Mixed-Use Property with
1114 Girod St, Mandeville, LA 70448
For Sale
$499,000
HC-2-zoned property combines office, retail, warehouse, and residential space on Girod St.
Property Size1,619 SF
Price / SF$308.21
Days on Market53
Property Features for 1114 Girod St
General Information
Standard status
Size
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Warehouse Space
Building Details
Year Built
Buildings
Listing Agency:
Investors' Realty
Listed By:
Joseph Hermo · License LA #000034853
(504) 941-7559
Source:
Fiorellaavenue
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 10 at 10:40AM
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 Investors' Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,619-square-foot office and retail building plus a separate 1,152-square-foot warehouse positioned behind it. The front structure contains a foyer, reception and waiting area, two offices, and a bathroom. Its rear portion is configured as a residential unit with a kitchen, living room, bedroom, and bathroom, and is currently occupied by a tenant.
The property is located at 1114 Girod St, identified in the source information as Hwy 59, and carries HC-2 zoning. The original structure dates to 1950 and was renovated in the last few years. The warehouse was constructed approximately three years ago, adding a newer support building to the site.
The property is located at 1114 Girod St, identified in the source information as Hwy 59, and carries HC-2 zoning. The original structure dates to 1950 and was renovated in the last few years. The warehouse was constructed approximately three years ago, adding a newer support building to the site.
Key Highlights
- HC‑2 zoning at 1114 Girod St, identified as Hwy 59
- 1,619‑square‑foot office and retail building
- Separate 1,152‑square‑foot warehouse at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,757
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,140
$335.1K
Cap Rate 7%
$239,386
$239.4K
Cap Rate 9%
$186,189
$186.2K
Market Conditions
NOI Build-Up for 1,619 SF
Gross rent
$29.1K $18.00/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$26.8K $16.56/SF
− OpEx
−$10.1K −$6.21/SF
NOI
$16.8K $10.35/SF
Area
St. Tammany County, LA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,140
Cap Rate 7%
$239,386
Cap Rate 9%
$186,189
Alternative Uses
Best Use
Mixed Use
$239.4K
$209.5K – $279.3K
NOI $16,757 @ 7.0% cap · market cap 3.36%
Second Best
Retail
$231.9K
$202.9K – $270.6K
NOI $16,235 @ 7.0% cap · market cap 3.25%
Theoretical Best
Specialty Retail
$413.5K
$361.8K – $482.4K
NOI $28,944 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 70448, LA
25,670
Population
10,372
Households
2.5
Avg Household Size
41
Median Age
45%
College-Educated
93%
High-School Grad
21.9 sq mi
ZIP Area
1,172
Density / Sq Mi
$88,929
Median Household Income
$50,824
Median Earnings
$1,415
Median Rent
$324,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - HC-2-zoned property combines office, retail, warehouse, and residential space on Girod St.
Where is this mixed-use property located?
The property is located at 1114 Girod St Mandeville, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: HC‑2 zoning at 1114 Girod St, identified as Hwy 59; 1,619‑square‑foot office and retail building; Separate 1,152‑square‑foot warehouse at the rear
