Renovated Flex Space with
For Sale
Contact for pricing
148 KINGSPOINT Boulevard, Slidell, LA 70461
Light industrial flex unit combining office, warehouse, conference, reception, and shower-equipped restroom areas.
Property Size1,500 SF
Price / SF$96.67
Days on Market57
Property Features for 148 KINGSPOINT Boulevard
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Special Purpose
Building Details
Year Built
2000
Listing Agency:
Century 21 Investment Realty Slidell
Listed By:
Jeff Breland · License #53741
(985) 643-4200
Source:
Crexi
Added: Aug 22
Changed: Oct 11
Last Checked: Oct 16 at 6:32AM
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 Slidell
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Investment Insights
Based on property information with market context.
Renovated flex space in a 2000-built commercial building, offering 1,500 square feet divided between 850 square feet of office area and 650 square feet of warehouse space. The office component includes two offices, a reception area, and two bathrooms, including one with a shower. A 650-square-foot mezzanine is positioned above the office area.
The warehouse has a 12-by-14-foot overhead door with semi access. The unit occupies the left corner of Building 1 and is identified for light industrial use. Its location provides access to the I-10, I-12, and I-59 split.
The warehouse has a 12-by-14-foot overhead door with semi access. The unit occupies the left corner of Building 1 and is identified for light industrial use. Its location provides access to the I-10, I-12, and I-59 split.
Key Highlights
- 1,500 SF flex unit with 850 SF office and 650 SF warehouse areas
- 650 SF mezzanine above the office area
- 12x14 overhead door with semi access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,119
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,380
$222.4K
Cap Rate 7%
$158,843
$158.8K
Cap Rate 9%
$123,544
$123.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$13.5K $9.00/SF
− Vacancy
−$419 −$0.28/SF
EGI
$13.1K $8.72/SF
− OpEx
−$2.0K −$1.31/SF
NOI
$11.1K $7.41/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,380
Cap Rate 7%
$158,843
Cap Rate 9%
$123,544
Alternative Uses
Best Use
Office B
$243.2K
$212.8K – $283.7K
NOI $17,021 @ 7.0% cap · market cap 11.74%
Second Best
Flex RnD
$202.5K
$177.2K – $236.2K
NOI $14,172 @ 7.0% cap · market cap 9.77%
Theoretical Best
Multifamily LT 5
$16.17M
$14.15M – $18.87M
NOI $1,131,912 @ 7.0% cap · market cap 780.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70461, LA
30,740
Population
12,900
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
89%
High-School Grad
53.5 sq mi
ZIP Area
575
Density / Sq Mi
$88,035
Median Household Income
$48,351
Median Earnings
$1,201
Median Rent
$267,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Tee's Catering — 280 E Howze Beach Rd, Slidell, LA 70461
- Back 2 Da Rootz Smokehouse and BBQ LLC — 1022 McCartney Ct, Slidell, LA 70461
- El Patron Mexican Grill - Slidell — 1202 Town Center Pkwy, Slidell, LA 70458
Frequently Asked Questions
What type of property is this?
Flex space - Light industrial flex unit combining office, warehouse, conference, reception, and shower-equipped restroom areas.
Where is this flex space located?
The property is located at 148 KINGSPOINT Boulevard Slidell, 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: 1,500 SF flex unit with 850 SF office and 650 SF warehouse areas; 650 SF mezzanine above the office area; 12x14 overhead door with semi access
