Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    68361-2 Commercial Way South Mandeville, LA 70471

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($3,981 /Mo)

    Flex/light industrial condo suite in Alamosa Industrial Park.

    Property size:
    3,250 SF
    Lot size:
    3,250 SF

    Property Features for 68361-2 Commercial Way South

    General Information

    Standard status
    Active
    Size
    3,250 SF

    We can help!

    Listing Contact
    Bryce French
    Bryce French
    Source: Cbre

    Listing Agency: CBRE | New Orleans Listing Agent: Bryce French

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mandeville Flex Space Condo Suite

    Located within the Alamosa Industrial Park in Mandeville, LA, the property at 68361-2 Commercial Way S is a flex/light industrial condo suite. The unit offers approximately 3,250 square feet of space, including an estimated 1,200 to 1,400 square feet of office and mezzanine level space. The property is designed for adaptability and efficiency. It features two grade-level loading doors for efficient movement of goods and equipment. The suite includes 20-foot eave heights, providing vertical storage capacity and clearance for machinery. Monument signage enhances business visibility within the commercial park. Zoned I-2 Industrial, the property accommodates a range of light industrial or retail uses. The Alamosa Industrial Park is located off State Highway 59, providing access to Interstate 12 (I-12). This location facilitates logistics and distribution, serving the Northshore area. The industrial corridor around Alamosa Industrial Park also provides access to local amenities, including hotels and restaurants.
    Location Intelligence

    Current Use by Public Records

    Omni Imaging Service Production Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Skin Care Clinic Daycare Center Gym & Fitness 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
    -90.039
    Latitude
    30.4181

    Nearby Similar for Lease

    • New
      $2,784 /Mo
      4,006 SF

      Renovated Office/Warehouse Condo in Mandeville

      Renovated office and warehouse condo with ample parking.
      68446 Tammany Trace Dr, Mandeville, LA 70471
      View Details
    • $2,800 /Mo
      2,576 SF

      Mandeville Office/Retail Suite For Rent

      First-floor office suite with ground-level access in Mandeville, Louisiana.
      500 Mariners Plaza Dr, Mandeville, LA 70448
      View Details
    • $2,100 /Mo
      1,590 SF

      Office/Retail Space in Mandeville, LA

      Office and retail space available for lease in Mandeville, LA.
      800 Mariners Plaza Dr, Mandeville, LA 70448
      View Details
    • $900 /Mo
      738 SF

      Office and Retail Space Available

      First-floor suite with ground-level access in Mandeville, Louisiana.
      200 Mariners Plaza Dr, Mandeville, LA 70448
      View Details
    • $495 /Mo
      120 SF

      Renovated Suites in Mandeville

      Turnkey office suites with amenities, convenient location, and secured access.
      1131 N Causeway Blvd, Mandeville, LA 70471
      View Details
    • $595 /Mo
      240 SF

      Turnkey Office Suites in Mandeville

      Office suites with amenities, convenient location, and inclusive pricing.
      1131 N Causeway Blvd, Mandeville, LA 70471
      View Details
    • $3,700 /Mo
      1,884 SF

      Highway 59 Office Space

      Office space on Highway 59 with option to buy.
      4055 Hwy 59 Hwy, Mandeville, LA 70471
      View Details
    • $1,568 /Mo

      Highway 59 Retail End Cap

      Retail end cap on Highway 59 with high visibility.
      68480 Highway 59, Mandeville, LA 70471
      View Details
    • Contact for pricing
      2,400 SF

      Mandeville Restaurant Space For Lease

      Highly visible 2,400-SF restaurant space in affluent Mandeville neighborhood.
      2186 Florida St, Mandeville, LA 70448
      View Details
    • Contact for pricing

      Mandeville Retail Center Value-Add Opportunity

      19,946 SF retail center, shadow-anchored by Walmart Neighborhood Grocer.
      3017 Causeway Approach E, Mandeville, LA 70448
      View Details
    • $18 SF/Yr
      1,348 SF

      Retail Centers at Highway 190

      Two adjacent retail centers with high visibility and easy access.
      1705 Highway 190 N, Mandeville, LA 70448
      View Details
    • $27 SF/Yr
      1,700 SF

      Retail Space in Mandeville Center

      Retail opportunities in affluent, high-traffic Mandeville shopping center.
      190 And Hwy 22, Mandeville, LA
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex/light industrial condo suite in Alamosa Industrial Park.
    Where is this flex space located?
    The property is located at 68361-2 Commercial Way South Mandeville, LA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Limited market supply of flex and light industrial properties.; - Strategic location with immediate access to Interstate 12 via State Highway 59.; - Flexible layout with ±1,200 - ±1,400 SF of office space and mezzanine level.
    (504) 427-2090
    Request Owner's contact information
    68361-2 Commercial Way South 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.
    68361-2 Commercial Way South
    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    68361-2 Commercial Way South 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bryce French
    Bryce French
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!