Office Unit with Conference
For Sale
Contact for pricing
2270 7th Street #2B, 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 Market74
Property Features for 2270 7th Street #2B
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:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Aug 17
Changed: Oct 25
Last Checked: Oct 26 at 3:51AM
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 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 #2B 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
