandeville, LA 70471
      View Details
    • $838,530
      3.40 Acres

      Hwy 59 Industrial Land - Abita Springs

      Prime 3.4-3.5 acre industrial lot. Highway frontage.
      70457 La-59, Abita Springs, LA 70420
      View Details
    • $500,000
      0.94 Acres

      Mandeville Commercial Land - Hwy 59

      Prime 0.94-acre commercial lot.
      2601 La-59, Mandeville, LA 70471
      View Details
    • $900,000
      63.88 Acres

      Prime Covington Land - 63 Acres

      Commercial Land, Hwy 190 Frontage
      0 Penn Mill Rd, Covington, LA 70435
      View Details
    • $869,022
      2.66 Acres

      Versailles Business Park Land - Lot 8

      Prime 2.66-acre commercial lot in Covington, LA.
      0 Versailles Business Pkwy, Folsom, LA 70433
      View Details
    • $390,000
      0.75 Acres

      Mandeville Commercial Land - 0.75 Acres

      Prime Mandeville commercial land, B1 zoning.
      0 Causeway Approach, Mandeville, LA 70471
      View Details
    • $425,000

      Two-Story Office Building For Sale

      Spacious 4,030 SF office building, 75% leased, great investment.
      102 Village St, Slidell, LA 70458
      View Details

    For Lease (3)

    View map
    • $11 SF/Yr
      3,600 SF

      Covington Warehouse Office Space

      Two Suites Available, Hwy 190 Access
      2003 Ronald Reagan Hwy, Covington, LA 70433
      View Details
    • $5,430 /Mo

      New Retail Complex Near Madisonville

      New retail suites available in high-traffic area near Madisonville.
      1108 Highway 1085, Madisonville, LA 70447
      View Details
    • $1,875 /Mo

      New Retail Complex on Highway

      New retail suites available in high-traffic area on Highway 59.
      2758 Highway 59, Mandeville, LA 70448
      View Details

    Leases and Sales on Map

    • For Sale
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    Properties for sale

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    Brent Cordell, Mandeville, LA
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    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.

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    Brent Cordell, Mandeville, LA
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