Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cleared Lot on Florida Street Title is generated by Realmo AI

    1149 Florida Street, Mandeville, LA 70448

    View on Map
    Claim this Listing
    For Sale
    $145,000

    High visibility cleared lot suitable for various commercial uses.

    Type:Land
    Property size:
    122 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $1,188/SF
    Added:
    Dec 12, 2023
    Days on Market:
    903
    Last Refresh:
    Mar 13 at 12:04 pm

    Property Features for 1149 Florida Street

    General Information

    Standard status
    Active
    Size
    122 SF
    Lot size
    0.46 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Kelly RICHARDS

    Listing agent Kelly RICHARDS License #995695758

    Listing office Realty One Group Immobilia

    Listing date Dec 12, 2023

    Source Compass

    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 Realty One Group Immobilia

    HighLights

    • High visibility location on Florida St/US Hwy 190 with significant traffic.
    • Cleared 0.4649‑acre lot ready for new construction.
    • 80 feet of frontage on Florida St/US Hwy 190.
    • Zoned HC‑2, suitable for various businesses (dentist, bank, restaurant, office, veterinarian, etc.).
    • Easy access to Causeway bridge.
    • Easy access to Old Mandeville Lakefront.

    Overview

    This 0.4649-acre cleared property offers high visibility due to its location on Florida Street/US Hwy 190. With 80 feet of frontage, the HC-2 zoning allows for various business opportunities, including a dentist office, bank, restaurant, office, or veterinarian clinic. The land is ready for new construction and provides easy access to the Causeway bridge and the Old Mandeville Lakefront. The property's location benefits from substantial traffic, enhancing its potential for business visibility.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel 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
    -90.046876
    Latitude
    30.35647

    Nearby Similar for Sale

    • $990,000
      120 SF

      Auto Repair Business For Sale

      Turn-key auto repair business with building, land, and equipment.
      765 ASBURY Drive, Mandeville, LA 70471
      View Details
    • $3,400,000
      1,413 SF

      Waterfront Marina with Rental Cottage

      Income-producing marina with 40+ slips and a charming cottage.
      206 & 212 ATALIN Street, Mandeville, LA 70448
      View Details
    • $525,000
      1,884 SF

      Commercial Property on Highway 59

      1,884 SF commercial space on busy Highway 59.
      4055 HIGHWAY 59, Mandeville, LA 70471
      View Details
    • $1,900
      1,120 SF

      Office with Warehouse in Mandeville

      Office space with warehouse, convenient access to I-12.
      22475 HWY 1088, Mandeville, LA 70448
      View Details
    • $1,890,000
      5,456 SF

      Versatile Property Near Lake Pontchartrain

      Bed & Breakfast or private residence near Mandeville lakefront.
      124 LAFITTE ST, Mandeville, LA 70448
      View Details
    • $1,995,000

      Class A Office Building

      Move-in ready office building near Interstate 12 in Mandeville.
      68031 CAPITAL TRACE Row, Mandeville, LA 70471
      View Details
    • $899,000

      Commercial Land in Mandeville, LA

      Prime commercial land with high visibility and development potential.
      HIGHWAY 190, Mandeville, LA 70471
      View Details
    • $99,000

      Residential Lot in Quiet Cul-de-Sac

      Wooded residential lot in established Mandeville neighborhood, convenient location.
      2304 COURS CARSON Street lot: 20A, Mandeville, LA 70448
      View Details
    • $2,500,000
      5,191 SF

      Historic Office Building on Lakeshore

      Historic office building in Mandeville's iconic lakefront corridor.
      2001 Lakeshore Drive, Mandeville, LA 70448
      View Details
    • $1,800,000

      Commercial Land on Hwy 1088

      Prime commercial acreage with frontage on Hwy 1088.
      HWY 1088 lot: 0, Mandeville, LA 70448
      View Details
    • $345,000

      5.8 Acres Vacant Land, Mandeville

      5.8 acres of vacant land in Mandeville, Louisiana.
      HARRY LEMONS Road lot: 58, Mandeville, LA 70448
      View Details
    • $200,000

      Cleared Lot in Old Mandeville

      Oversized lot near the lake and Tammany Trace.
      436 ADAIR Street lot: H, Mandeville, LA 70448
      View Details

    FAQs

    What type of property is this?
    Commercial land - High visibility cleared lot suitable for various commercial uses.
    Where is this commercial land located?
    The property is located at 1149 Florida Street Mandeville, LA.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: High visibility location on Florida St/US Hwy 190 with significant traffic.; Cleared 0.4649‑acre lot ready for new construction.; 80 feet of frontage on Florida St/US Hwy 190.
    (985) 789-5256
    We can help!
    Listing Contact
    Kelly RICHARDS
    Real Estate License ID: 995695758
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1149 Florida Street, Mandeville, LA 70448
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!