Listing Agency: Century 21 Investment Realty j***@c21ir.com Show Phone

Listed By: Jeffrey Alan Breland · License #000053741 Show Phone

Source: Exprealty

Added: Aug 19 Changed: Oct 31 Last Checked: Oct 31 at 2:59AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This renovated flex unit contains 1,500 square feet, divided between 850 square feet of office area and 650 square feet of warehouse space. The office layout includes two offices, one sized for conference use, a reception area and two bathrooms, including one with a shower. A 650-square-foot mezzanine sits above the office area.

A 12-by-14-foot overhead door provides access for semis. The unit occupies the left corner of Building 1 and is convenient to the I-10, I-12 and I-59 split.

Key Highlights

• 1,500 SF total: 850 SF office and 650 SF warehouse
• Additional 650 SF mezzanine above the office area
• Renovated space with two offices, reception area and two bathrooms

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

Is this asking price fair?

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

Flex RnD

$202.5K

$177.2K – $236.2K (±1% cap)

NOI $14,172 @ 7.0% cap · market cap 9.77%

Second Best

Warehouse

$158.8K

$139.0K – $185.3K (±1% cap)

NOI $11,119 @ 7.0% cap · market cap 7.67%

Theoretical Best

Multifamily LT 5

$16.17M

$14.15M – $18.87M (±1% cap)

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

Primetime Kutz Barber Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Hair Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Highway access

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Flexible Commercial Condo

1000 Caruso Boulevard Unit 175, Slidell, LA 70461

$170,000

2,200 SF

View details

Auto Shop with Drive-Through Bays

307 Fremaux Ave, Slidell, LA 70458

$425,000

1,675 SF

View details

Warehouse with Interstate Frontage

56681 Garrett Rd, Slidell, LA 70458

$600,000

6,500 SF

View details

Flex Space With Roll-Up Door

888 Old Spanish Trail, Slidell, LA 70458

$659,000

11,100 SF

View details

Flex Facility with Fenced Yard

3663 Pontchartrain Dr, Slidell, LA 70458

$625,000

13,440 SF

View details

Waterfront Flex Space

4632 Pontchartrain Dr, Slidell, LA 70458

$925,000

13,300 SF

View details

Warehouse-Flex Mixed-Use Building

4838 Pontchartrain Dr, Slidell, LA 70458

Contact for pricing

8,000 SF

View details

Industrial Warehouse Property

525 J F Smith Ave, Slidell, LA 70460

$3,500,000

37,000 SF

View details

Flex Space with Dock Doors

646 Carnation St, Slidell, LA 70460

$2,850,000

74,278 SF

View details

Open-Layout Retail Condo

3003 Pontchartrain Dr, Slidell, LA 70458

$150,000

1,200 SF

View details

Three-Bedroom Duplex with Private Drives

1417 19 Beech St, Slidell, LA 70460

$175,000

1,980 SF

View details

Office Building with Conference Room

1322 CORPORATE SQUARE Drive, Slidell, LA 70458

$219,000

1,800 SF

View details

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 - Renovated light industrial unit combines dedicated office space with warehouse access for semi-trailer delivery.

Where is this flex space located?

The property is located at 148 Kingspoint Blvd 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 total: 850 SF office and 650 SF warehouse; Additional 650 SF mezzanine above the office area; Renovated space with two offices, reception area and two bathrooms