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    Slidell Mixed-Use Property For Sale Title is generated by Realmo AI

    2239 1ST Street, Slidell, LA 70458

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    Claim this Listing
    Pending
    $342,000

    COMMERCIAL - Slidell, LA

    Property size:
    2,010 SF
    Added:
    Dec 12, 2025
    Days on Market:
    168
    Last Refresh:
    May 29 at 9:06 pm

    Property Features for 2239 1ST Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    comres
    Parking features
    Driveway
    Standard status
    Pending
    APN
    86885
    Size
    2,010 SF

    Taxes and HOA fees

    Tax Description
    LOT 11 SQ 21 CITY OF SLIDELL CB 757 66 INST NOS 906427 THRU 906440 INST NO 1547626 INST NO 1705913 INST NO 1907471

    Utilities

    Water source
    Public

    Building Details

    Year built
    1968
    Floors in Building
    1

    We can help!

    Listing Contact
    Amanda Miller
    Amanda Miller

    Listing agent Amanda Miller License #995687438

    Listing office Amanda Miller Realty, LLC 300 W Judge Perez Drive, Chalmette, LA

    Listing date Dec 12, 2025

    MLS# 2534473

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Olde Town Slidell location: Steps from restaurants, shops, and businesses.
    • Commercial/Residential Zoning: Ideal for business or live‑work setup.
    • Spacious: Over 2,000 sq ft of flexible living space.
    • Detached Structure: Perfect for office, studio, workshop, or guest area.
    • 3 Bedrooms, 2 Baths: Comfortable residential living.
    • Driveway Parking: Convenient off‑street parking.

    Overview

    Located in Olde Town Slidell, this property offers 2,010 square feet of flexible living space. Zoned commercial/residential, it is suitable for various uses. The property features a 3-bedroom, 2-bath home. It is situated steps away from restaurants, shops, and local businesses. A detached structure in the rear provides additional space suitable for an office, studio, workshop, or guest area. This property is located in Slidell, Louisiana, in St. Tammany County.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $39.3k $19.56
    − Vacancy −$8.9k −$4.43
    EGI $30.4k $15.13
    − OpEx −$7.6k −$3.78
    NOI $22.8k $11.35
    2,010 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $325.8K
    $285.1K – $380.1K (±1% cap)
    NOI $22,808 @ 7.0% cap · market cap 6.67%
    Second Best
    Mixed Use
    $297.2K
    $260.1K – $346.7K (±1% cap)
    NOI $20,804 @ 7.0% cap · market cap 6.08%
    Theoretical Best
    Multifamily LT 5
    $21.67M
    $18.96M – $25.28M (±1% cap)
    NOI $1,516,762 @ 7.0% cap · market cap 443.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Slidell
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -89.78298
    Latitude
    30.273539

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    FAQs

    What type of property is this?
    Mixed-use property - Spacious live-work property in Olde Town Slidell.
    Where is this mixed-use property located?
    The property is located at 2239 1ST Street Slidell, LA.
    What is the asking price?
    The asking price for this property is $342,000.
    What are key features of this property?
    This property features: Prime Olde Town Slidell location: Steps from restaurants, shops, and businesses.; Commercial/Residential Zoning: Ideal for business or live‑work setup.; Spacious: Over 2,000 sq ft of flexible living space.
    (504) 302-4610
    We can help!
    Listing Contact
    Amanda Miller
    Amanda Miller
    Real Estate License ID: 995687438
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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.

    More about this property
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