Flexible Commercial
For Sale
$210,000
1000 Caruso Boulevard Unit 177, Slidell, LA 70461
Adaptable commercial space supports retail, warehouse, and office/showroom configurations with lighted parking and interstate access.
Property Size2,500 SF
Price / SF$84
Days on Market40
Property Features for 1000 Caruso Boulevard Unit 177
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Highway Access
Yes
Amenities
lighted parking
Building Details
Year Built
1990
Listing Agency:
Demand Realty
(504) 837-3000
Listed By:
Aimee Ashe, Liz Ashe · License #000058172
Source:
Dominionplace
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 8:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Demand Realty
Investment Insights
Based on property information with market context.
This flex-space commercial condominium was built in 1990 and is located at 1000 Caruso Boulevard, Unit 177. The property is suited to several commercial formats, including retail, warehouse, and office/showroom use, allowing occupants to align the space with their operating requirements.
The condo is positioned off Old Spanish Trail with access to the interstate. Lighted parking serves customers and employees, adding practical convenience for daily business operations. The property is part of the former Old Outlet Mall, a commercial setting that includes service industry and hospitality businesses.
The condo is positioned off Old Spanish Trail with access to the interstate. Lighted parking serves customers and employees, adding practical convenience for daily business operations. The property is part of the former Old Outlet Mall, a commercial setting that includes service industry and hospitality businesses.
Key Highlights
- Flex‑space commercial condominium at 1000 Caruso Boulevard, Unit 177
- Built in 1990
- Retail, warehouse, and office/showroom use potential
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
$15,262
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
7.27%
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%
$305,240
$305.2K
Cap Rate 7%
$218,029
$218.0K
Cap Rate 9%
$169,578
$169.6K
Market Conditions
NOI Build-Up for 2,500 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
$22.5K $9.00/SF
− Vacancy
−$698 −$0.28/SF
EGI
$21.8K $8.72/SF
− OpEx
−$6.5K −$2.62/SF
NOI
$15.3K $6.10/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$9.00 /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%
$305,240
Cap Rate 7%
$218,029
Cap Rate 9%
$169,578
Alternative Uses
Best Use
Flex RnD
$337.4K
$295.2K – $393.7K
NOI $23,619 @ 7.0% cap · market cap 11.25%
Second Best
Industrial
$218.0K
$190.8K – $254.4K
NOI $15,262 @ 7.0% cap · market cap 7.27%
Theoretical Best
Multifamily LT 5
$26.95M
$23.58M – $31.44M
NOI $1,886,520 @ 7.0% cap · market cap 898.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
287
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70461, LA
30,740
Population
12,900
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
89%
High-School Grad
53.5 sq mi
ZIP Area
575
Density / Sq Mi
$88,035
Median Household Income
$48,351
Median Earnings
$1,201
Median Rent
$267,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- S & M Snowballs — 56323 Frank Pichon Rd, Slidell, LA 70458
- Tee's Catering — 280 E Howze Beach Rd, Slidell, LA 70461
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space supports retail, warehouse, and office/showroom configurations with lighted parking and interstate access.
Where is this flex space located?
The property is located at 1000 Caruso Boulevard Unit 177 Slidell, LA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Flex‑space commercial condominium at 1000 Caruso Boulevard, Unit 177; Built in 1990; Retail, warehouse, and office/showroom use potential
