Mixed-Use Property with Two
For Sale
$725,000
1255 Gause Boulevard, Slidell, LA 70458
C-4 zoning combines street-level retail with two residential units.
Property Size6,000 SF
Price / SF$120.83
Days on Market86
Property Features for 1255 Gause Boulevard
General Information
Standard status
Active
Size
6,000 SF
Zoning
C-4
Units
Unit Mix
2 x 2BR/2BA, 2,000SF
Multifamily Units
2
Building Details
Year Built
1975
Listing Agency:
Century 21 Investment Realty
Listed By:
Jeff Breland · License #000053741
(985) 643-4200
Source:
Fiorellaavenue
Added: Jul 24
Changed: Oct 3
Last Checked: Oct 7 at 2:57PM
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 Century 21 Investment Realty
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Investment Insights
Based on property information with market context.
This mixed-use property includes a 2,000-square-foot commercial retail space along Gause Boulevard and two residential apartments positioned to the rear. The apartments are arranged on the upstairs and downstairs levels, with each offering 2 bedrooms, 2 bathrooms, and an extra-large kitchen. The property was built in 1975 and carries C-4 zoning.
The commercial space is occupied by a long-term payday loan tenant. The residential portion faces Louisiana Avenue, creating separate commercial and residential orientations within the property. The configuration supports an owner-occupant arrangement, residential leasing, or continued use of the retail and apartment components as separate spaces.
The commercial space is occupied by a long-term payday loan tenant. The residential portion faces Louisiana Avenue, creating separate commercial and residential orientations within the property. The configuration supports an owner-occupant arrangement, residential leasing, or continued use of the retail and apartment components as separate spaces.
Key Highlights
- 2,000 SF commercial retail space along Gause Boulevard
- Two 2,000 SF apartments, one upstairs and one downstairs
- Each apartment includes 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,100
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,000
$1.2M
Cap Rate 7%
$887,143
$887.1K
Cap Rate 9%
$690,000
$690.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$8.6K −$1.44/SF
EGI
$99.4K $16.56/SF
− OpEx
−$37.3K −$6.21/SF
NOI
$62.1K $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%
$1,242,000
Cap Rate 7%
$887,143
Cap Rate 9%
$690,000
Alternative Uses
Best Use
Apartment 5plus
$56.18M
$49.16M – $65.54M
NOI $3,932,607 @ 7.0% cap · market cap 542.43%
Second Best
Office B
$972.6K
$851.0K – $1.13M
NOI $68,083 @ 7.0% cap · market cap 9.39%
Theoretical Best
Multifamily LT 5
$64.68M
$56.60M – $75.46M
NOI $4,527,648 @ 7.0% cap · market cap 624.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 70458, LA
37,798
Population
17,026
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,809
Density / Sq Mi
$69,816
Median Household Income
$44,368
Median Earnings
$1,400
Median Rent
$227,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-4 zoning combines street-level retail with two residential units.
Where is this mixed-use property located?
The property is located at 1255 Gause Boulevard Slidell, LA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,000 SF commercial retail space along Gause Boulevard; Two 2,000 SF apartments, one upstairs and one downstairs; Each apartment includes 2 bedrooms and 2 bathrooms
