Grocery Store with Butcher
1640 OLD SPANISH TRL, Slidell, LA 70458
For Sale
Contact for pricing
A walk-in cooler, refrigerated display cases, and meat-processing equipment remain with the building.
Property Size1,300 SF
Price / SF$192.31
Days on Market12
Property Features for 1640 OLD SPANISH TRL
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Building Details
Buildings
Listing Agency:
Stirling
Listed By:
Daniel Cook · License LA #995713150
(985) 246-3795
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 5:07PM
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
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Investment Insights
Based on property information with market context.
The 1,300-square-foot commercial building is equipped for food retail, with a walk-in cooler, freezers, meat grinders, refrigerated display cases, refrigerators, an ice machine, butcher tables, and other processing equipment. A recently installed roof is another building improvement. The property previously operated as a specialty meat business, and the equipment is included in the sale.
The site fronts Old Spanish Trail, with a reported traffic count of approximately 15,986 vehicles per day. I-10 is less than 0.6 miles away. Two curb cuts and a wraparound drive provide site access and circulation. Fremaux Town Center, with approximately 640,000 square feet of shopping and dining, is nearby, along with residential, hospitality, and employment uses.
The site fronts Old Spanish Trail, with a reported traffic count of approximately 15,986 vehicles per day. I-10 is less than 0.6 miles away. Two curb cuts and a wraparound drive provide site access and circulation. Fremaux Town Center, with approximately 640,000 square feet of shopping and dining, is nearby, along with residential, hospitality, and employment uses.
Key Highlights
- 1,300‑square‑foot building with butcher and refrigeration equipment included
- Equipment includes a walk‑in cooler, freezers, meat grinders, refrigerated display cases, and butcher tables
- Newly installed roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,036
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,720
$260.7K
Cap Rate 7%
$186,229
$186.2K
Cap Rate 9%
$144,844
$144.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$19.5K $15.00/SF
− Vacancy
−$878 −$0.68/SF
EGI
$18.6K $14.33/SF
− OpEx
−$5.6K −$4.30/SF
NOI
$13.0K $10.03/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,720
Cap Rate 7%
$186,229
Cap Rate 9%
$144,844
Alternative Uses
Best Use
Specialty Retail
$332.0K
$290.5K – $387.4K
NOI $23,241 @ 7.0% cap · market cap 9.30%
Second Best
Retail
$186.2K
$163.0K – $217.3K
NOI $13,036 @ 7.0% cap · market cap 5.21%
Theoretical Best
—
—
same as Best Use
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
Lease Details
15,986 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
7k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Hotels & Casinos 38%
Shops & Services 6%
Waffle House
Dining
4,157 visits/mo
0.5 miles
Super 8 by Wyndham Slidell
Hotels & Casinos
2,822 visits/mo
0.5 miles
Safelite AutoGlass
Shops & Services
472 visits/mo
0.3 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?
Grocery and convenience store - A walk-in cooler, refrigerated display cases, and meat-processing equipment remain with the building.
Where is this grocery and convenience store located?
The property is located at 1640 OLD SPANISH TRL Slidell, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,300‑square‑foot building with butcher and refrigeration equipment included; Equipment includes a walk‑in cooler, freezers, meat grinders, refrigerated display cases, and butcher tables; Newly installed roof
