Gause East Medical
For Sale
$1,015,000
2365 Gause Boulevard, Slidell, LA 70461
Medical facility with preferred floor plan in high-demand area.
Property Size6,350 SF
Price / SF$159.84
Days on Market172
Property Features for 2365 Gause Boulevard
General Information
Standard status
Active
Size
6,350 SF
Property subtype
Commercial
Zoning
comm
Building Details
Building Size
6,350 SF
Year Built
2000
Listing Agency:
Abek Real Estate
(985) 259-4605
Listed By:
Lawrence Haik · License #000036766
Source:
Nolalivingrealty
Added: Mar 4
Changed: Aug 23
Last Checked: Jul 27 at 1:31PM
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 Abek Real Estate
Investment Insights
Based on property information with market context.
This medical facility on Gause Boulevard East features a floor plan designed by doctors. The layout includes a reception area, nurses' station, and access to exam rooms. The property contains a laboratory, a full bathroom, two file rooms, and a laundry room. It also features two nurses' stations, a kitchen and break room, five half bathrooms, five offices, and thirteen exam rooms. Thirty-eight parking spaces are available. The property is located in a high-demand area of the Slidell community, surrounded by professional and medical offices.
Key Highlights
- Excellent medical floor plan designed by doctors.
- Located in a high‑demand area of Slidell, surrounded by medical and professional offices.
- Thirteen Exam Rooms.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,903
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,598,060
$1.6M
Cap Rate 7%
$1,141,471
$1.1M
Cap Rate 9%
$887,811
$887.8K
Market Conditions
NOI Build-Up for 6,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$139.4K $21.96/SF
− Vacancy
−$6.3K −$0.99/SF
EGI
$133.2K $20.97/SF
− OpEx
−$53.3K −$8.39/SF
NOI
$79.9K $12.58/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,598,060
Cap Rate 7%
$1,141,471
Cap Rate 9%
$887,811
Alternative Uses
Best Use
Healthcare Medical
$1.14M
$998.8K – $1.33M
NOI $79,903 @ 7.0% cap · market cap 7.87%
Second Best
Office B
$1.03M
$900.7K – $1.20M
NOI $72,055 @ 7.0% cap · market cap 7.10%
Theoretical Best
Multifamily LT 5
$68.45M
$59.90M – $79.86M
NOI $4,791,761 @ 7.0% cap · market cap 472.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
703
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blust Wayne E DVM — 2190 Gause Blvd, Slidell, LA 70461
- Dr Nicholas J Milazo — 2190 gause blvd, slidell, la 70461
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical facility with preferred floor plan in high-demand area.
Where is this medical office space located?
The property is located at 2365 Gause Boulevard Slidell, LA.
What is the asking price?
The asking price for this property is $1,015,000.
What are key features of this property?
This property features: Excellent medical floor plan designed by doctors.; Located in a high‑demand area of Slidell, surrounded by medical and professional offices.; Thirteen Exam Rooms.
