Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot in Palm Lake Title is generated by Realmo AI

    2981 CAMELLIA Drive, Slidell, LA 70458

    View on Map
    Claim this Listing
    For Sale
    $35,000

    Land, Other - Slidell, LA

    Added:
    Aug 7, 2025
    Days on Market:
    306
    Last Refresh:
    Jun 8 at 5:06 am

    Property Features for 2981 CAMELLIA Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Elise Navarre
    Elise Navarre

    Listing agent Elise Navarre

    Listing office Engel & Völkers Slidell Mandeville 2010 First Street, Slidell, LA

    Listing date Aug 7, 2025

    MLS# 2514021 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Waterfront lot with navigable access to Lake Pontchartrain.
    • Cleared lot ready for building.
    • Close proximity (3 minutes) to Slidell City Center.
    • Short boat ride to popular restaurants (Nathan's and Palmetto's).
    • Ideal location for boating and water activities.
    • Opportunity to build a custom dream home.

    Overview

    This cleared waterfront lot is located in Palm Lake and is navigable by boat to Lake Pontchartrain. The property is situated three minutes from Slidell City Center and a short boat ride to Nathan's and Palmetto's Restaurants. This lot is suitable for building a dream home and enjoying a sportsman's paradise.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare 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
    -89.794916
    Latitude
    30.259174

    Nearby Similar for Sale

    • $849,999
      4,493 SF

      Historic Mixed-Use Landmark in Slidell

      Mixed-use property in Olde Towne Slidell with commercial and living space.
      2236/2238 1ST Street, Slidell, LA 70458
      View Details
    • $675,000

      Slidell Commercial Facility For Sale

      13,440 SF commercial facility on 1.477 acres in Slidell.
      3663 PONTCHARTRAIN Drive, Slidell, LA 70458
      View Details
    • $150,000
      1,200 SF

      Slidell Commercial Condo For Sale

      Versatile commercial condo in established shopping center, suitable for various uses.
      3003 PONTCHARTRAIN Drive, Slidell, LA 70458
      View Details
    • $538,500
      6,000 SF

      Slidell Strip Center For Sale

      Fully leased strip center in Slidell with high visibility.
      1365-1389 W GAUSE Boulevard, Slidell, LA 70458
      View Details
    • $475,000
      11,028 SF

      Slidell Commercial Property with Showroom

      Highway-adjacent commercial property featuring a showroom and office space.
      888 OLD SPANISH Trail, Slidell, LA 70458
      View Details
    • $299,000
      3,922 SF

      Single-Story Office Building with Income

      Well-maintained single-story office with separately metered suites, private parking, and renovated restrooms.
      1009 CARNATION Street, Slidell, LA 70460
      View Details
    • $450,000

      Slidell Commercial Land For Sale

      Versatile commercial land with residential and commercial opportunities near I-12.
      38003 FRICKE Road, Slidell, LA 70460
      View Details
    • $450,000

      Slidell Land with Highway Commercial Zoning

      Versatile property with highway commercial zoning and subdivision potential.
      38003 FRICKE Road, Slidell, LA 70460
      View Details
    • $1,500,000

      Versatile Commercial Property with Lake Views

      Prime commercial property featuring a sanctuary, coffee house, and classrooms.
      1510 LINDBERG Drive, Slidell, LA 70458
      View Details
    • $898,000
      8,668 SF

      Retail Shopping Center in Slidell

      Well-maintained retail shopping center in downtown Slidell, Louisiana.
      1265 GAUSE Boulevard, Slidell, LA 70458
      View Details
    • $389,000

      Turnkey Dental Office Facility

      Move-in-ready dental space with five equipped operatories, sterilization room, and patient-accessible restroom.
      484 ROBERT Boulevard, Slidell, LA 70458
      View Details
    • $215,000
      2,980 SF

      Historic Multi-Purpose Building For Sale

      Historic building on corner lot, ideal for community events.
      1619 E WEST Drive, Slidell, LA 70460
      View Details

    FAQs

    What type of property is this?
    Land - Cleared waterfront lot navigable to Lake Pontchartrain, near Slidell.
    Where is this land located?
    The property is located at 2981 CAMELLIA Drive Slidell, LA.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Waterfront lot with navigable access to Lake Pontchartrain.; Cleared lot ready for building.; Close proximity (3 minutes) to Slidell City Center.
    (985) 285-6230
    We can help!
    Listing Contact
    Elise Navarre
    Elise Navarre
    Real Estate License ID: 995711670
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2981 CAMELLIA Drive, Slidell, LA 70458
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!