Office Building with Available
For Sale
$1,600,000
1514 Lindberg Dr, Slidell, LA 70458
C-4-zoned office property with existing occupancy, on-site parking, and space available for immediate use.
Property Size9,195 SF
Price / SF$174.01
Days on Market641
Property Features for 1514 Lindberg Dr
General Information
Standard status
Active
Size
9,195 SF
Property subtype
Office
Zoning
C-4
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
Stirling Covington/Corporate
Listed By:
W. Murphy
(985) 898-2022
Source:
Lacdb.resimplifi
Added: Dec 1, 2024
Changed: Sep 2
Last Checked: Sep 2 at 1:17PM
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 Stirling Covington/Corporate
Investment Insights
Based on property information with market context.
This office building includes approximately 3,171 SF currently available for owner occupancy or immediate use, along with 4,764 SF leased to the DMV. The property is supported by more than 100 parking spaces for employees and visitors and carries C-4 zoning.
Located just off I-10, the building benefits from interstate exposure and proximity to Fremaux Town Center, Fremaux Medical, and Fremaux Self Storage. The combination of existing tenancy, available office area, and substantial parking provides a flexible commercial configuration at the Lindberg Drive address.
Located just off I-10, the building benefits from interstate exposure and proximity to Fremaux Town Center, Fremaux Medical, and Fremaux Self Storage. The combination of existing tenancy, available office area, and substantial parking provides a flexible commercial configuration at the Lindberg Drive address.
Key Highlights
- Approximately 3,171 SF of office space currently available
- 4,764 SF leased to the DMV
- Over 100 parking spaces on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,086,760
$2.1M
Cap Rate 7%
$1,490,543
$1.5M
Cap Rate 9%
$1,159,311
$1.2M
Market Conditions
NOI Build-Up for 9,195 SF
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.
Gross rent
$179.9K $19.56/SF
− Vacancy
−$40.7K −$4.43/SF
EGI
$139.1K $15.13/SF
− OpEx
−$34.8K −$3.78/SF
NOI
$104.3K $11.35/SF
Area
St. Tammany County, LA
Vacancy
22.65%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,086,760
Cap Rate 7%
$1,490,543
Cap Rate 9%
$1,159,311
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.74M
NOI $104,338 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$99.12M
$86.73M – $115.64M
NOI $6,938,621 @ 7.0% cap · market cap 433.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,143
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C-4-zoned office property with existing occupancy, on-site parking, and space available for immediate use.
Where is this office building located?
The property is located at 1514 Lindberg Dr Slidell, LA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 3,171 SF of office space currently available; 4,764 SF leased to the DMV; Over 100 parking spaces on site
