Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    639 Lotus Dr Mandeville, LA 70471

    For Sale
    $649,000

    High-Visibility Multi-Tenant Property in Mandeville

    Property size:
    6,415 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional multi-tenant commercial building, located at 639 N LOTUS Drive Unit 1-3, Mandeville, LA, presents a compelling investment opportunity. Boasting 6,415 square feet on a 0.51-acre lot, the property enjoys excellent visibility with 104.8 feet of frontage on Lotus Drive North. Its B-2 zoning makes it highly desirable. The building comprises three units. The front unit, a nearly turnkey former dental office, is ideal for a dentist seeking a Mandeville location. The rear unit is currently leased to a long-term tenant under a 5-year lease at $1848.00 per month. The center unit is vacant and includes an upstairs apartment. Recent repainting enhances the property's appeal, and ample parking is available. The building's strategic location in Mandeville, combined with its versatile layout and strong leasing potential, makes it an attractive investment. The asking price is below a recent appraisal, representing significant value for a discerning buyer. This property offers a blend of immediate income generation from the leased unit and the potential for increased revenue through leasing the vacant space. The turnkey dental office presents a unique opportunity for a quick start. The property's size and location in a desirable area of Mandeville ensure strong potential for long-term growth and profitability.

    Property Features for 639 Lotus Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,415 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    2001
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Esp Receivables Management ... Debt Collection Agency Dr. Bruce Groom Family Practice Physician Dr. Michael Glassinger Emergency Care Physician Clark Family Dentistry Dentist Dr. Robert J. ... Dentist

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mandeville
    County
    St Tammany
    State
    Louisiana
    Longitude
    -90.10619
    Latitude
    30.3983

    Nearby Similar for Sale

    • $524,900
      2,992 SF

      Updated Duplex in Old Mandeville

      Updated duplex with modern amenities in historic Old Mandeville.
      800-802 Carroll St, Mandeville, LA 70448
      View Details
    • $519,900
      2,992 SF

      Updated Duplex in Old Mandeville

      Updated duplex with modern amenities in historic Old Mandeville.
      804-806 Carroll St, Mandeville, LA 70448
      View Details
    • $799,000
      1,000 SF

      New Metal Warehouse and Office

      4,900 sqft metal warehouse with office space for sale.
      269 General Patton Ave, Mandeville, LA 70471
      View Details
    • $649,000
      1,884 SF

      Highway 59 Commercial Space

      Commercial space on Highway 59, ideal for retail or office.
      4055 Hwy 59 Hwy, Mandeville, LA 70471
      View Details
    • $3,250,000
      16,787 SF

      Two-Story Office Building in Mandeville

      Professional office building with ample parking and high visibility.
      735 North Causeway Blvd, Mandeville, LA 70448
      View Details
    • Contact for pricing

      New Class A Industrial Development

      Modern distribution and logistics facility with superior access and infrastructure.
      La-1088, Mandeville, LA 70471
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Multi-Tenant Property in Mandeville
    Where is this commercial real estate located?
    The property is located at 639 Lotus Dr Mandeville, LA.
    What is the asking price?
    The asking price for this property is $649,000.
    (985) 867-8670
    Request Owner's contact information
    639 Lotus Dr Mandeville, LA 70471
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    639 Lotus Dr
    Mandeville, LA 70471
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    639 Lotus Dr Mandeville, LA 70471
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.