Commercial Property on Highway
4055 HIGHWAY 59 Mandeville, LA 70471
For Sale
$525,000
COMMERCIAL - Mandeville, LA
Property Size1,884 SF
Lot Size0.36 Acres
Price / SF$278.66
Days on Market286
Property Features for 4055 HIGHWAY 59
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COM
- Standard status
- Active
- APN
- 42140
- Size
- 1,884 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Description
- LOT 3 DEVAL ESTATES SEC B
Utilities
- Water source
- Well
Building Details
- Year built
- 1995
Listing Agency:
Scoggin Properties, Inc.
(985) 867-8670
Listed By:
Steve Scoggin · License #000011318
(985) 373-0019
Added: Oct 14, 2025
Changed: May 25
Last Checked: Jul 26 at 8:06PM
MLS# 2526381
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 commercial property, located on Highway 59 in Mandeville, Louisiana, offers 1,884 square feet of space suitable for various business operations. Situated on a 0.3566-acre lot, the property features a layout that includes two large work/reception/display/office spaces and two smaller offices. The location is on a busy section of Highway 59, positioned between Interstate I-12 and Fontainebleau High School. The property is zoned COM (Commercial).
Key Highlights
- High‑traffic location on Hwy 59, ideal for business visibility.
- Conveniently situated between I‑12 and Fontainebleau High School.
- Option to lease with the possibility of purchasing.
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 | $36.9k | $19.56 |
| − Vacancy | −$8.3k | −$4.43 |
| EGI | $28.5k | $15.13 |
| − OpEx | −$7.1k | −$3.78 |
| NOI | $21.4k | $11.35 |
1,884 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%
Alternative Uses
Best Use
Office B
$305.4K
$267.2K – $356.3K
NOI $21,378 @ 7.0% cap · market cap 4.07%
Second Best
Retail
$269.9K
$236.2K – $314.9K
NOI $18,892 @ 7.0% cap · market cap 3.60%
Theoretical Best
Multifamily LT 5
$20.31M
$17.77M – $23.69M
NOI $1,421,682 @ 7.0% cap · market cap 270.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - 1,884 SF commercial space on busy Highway 59.
Where is this office units located?
The property is located at 4055 HIGHWAY 59 Mandeville, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: High‑traffic location on Hwy 59, ideal for business visibility.; Conveniently situated between I‑12 and Fontainebleau High School.; Option to lease with the possibility of purchasing.
