Office Unit with Conference
For Sale
Contact for pricing
2270 7th Street, Mandeville, LA 70471
Furnished workspace includes a conference room, bullpen area, four desks, and a bathroom.
Property Size1,200 SF
Price / SF$0.92
Days on Market76
Property Features for 2270 7th Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
NC-1
Space & Availability
Floor
2
Furnished
Yes
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Building Size
1,200 SF
Year Built
2010
Listing Agency:
KPG Realty, LLC
(985) 629-3500
Listed By:
Brent W Cordell · License #995690890
(985) 373-6417
Source:
Cypresskeyrealty
Added: Aug 17
Changed: Oct 30
Last Checked: Oct 29 at 9:07PM
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 KPG Realty, LLC
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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 1,200-square-foot office unit occupies the second floor of a building completed in 2010. The furnished space includes a conference room with a large table, a bullpen area arranged with four desks, and a bathroom. A landlord-proposed alternative would add two to three offices.
The property is in Mandeville, near I-12 and Hwy 190, and is zoned NC-1.
The property is in Mandeville, near I-12 and Hwy 190, and is zoned NC-1.
Key Highlights
- 1,200 square feet on the second floor
- Furnished conference room with a large table
- Bullpen area set up with 4 desks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,617
Suggested Prices Based on Cap Rates
Cap Rate 5%
$272,340
$272.3K
Cap Rate 7%
$194,529
$194.5K
Cap Rate 9%
$151,300
$151.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$23.5K $19.56/SF
− Vacancy
−$5.3K −$4.43/SF
EGI
$18.2K $15.13/SF
− OpEx
−$4.5K −$3.78/SF
NOI
$13.6K $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%
$272,340
Cap Rate 7%
$194,529
Cap Rate 9%
$151,300
Alternative Uses
Best Use
Office B
$194.5K
$170.2K – $227.0K
NOI $13,617 @ 7.0% cap · market cap 1,237.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.94M
$11.32M – $15.09M
NOI $905,530 @ 7.0% cap · market cap 82,320.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 70471, LA
23,334
Population
10,341
Households
2.3
Avg Household Size
43
Median Age
52%
College-Educated
96%
High-School Grad
28.9 sq mi
ZIP Area
807
Density / Sq Mi
$96,510
Median Household Income
$52,523
Median Earnings
$1,282
Median Rent
$370,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Furnished workspace includes a conference room, bullpen area, four desks, and a bathroom.
Where is this office unit located?
The property is located at 2270 7th Street Mandeville, LA.
What are key features of this property?
This property features: 1,200 square feet on the second floor; Furnished conference room with a large table; Bullpen area set up with 4 desks
