Mixed-Use Property with
For Sale
$825,000
2236/2238 1st Street, Slidell, LA 70458
Ground-floor commercial space sits below residential quarters, with a separate workshop equipped with electricity and air conditioning.
Property Size4,493 SF
Lot Size0.33 Acres
Price / SF$183.62
Days on Market224
Property Features for 2236/2238 1st Street
General Information
Standard status
Active
Size
4,493 SF
Total Parking Spaces
20
Lot size
0.33 Acres
Property subtype
Commercial
Zoning
com
Additional Details
Property Use
Mixed-Use
Amenities
balcony
covered porch
workshop
ornamental iron gates
privacy fencing
Building Details
Building Size
4,493 SF
Year Built
1980
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Todd Pichon · License #995701142
(985) 710-1018
Source:
Cypresskeyrealty
Added: Mar 16
Changed: Oct 23
Last Checked: Oct 23 at 5:22PM
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 Keller Williams Realty Services
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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 mixed-use property combines commercial space at street level with residential living upstairs. A separate 28' x 20' workshop has electricity and air conditioning. Outdoor features include a 16' x 30' second-floor balcony and a covered porch of matching dimensions. The parcel measures 1/3 acre, with parking for up to 20 vehicles.
At 2236/2238 1st Street in Slidell, the property is positioned on the parade route in Olde Towne. Its combination of commercial and residential areas, workshop, and on-site parking provides several distinct components within one property.
At 2236/2238 1st Street in Slidell, the property is positioned on the parade route in Olde Towne. Its combination of commercial and residential areas, workshop, and on-site parking provides several distinct components within one property.
Key Highlights
- Mixed‑use layout with commercial space on the ground floor and residential area above
- 1/3‑acre parcel with parking for up to 20 vehicles
- 28' x 20' workshop equipped with electricity and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,983
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,660
$1.0M
Cap Rate 7%
$728,329
$728.3K
Cap Rate 9%
$566,478
$566.5K
Market Conditions
NOI Build-Up for 4,493 SF
Gross rent
$87.9K $19.56/SF
− Vacancy
−$19.9K −$4.43/SF
EGI
$68.0K $15.13/SF
− OpEx
−$17.0K −$3.78/SF
NOI
$51.0K $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 Rate 5%
$1,019,660
Cap Rate 7%
$728,329
Cap Rate 9%
$566,478
Alternative Uses
Best Use
Office B
$728.3K
$637.3K – $849.7K
NOI $50,983 @ 7.0% cap · market cap 6.18%
Second Best
Mixed Use
$664.3K
$581.3K – $775.1K
NOI $46,503 @ 7.0% cap · market cap 5.64%
Theoretical Best
Multifamily LT 5
$48.44M
$42.38M – $56.51M
NOI $3,390,454 @ 7.0% cap · market cap 410.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 70458, LA
37,798
Population
17,026
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,809
Density / Sq Mi
$69,816
Median Household Income
$44,368
Median Earnings
$1,400
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space sits below residential quarters, with a separate workshop equipped with electricity and air conditioning.
Where is this mixed-use property located?
The property is located at 2236/2238 1st Street Slidell, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Mixed‑use layout with commercial space on the ground floor and residential area above; 1/3‑acre parcel with parking for up to 20 vehicles; 28' x 20' workshop equipped with electricity and air conditioning
