Two-Building Drug Store
For Sale
$585,000
2230 Gause Blvd E, Slidell, LA 70460
The 4,387-square-foot property includes a drive-through and office-oriented interior improvements.
Property Size4,387 SF
Price / SF$133.35
Days on Market76
Property Features for 2230 Gause Blvd E
General Information
Standard status
Active
Size
4,387 SF
Amenities
Conference Room
break room
executive offices
file room
reception area
waiting room
Building Details
Buildings
2
Listing Agency:
ABEK Real Estate
(985) 788-4993
Listed By:
Lawrence Haik
(985) 788-4993
Source:
Exprealty
Added: May 20
Changed: Aug 3
Last Checked: Aug 3 at 4:10AM
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 ABEK Real Estate
Investment Insights
Based on property information with market context.
This 4,387-square-foot drug store property comprises two buildings at 2230 Gause Blvd E in Slidell, Louisiana. The front structure previously operated as a pharmacy and includes a drive-through, while the rear building was configured for law firm use. Existing interior areas include a conference room, break room, executive offices, file room, reception area, and waiting room.
The property is positioned along Gause Blvd. East among established restaurants, medical businesses, and other long-term commercial occupants. The site is described as having strong traffic volume, access, and surrounding demographics. Its two-building layout and mix of retail and office-oriented improvements provide a varied existing configuration for continued commercial use.
The property is positioned along Gause Blvd. East among established restaurants, medical businesses, and other long-term commercial occupants. The site is described as having strong traffic volume, access, and surrounding demographics. Its two-building layout and mix of retail and office-oriented improvements provide a varied existing configuration for continued commercial use.
Key Highlights
- Two‑building property totaling 4,387 square feet
- Front building includes a former pharmacy layout and drive‑through
- Rear building was configured for law firm use
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 | $85.8k | $19.56 |
| − Vacancy | −$19.4k | −$4.43 |
| EGI | $66.4k | $15.13 |
| − OpEx | −$16.6k | −$3.78 |
| NOI | $49.8k | $11.35 |
4,387 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.12M
$980.4K – $1.31M
NOI $78,429 @ 7.0% cap · market cap 13.41%
Second Best
Office B
$711.1K
$622.3K – $829.7K
NOI $49,780 @ 7.0% cap · market cap 8.51%
Theoretical Best
Multifamily LT 5
$47.29M
$41.38M – $55.17M
NOI $3,310,465 @ 7.0% cap · market cap 565.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70460, LA
22,429
Population
9,223
Households
2.4
Avg Household Size
39
Median Age
17%
College-Educated
84%
High-School Grad
38.4 sq mi
ZIP Area
584
Density / Sq Mi
$63,413
Median Household Income
$35,197
Median Earnings
$1,208
Median Rent
$184,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Louisiana Center for Advanced Medicine — 2053 Gause Blvd E Suite 200, Slidell, LA 70461
- Aspen Clinic — 2055 Gause Blvd E UNIT 400, Slidell, LA 70461
- The House of Sprays — 59015 Amber St Ste A-2, Slidell, LA 70461
- Princess Lash — 59015 Amber St A4, Slidell, LA 70461
- CVS Pharmacy — 2103 Gause Blvd E, Slidell, LA 70461, United States
Frequently Asked Questions
What type of property is this?
Drug store - The 4,387-square-foot property includes a drive-through and office-oriented interior improvements.
Where is this drug store located?
The property is located at 2230 Gause Blvd E Slidell, LA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑building property totaling 4,387 square feet; Front building includes a former pharmacy layout and drive‑through; Rear building was configured for law firm use
