Building Details

Year Built 1990

Listing Agency: Demand Realty

Listed By: Aimee Ashe, Liz Ashe · License #000058172 Show Phone

Source: Dominionplace

Added: Jul 21 Changed: Oct 12 Last Checked: Oct 7 at 3:27PM

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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.

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 / Yr

$15,262

Cap Rate

7.27%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $23,619 @ 7.0% cap · market cap 11.25%

Second Best

Industrial

$218.0K

$190.8K – $254.4K (±1% cap)

NOI $15,262 @ 7.0% cap · market cap 7.27%

Theoretical Best

Multifamily LT 5

$26.95M

$23.58M – $31.44M (±1% cap)

NOI $1,886,520 @ 7.0% cap · market cap 898.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Schedler Tom Campaign ... Advocacy Group slidell & new orleans ... Hardware & Home Improvement Prestige Contracting Services ... Electrical Service Gospel Revolution Church Church Iglesia Cristiana Linaje ... Church

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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