Building Details

Year Built 2020

Buildings 1

Listing Agency: KELLER WILLIAMS REALTY 455-0100

Listed By: Patty Bradford · License #54027 Show Phone

Source: Fiorellaavenue

Added: Aug 17 Changed: Oct 4 Last Checked: Oct 7 at 2:48PM

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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 455-0100

Investment Insights

Based on property information with market context.

This 7,683-square-foot medical office property was built in 2020 and offers a flexible interior for professional or healthcare operations. Recent work includes fresh paint, some new flooring, and one brand-new climate-control unit with complete interior and exterior components. The layout can support a unified office environment or conversion to multi-tenant executive suites.

Located at 2240 E Gause Boulevard in Slidell, the building is near Ochsner Northshore Hospital. A newly striped parking lot and circle driveway provide on-site vehicle capacity along with space for loading and unloading. The property’s configuration is suited to medical office, corporate office, and independent professional users.

Key Highlights

• 7,683‑square‑foot medical office property
• Built in 2020
• Fresh paint and some new flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,181

Cap Rate

8.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,743,620 $1.7M

Cap Rate 7%

$1,245,443 $1.2M

Cap Rate 9%

$968,678 $968.7K

Market Conditions

NOI Build-Up for 7,683 SF

Gross rent

$150.3K $19.56/SF

− Vacancy

−$34.0K −$4.43/SF

EGI

$116.2K $15.13/SF

− OpEx

−$29.1K −$3.78/SF

NOI

$87.2K $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%

$1,743,620

Cap Rate 7%

$1,245,443

Cap Rate 9%

$968,678

Alternative Uses

Best Use

Healthcare Medical

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,676 @ 7.0% cap · market cap 9.72%

Second Best

Office B

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,181 @ 7.0% cap · market cap 8.76%

Theoretical Best

Multifamily LT 5

$82.82M

$72.47M – $96.63M (±1% cap)

NOI $5,797,653 @ 7.0% cap · market cap 582.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Dr. Ileana J. ... Physician Dr. Hans E. ... Physician Endocrinology Medical Clinic Dr. Dennis M. ... Physician Dr. Francisco J. ... Physician

Suggested Use

Top Pick Law Firm Restaurant Spa & Massage Center Building Supply Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

838

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70461, LA

30,740

Population

12,900

Households

2.4

Avg Household Size

39

Median Age

31%

College-Educated

89%

High-School Grad

53.5 sq mi

ZIP Area

575

Density / Sq Mi

$88,035

Median Household Income

$48,351

Median Earnings

$1,201

Median Rent

$267,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Fresh paint, some new flooring, and updated climate control support professional or medical office use.

Where is this medical office space located?

The property is located at 2240 E Gause Boulevard Slidell, LA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 7,683‑square‑foot medical office property; Built in 2020; Fresh paint and some new flooring