233 GENERAL PATTON Avenue, Mandeville, LA 70471
17,718 SF renovated office building with national tenant.
- Added:
- Mar 12, 2026
- Days on Market:
- 104
- Last Refresh:
- Apr 6 at 4:01 am
Property Features for 233 GENERAL PATTON Avenue
General Information
- Standard status
- Active
- Size
- 17,718 SF
- Lot size
- 2.54 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2007
Listing agent Richard Mauti License #000024314
Listing office Green Star Realty, LLC (318) 396-1085
Listing date Mar 12, 2026
Source Exitrealty
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 Green Star Realty, LLC
HighLights
- Leased by ADT Solar, a national company owned by ADT Home Security.
- New 5‑year lease signed August 1, 2023, with options.
- Above average returns.
- Recently renovated office building.
- Building size: 17,718 square feet.
- Two additional lots included for parking.
Overview
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 | $346.6k | $19.56 |
| − Vacancy | −$78.5k | −$4.43 |
| EGI | $268.1k | $15.13 |
| − OpEx | −$67.0k | −$3.78 |
| NOI | $201.1k | $11.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mandeville
- County
- St. Tammany
- State
- Louisiana
- Longitude
- -90.0331
- Latitude
- 30.434