Open-Layout Retail
For Sale
$150,000
3003 PONTCHARTRAIN Drive, Slidell, LA 70458
Commercial, Slidell, LA
Property Size1,200 SF
Lot Size0.13 Acres
Price / SF$125
Days on Market99
Property Features for 3003 PONTCHARTRAIN Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC-4
Subdivision
Not a Subdivision
Lot features
Irregular
Standard status
Active
APN
92848
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
UNIT 3003 KENNEDY CENTER COMMERCIAL CONDO IN SQ 4 SALMEN ADDITION 1 INST NO 1593448 INST NO 1779651
Legal Description
UNIT 3003 KENNEDY CENTER COMMERCIAL CONDO IN SQ 4 SALMEN ADDITION 1 INST NO 1593448 INST NO 1779651
Utilities
Water source
Public
Building Details
Year built
2010
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Will Frederick · License #912124137
(985) 215-3100
Added: May 19
Changed: Aug 19
Last Checked: Aug 25 at 11:06AM
MLS# 2558954
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.
Investment Insights
Based on property information with market context.
This 1,200-square-foot commercial condominium is located in Unit 3003 of the Kennedy Center, a seven-unit strip shopping center completed in 2010. The interior has an open configuration and two bathrooms, supporting retail, professional office, medical, and personal service uses. Public water serves the property, which carries HC-4 zoning.
The condominium is positioned at 3003 Pontchartrain Drive in Slidell, Louisiana, within St. Tammany Parish. The property information identifies on-site parking, established neighboring tenants, and visibility within the center. A 0.1334-acre lot area is associated with the property.
The condominium is positioned at 3003 Pontchartrain Drive in Slidell, Louisiana, within St. Tammany Parish. The property information identifies on-site parking, established neighboring tenants, and visibility within the center. A 0.1334-acre lot area is associated with the property.
Key Highlights
- 1,200‑square‑foot commercial condominium in Unit 3003
- Located within the Kennedy Center, a seven‑unit strip shopping center
- Open interior layout with two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,033
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,660
$240.7K
Cap Rate 7%
$171,900
$171.9K
Cap Rate 9%
$133,700
$133.7K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$18.0K $15.00/SF
− Vacancy
−$810 −$0.68/SF
EGI
$17.2K $14.33/SF
− OpEx
−$5.2K −$4.30/SF
NOI
$12.0K $10.03/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,660
Cap Rate 7%
$171,900
Cap Rate 9%
$133,700
Alternative Uses
Best Use
Retail
$171.9K
$150.4K – $200.6K
NOI $12,033 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.94M
$11.32M – $15.09M
NOI $905,530 @ 7.0% cap · market cap 603.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 28%
Shops & Services 27%
Home Improvements & Furnishings 5%
Walmart Neighborhood Market
Groceries
36,562 visits/mo
0.1 miles
McDonald's
Dining
16,275 visits/mo
0.3 miles
Quick Stop
Shops & Services
7,826 visits/mo
0.2 miles
Shell
Shops & Services
6,164 visits/mo
0.3 miles
SONIC Drive In
Dining
5,042 visits/mo
0.2 miles
Demographics for 70458, LA
37,798
Population
17,026
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,809
Density / Sq Mi
$69,816
Median Household Income
$44,368
Median Earnings
$1,400
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - HC-4-zoned commercial condo with two bathrooms and flexible space for retail, office, medical, or personal service use.
Where is this retail space located?
The property is located at 3003 PONTCHARTRAIN Drive Slidell, LA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,200‑square‑foot commercial condominium in Unit 3003; Located within the Kennedy Center, a seven‑unit strip shopping center; Open interior layout with two bathrooms
