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 Market168
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:
Clavier Realty Group LLC
Listed By:
Bryan Pigeon
(985) 789-1816
Source:
Lacdb.resimplifi
Added: May 1
Changed: Oct 11
Last Checked: Oct 14 at 7:49PM
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 Clavier Realty Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$161,272
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
