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 Market12
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
(985) 643-4200
Listed By:
Jeff Breland · License #53741
Source:
Crexi
Added: Aug 22
Changed: Aug 31
Last Checked: Aug 31 at 8:26AM
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
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 = 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
$11,119
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
7.67%
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%
$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
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
$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 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%
$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.
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
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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
