2075 3rd Street, Mandeville, LA 70471
Office building with showrooms and potential for multiple tenants.
- Added:
- Aug 23, 2024
- Days on Market:
- 664
- Last Refresh:
- May 12 at 9:54 pm
Property Features for 2075 3rd Street
General Information
- Standard status
- Active
- Size
- 2,821 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing agent Matt Taylor License #LA 0000006690
Listing office Property One Inc
Listing date Aug 23, 2024
Source Crexi
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 Property One Inc
HighLights
- Multiple showrooms downstairs and offices upstairs.
- Potential for dividing space for two tenants.
- Located just off Sharp Road behind Ashbury Drive.
- Kitchen included.
- Suitable for multiple office types.
- Possibility of combining residence and office.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.2k | $19.56 |
| − Vacancy | −$12.5k | −$4.43 |
| EGI | $42.7k | $15.13 |
| − OpEx | −$10.7k | −$3.78 |
| NOI | $32.0k | $11.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mandeville
- County
- St. Tammany
- State
- Louisiana
- Longitude
- -90.083884
- Latitude
- 30.398116
