Renovated Mixed-Use
New
For Sale
$399,000
320 NORTH Boulevard, Slidell, LA 70458
Commercial, Slidell, LA
Property Size3,326 SF
Lot Size0.25 Acres
Price / SF$119.96
Days on Market6
Property Features for 320 NORTH Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU-1
Parking features
Off Street, Driveway
Subdivision
Forest Manor
Lot features
Regular
Standard status
Active
APN
82616
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
.25 ACS SEC 2 9 14 CB 940 785 786 CB 1507 688 INST NO 886253 INST NO 897408 INST NO 1984457 INST NO 2177493
Legal Description
.25 ACS SEC 2 9 14 CB 940 785 786 CB 1507 688 INST NO 886253 INST NO 897408 INST NO 1984457 INST NO 2177493
Utilities
Water source
Public
Building Details
Year built
2008
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Frank Oakes
(985) 237-4356
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 29 at 12:06AM
MLS# 2573531
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 mixed-use property contains 3,326 square feet and was built in 2008. Renovations have been completed, and the property is configured for a combination of commercial and residential components under MU-1 zoning, subject to applicable zoning and permitting requirements.
The 0.25-acre site is positioned half a block from Robert Road in Slidell, with surrounding residential and commercial development nearby. Parking is provided through a driveway and off-street spaces, while public water serves the property. The address is 320 NORTH Boulevard, Slidell, LA 70458.
The 0.25-acre site is positioned half a block from Robert Road in Slidell, with surrounding residential and commercial development nearby. Parking is provided through a driveway and off-street spaces, while public water serves the property. The address is 320 NORTH Boulevard, Slidell, LA 70458.
Key Highlights
- 3,326‑square‑foot mixed‑use property on a 0.25‑acre site
- MU‑1 zoning for commercial and residential components, subject to applicable requirements
- Built in 2008 with renovations completed
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
$34,424
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
8.63%
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%
$688,480
$688.5K
Cap Rate 7%
$491,771
$491.8K
Cap Rate 9%
$382,489
$382.5K
Market Conditions
NOI Build-Up for 3,326 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
$59.9K $18.00/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$55.1K $16.56/SF
− OpEx
−$20.7K −$6.21/SF
NOI
$34.4K $10.35/SF
Area
St. Tammany County, LA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$688,480
Cap Rate 7%
$491,771
Cap Rate 9%
$382,489
Alternative Uses
Best Use
Mixed Use
$491.8K
$430.3K – $573.7K
NOI $34,424 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$35.85M
$31.37M – $41.83M
NOI $2,509,826 @ 7.0% cap · market cap 629.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MU-1 zoning supports approved commercial and residential components, subject to applicable zoning and permitting requirements.
Where is this mixed-use property located?
The property is located at 320 NORTH Boulevard Slidell, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,326‑square‑foot mixed‑use property on a 0.25‑acre site; MU‑1 zoning for commercial and residential components, subject to applicable requirements; Built in 2008 with renovations completed
