Office Unit with Conference
For Sale
Contact for pricing
2a-2270 7th St, Mandeville, LA 70471
Four offices, a conference room, bullpen, and bathroom provide a functional commercial workspace.
Property Size1,200 SF
Price / SF$1.08
Days on Market65
Property Features for 2a-2270 7th St
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Highway Access
Yes
Amenities
conference room
Listing Agency:
KPG Realty, LLC
(985) 629-3500
Listed By:
Brent Cordell · License #995690890
(985) 373-6417
Source:
Exprealty
Added: Aug 17
Changed: Oct 8
Last Checked: Oct 19 at 12:35PM
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
Ask AI about this property
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 SF office unit includes four offices, a conference room, an open bullpen, and one bathroom. The layout combines enclosed office areas with shared workspace and meeting space within a single commercial suite.
The property is situated off Hwy 190 in Mandeville, with proximity to Interstate 12. Its office-oriented configuration and mix of private rooms, collaborative area, and conference space provide a straightforward setup for a business office operation.
The property is situated off Hwy 190 in Mandeville, with proximity to Interstate 12. Its office-oriented configuration and mix of private rooms, collaborative area, and conference space provide a straightforward setup for a business office operation.
Key Highlights
- 1,200 SF office unit
- Four offices plus a conference room
- Spacious bullpen area
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,048
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Four offices, a conference room, bullpen, and bathroom provide a functional commercial workspace.
Where is this office unit located?
The property is located at 2a-2270 7th St Mandeville, LA.
What are key features of this property?
This property features: 1,200 SF office unit; Four offices plus a conference room; Spacious bullpen area
