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    Versatile Flex-Use Building Title is generated by Realmo AI

    76101 HWY 435 SPUR, Talisheek, LA 70464

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    New
    For Sale
    $349,000

    COMMERCIAL - Talisheek, LA

    Property size:
    1,850 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $188/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 76101 HWY 435 SPUR

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    NK
    Standard status
    Active
    APN
    69460
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Description
    .57 ACS SQ 12 TOWN OF TALISHEEK INST NO 1012702 INST NO 1040095 INST NO 1534910 INST NO 1690879 INST NO 1740427 INST NO 1784894 INST NO 1810690 INST N

    Utilities

    Water source
    Well

    Building Details

    Year built
    1998
    Floors in Building
    1

    We can help!

    Listing Contact
    Taylor Dossett Finn

    Listing agent Taylor Dossett Finn

    Listing office 1 Percent Lists 123 Terra Bella Boulevard, Covington, LA

    Listing date Jun 4, 2026

    MLS# 2561233

    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

    • 1998‑built 1,850‑sq‑ft building with four separate rooms, a bathroom, and a spacious main area for flexible use
    • Approximately 0.57‑acre lot with excellent road frontage and space for parking, future expansion, or equipment/outdoor operations
    • Major 2026 improvements: new roof, fresh stucco on the entire exterior, and a new garage door
    • Property offers versatile commercial/residential layout for uses such as office, retail, warehouse, or mixed‑use (buyer to verify intended use and zoning)
    • Water source: well; property sold as‑is (buyer to verify utilities, zoning, measurements, and intended use)

    Overview

    This versatile commercial-residential property includes an approximately 1,850-square-foot building with four separate rooms, a bathroom, and a spacious main area. The exterior received major updates in 2026, including a new roof, fresh stucco across the entire exterior, and a new garage door. The property is being sold as-is.

    Set on approximately 0.57 acres, the building benefits from excellent road frontage along Highway 435 Spur in Talisheek. The expansive lot can accommodate practical day-to-day needs such as parking, outdoor operations, equipment storage, and space for potential future expansion, subject to verification by the buyer.

    With its flexible interior layout and recent building improvements, the property may fit a range of owner-user or investor concepts, including commercial and mixed-use arrangements. The seller notes potential for uses such as a restaurant, warehouse, retail space, office, or mixed-use operation; however, buyers should verify zoning, utilities, measurements, and intended use prior to purchase. For those looking for a ready-to-use structure with substantive 2026 updates, this is a straightforward acquisition opportunity in the Talisheek area.

    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 $36.2k $19.56
    − Vacancy −$8.2k −$4.43
    EGI $28.0k $15.13
    − OpEx −$7.0k −$3.78
    NOI $21.0k $11.35
    1,850 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $299.9K
    $262.4K – $349.9K (±1% cap)
    NOI $20,992 @ 7.0% cap · market cap 6.01%
    Second Best
    Retail
    $265.0K
    $231.9K – $309.2K (±1% cap)
    NOI $18,551 @ 7.0% cap · market cap 5.32%
    Theoretical Best
    Multifamily LT 5
    $19.94M
    $17.45M – $23.27M (±1% cap)
    NOI $1,396,025 @ 7.0% cap · market cap 400.01%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Talisheek
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -89.8622
    Latitude
    30.5122

    FAQs

    What type of property is this?
    Flex space - Flexible four-room building on a sizable lot with strong road frontage and 2026 exterior and roof improvements.
    Where is this flex space located?
    The property is located at 76101 HWY 435 SPUR Talisheek, LA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: 1998‑built 1,850‑sq‑ft building with four separate rooms, a bathroom, and a spacious main area for flexible use; Approximately 0.57‑acre lot with excellent road frontage and space for parking, future expansion, or equipment/outdoor operations; Major 2026 improvements: new roof, fresh stucco on the entire exterior, and a new garage door
    (985) 807-0001
    We can help!
    Listing Contact
    Taylor Dossett Finn
    Learn More
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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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