Multi-Tenant Professional Office
For Sale
$799,000
2210 7th St, Mandeville, LA 70448
Four-occupant configuration supports an owner-user or continued investment use near Mandeville’s main commercial area.
Property Size4,850 SF
Price / SF$164.74
Days on Market40
Property Features for 2210 7th St
General Information
Standard status
Active
Size
4,850 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Buildings
1
Tenancy
Multi
Listing Agency:
Property One, Inc.
(985) 807-4120
Listed By:
Mike D'Amico · License #000072272
Source:
Fiorellaavenue
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 8:25AM
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.
Investment Insights
Based on property information with market context.
This 4,850-square-foot professional office building was completed in 2000 and configured for four separate occupants. Three tenants currently use 100% of the building, while the layout can also accommodate an owner-user taking over part of the premises. The property offers a practical multi-office format for continued occupancy or combined ownership and business use.
Located at 2210 7th St in Mandeville, the building is just off the service road near the intersection of Hwy 22 and N Causeway. The site has some visibility from N Causeway and is near the Causeway bridge and Mandeville’s main commercial area. Tenant operations are active, so showings require advance coordination.
Located at 2210 7th St in Mandeville, the building is just off the service road near the intersection of Hwy 22 and N Causeway. The site has some visibility from N Causeway and is near the Causeway bridge and Mandeville’s main commercial area. Tenant operations are active, so showings require advance coordination.
Key Highlights
- 4,850 SF professional office building completed in 2000
- Configured for 4 tenants with 3 tenants currently using 100% of the space
- Owner‑user option to occupy part of the building
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
$55,034
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
6.89%
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%
$1,100,680
$1.1M
Cap Rate 7%
$786,200
$786.2K
Cap Rate 9%
$611,489
$611.5K
Market Conditions
NOI Build-Up for 4,850 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
$94.9K $19.56/SF
− Vacancy
−$21.5K −$4.43/SF
EGI
$73.4K $15.13/SF
− OpEx
−$18.3K −$3.78/SF
NOI
$55.0K $11.35/SF
Area
St. Tammany County, LA
Vacancy
22.65%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
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%
$1,100,680
Cap Rate 7%
$786,200
Cap Rate 9%
$611,489
Alternative Uses
Best Use
Office B
$786.2K
$687.9K – $917.2K
NOI $55,034 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$52.28M
$45.75M – $61.00M
NOI $3,659,849 @ 7.0% cap · market cap 458.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,150
Businesses Nearby
Explore this area
Business Placement
Demographics for 70448, LA
25,670
Population
10,372
Households
2.5
Avg Household Size
41
Median Age
45%
College-Educated
93%
High-School Grad
21.9 sq mi
ZIP Area
1,172
Density / Sq Mi
$88,929
Median Household Income
$50,824
Median Earnings
$1,415
Median Rent
$324,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Four-occupant configuration supports an owner-user or continued investment use near Mandeville’s main commercial area.
Where is this office building located?
The property is located at 2210 7th St Mandeville, LA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,850 SF professional office building completed in 2000; Configured for 4 tenants with 3 tenants currently using 100% of the space; Owner‑user option to occupy part of the building
