Church with Commercial
For Sale
$1,500,000
1510 LINDBERG Drive, Slidell, LA 70458
A sanctuary, classrooms, administrative rooms, and food-service facilities support a range of gathering and operating needs.
Property Size7,658 SF
Price / SF$195.87
Days on Market925
Property Features for 1510 LINDBERG Drive
General Information
Standard status
Active
Size
7,658 SF
Property subtype
COMMERCIAL
Building Details
Building Size
7,658 SF
Year Built
1983
Listing Agency:
Engel & Volkers Slidell - Mandeville
Listed By:
Erica Spano · License #S53780
(985) 960-6040
Source:
Wurthluxury
Added: Apr 23, 2024
Changed: Nov 1
Last Checked: Nov 1 at 3:00PM
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 Engel & Volkers Slidell - Mandeville
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1983, this 7,658-square-foot church property includes a sanctuary with detailed woodwork, multiple classrooms, two offices, and a meeting room. A coffee house area adjoins a commercial kitchen equipped with stainless steel appliances and cabinetry, including a refrigerator, sink, stove, and cook-and-hold unit. The property also has storage, remodeled bathrooms, a private bathroom with a shower, a newer roof, and a recently added fire escape.
The site spans over 1.5 acres and includes several parking areas. A back porch looks out toward the lake. Located at 1510 Lindberg Drive in Slidell, the property is identified as being in a highway commercial district.
The site spans over 1.5 acres and includes several parking areas. A back porch looks out toward the lake. Located at 1510 Lindberg Drive in Slidell, the property is identified as being in a highway commercial district.
Key Highlights
- Church property with 7,658 square feet on over 1.5 acres
- Sanctuary, multiple classrooms, two offices, and a meeting room
- Commercial kitchen with refrigerator, sink, stove, cook‑and‑hold unit, and stainless steel cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,907
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,738,140
$2.7M
Cap Rate 7%
$1,955,814
$2.0M
Cap Rate 9%
$1,521,189
$1.5M
Market Conditions
NOI Build-Up for 7,658 SF
Gross rent
$191.1K $24.96/SF
− Vacancy
−$8.6K −$1.12/SF
EGI
$182.5K $23.84/SF
− OpEx
−$45.6K −$5.96/SF
NOI
$136.9K $17.88/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,738,140
Cap Rate 7%
$1,955,814
Cap Rate 9%
$1,521,189
Alternative Uses
Best Use
Specialty Retail
$1.96M
$1.71M – $2.28M
NOI $136,907 @ 7.0% cap · market cap 9.13%
Second Best
Industrial
$667.9K
$584.4K – $779.2K
NOI $46,750 @ 7.0% cap · market cap 3.12%
Theoretical Best
Multifamily LT 5
$82.55M
$72.23M – $96.31M
NOI $5,778,788 @ 7.0% cap · market cap 385.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
367k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Dining 31%
Superstores 29%
Home Improvements & Furnishings 4%
Walmart
Superstores
105,193 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
36,316 visits/mo
0.4 miles
Circle K
Shops & Services
31,462 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
29,867 visits/mo
0.5 miles
RaceTrac
Shops & Services
26,358 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Church & religious facility - A sanctuary, classrooms, administrative rooms, and food-service facilities support a range of gathering and operating needs.
Where is this church & religious facility located?
The property is located at 1510 LINDBERG Drive Slidell, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Church property with 7,658 square feet on over 1.5 acres; Sanctuary, multiple classrooms, two offices, and a meeting room; Commercial kitchen with refrigerator, sink, stove, cook‑and‑hold unit, and stainless steel cabinetry
