Fully Leased Shopping
For Sale
$3,250,000
1705 N Causeway Blvd, Mandeville, LA 70471
Highway Commercial-zoned center with eight established tenants and full occupancy.
Property Size16,083 SF
Price / SF$202.08
Days on Market123
Property Features for 1705 N Causeway Blvd
General Information
Standard status
Active
Size
16,083 SF
Property subtype
Retail
Zoning
HIGHWAY COMMERCIAL
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Nations Real Estate Services L
(985) 789-1816
Listed By:
Bryan Pigeon
(985) 789-1816
Source:
Lacdb.resimplifi
Added: May 1
Changed: Aug 30
Last Checked: Aug 31 at 1:24PM
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 Nations Real Estate Services L
Investment Insights
Based on property information with market context.
This 16,083-square-foot shopping center is fully leased to eight tenants, including the Office of Motor Vehicles Center. Tenant tenure ranges from at least 5 years to predominantly 10–25 years, providing an established occupancy profile. Five of the eight tenants are extending their leases.
The property is zoned HIGHWAY COMMERCIAL and operates with a net-lease structure for most occupants. Each lessee handles its own HVAC and pays net charges, while the state lease is the exception to those arrangements. The center is located at 1705 N Causeway Blvd in Mandeville, Louisiana.
The property is zoned HIGHWAY COMMERCIAL and operates with a net-lease structure for most occupants. Each lessee handles its own HVAC and pays net charges, while the state lease is the exception to those arrangements. The center is located at 1705 N Causeway Blvd in Mandeville, Louisiana.
Key Highlights
- 16,083‑square‑foot shopping center at 1705 N Causeway Blvd, Mandeville, LA 70471
- 100% leased to 8 tenants, including the Office of Motor Vehicles Center
- Tenant occupancy ranges from at least 5 years to predominantly 10–25 years
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
$161,272
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
4.96%
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%
$3,225,440
$3.2M
Cap Rate 7%
$2,303,886
$2.3M
Cap Rate 9%
$1,791,911
$1.8M
Market Conditions
NOI Build-Up for 16,083 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
$241.2K $15.00/SF
− Vacancy
−$10.9K −$0.68/SF
EGI
$230.4K $14.33/SF
− OpEx
−$69.1K −$4.30/SF
NOI
$161.3K $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 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%
$3,225,440
Cap Rate 7%
$2,303,886
Cap Rate 9%
$1,791,911
Alternative Uses
Best Use
Retail
$2.30M
$2.02M – $2.69M
NOI $161,272 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$173.38M
$151.70M – $202.27M
NOI $12,136,361 @ 7.0% cap · market cap 373.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
120k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Home Improvements & Furnishings 29%
Shops & Services 24%
Beauty & Spa 2%
HomeGoods
Home Improvements & Furnishings
34,127 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
25,551 visits/mo
0.3 miles
McDonald's
Dining
20,750 visits/mo
0.3 miles
Chevron
Shops & Services
12,616 visits/mo
0.4 miles
Chicken Salad Chick
Dining
6,917 visits/mo
0.4 miles
Demographics for 70471, LA
23,334
Population
10,341
Households
2.3
Avg Household Size
43
Median Age
52%
College-Educated
96%
High-School Grad
28.9 sq mi
ZIP Area
807
Density / Sq Mi
$96,510
Median Household Income
$52,523
Median Earnings
$1,282
Median Rent
$370,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sunglass Hut — 2875 U.S. Hwy 190, Mandeville, LA 70471
- Parkview Plaza — LA-22, Mandeville, LA 70471
- Premier Centre — US-190 & N Causeway Blvd, Mandeville, LA 70471
- Northlake Shopping Center — 1814 N Causeway Blvd, Mandeville, LA 70471
- Causeway Place Shopping Center — 1703 N Causeway Blvd, Mandeville, LA 70471
Frequently Asked Questions
What type of property is this?
Shopping center - Highway Commercial-zoned center with eight established tenants and full occupancy.
Where is this shopping center located?
The property is located at 1705 N Causeway Blvd Mandeville, LA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 16,083‑square‑foot shopping center at 1705 N Causeway Blvd, Mandeville, LA 70471; 100% leased to 8 tenants, including the Office of Motor Vehicles Center; Tenant occupancy ranges from at least 5 years to predominantly 10–25 years
