Office Suite with Conference
For Sale
Contact for pricing
2270 7th Street #2A, Mandeville, LA 70471
The property is off Highway 190 and near Interstate 12 in Mandeville.
Property Size1,200 SF
Price / SF$1.08
Days on Market74
Property Features for 2270 7th Street #2A
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
com
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Building Size
1,200 SF
Year Built
2010
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Aug 17
Changed: Oct 26
Last Checked: Oct 26 at 3:36AM
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 Cypress Key Realty LLC
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office suite was built in 2010 and includes four offices, a conference room, an open bullpen and one bathroom. The mix of enclosed rooms and shared work area provides several distinct spaces within the suite.
The office is located off Highway 190 in Mandeville, close to Interstate 12. Zoning is listed as com.
The office is located off Highway 190 in Mandeville, close to Interstate 12. Zoning is listed as com.
Key Highlights
- 1,200 SF office suite
- Four offices, a conference room and a spacious bullpen
- One bathroom
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 1,047.46%
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 69,656.15%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The property is off Highway 190 and near Interstate 12 in Mandeville.
Where is this office unit located?
The property is located at 2270 7th Street #2A Mandeville, LA.
What are key features of this property?
This property features: 1,200 SF office suite; Four offices, a conference room and a spacious bullpen; One bathroom
