Metal Warehouse with Office Units

269 General Patton Avenue Mandeville, LA 70471

Claim this Listing
For Sale
$795,000

4,900 sq ft metal warehouse and office with two roll-up doors, divided into two warehouse units with office and ADA bathrooms.

Type:Commercial
Property size:
4,900 SF
Price / SF:
$162/SF
Added:
Jun 26, 2026
Days on Market:
16
Last Refresh:
Jul 11 at 3:02 am

Property Features for 269 General Patton Avenue

General Information

Standard status
Active
Size
4,900 SF
Property subtype
Commercial

Building Details

Year Built
2024

Listing office Keller Williams Realty Services

Listing date Jun 26, 2026

Source Nolalivingrealty

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 Services


Investment Insights

Based on property information with market context.

A 1-year-young, all-metal warehouse with attached office space, totaling approximately 4,900 sq ft. The building is divided into two separate warehouse units: Unit 1 includes about 2,100 sq ft of air-conditioned warehouse space, about 1,000 sq ft of office, and two ADA bathrooms. Unit 2 provides about 1,800 sq ft of warehouse space with one ADA bathroom. Both units feature two 12' x 12' roll-up doors, with one door being electric, and the structure has insulated walls and ceiling. The property also includes a grease trap for potential commercial kitchen use.

The site is zoned I2 industrial. The smaller 1,800 sq ft warehouse (Unit 2) is currently leased. The current owner/occupant of the larger space is expected to be out within 45–60 days. For financing, owner financing is available with a minimum 20% down payment. The property is located in Mandeville off Hwy 59 along the I-12 corridor, with easy access to I-59, I-55, and I-10, and it offers plenty of parking.

Key Highlights

  • 4,900 SF all‑metal warehouse and office built in 2024, divided into two warehouse units
  • Unit 1 (2,100 SF) includes air‑conditioned warehouse, 1,000 SF office space, and two ADA bathrooms
  • Unit 2 (1,800 SF) is a warehouse with one ADA bathroom; smaller unit is currently leased

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $95.8k $19.56
− Vacancy −$21.7k −$4.43
EGI $74.1k $15.13
− OpEx −$18.5k −$3.78
NOI $55.6k $11.35
4,900 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%

Alternative Uses

Best Use
Office B
$794.3K
$695.0K – $926.7K (±1% cap)
NOI $55,602 @ 7.0% cap · market cap 6.99%
Second Best
Warehouse
$518.9K
$454.0K – $605.4K (±1% cap)
NOI $36,323 @ 7.0% cap · market cap 4.57%
Theoretical Best
Multifamily LT 5
$52.82M
$46.22M – $61.63M (±1% cap)
NOI $3,697,579 @ 7.0% cap · market cap 465.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pharmacy Computer & Electronic Repair Catering Service Butcher Garden Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Windward Group — 265 general patton ave, mandeville, la 70471
  • Equity Storage Condos — 243 General Patton Ave, Mandeville, LA 70471
  • Viridis Open Air Storage — 22129 Marshall Rd, Mandeville, LA 70471
  • Storage Rentals of America — 69201 LA-59, Mandeville, LA 70471

FAQs

What type of property is this?
Warehouse - 4,900 sq ft metal warehouse and office with two roll-up doors, divided into two warehouse units with office and ADA bathrooms.
Where is this warehouse located?
The property is located at 269 General Patton Avenue Mandeville, LA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 4,900 SF all‑metal warehouse and office built in 2024, divided into two warehouse units; Unit 1 (2,100 SF) includes air‑conditioned warehouse, 1,000 SF office space, and two ADA bathrooms; Unit 2 (1,800 SF) is a warehouse with one ADA bathroom; smaller unit is currently leased
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