Furnished Second-Floor Office
For Sale
Contact for pricing
2b-2270 7th St, Mandeville, LA 70471
Ready-to-use workspace with a conference room, bullpen area, four desks, and a bathroom.
Property Size1,200 SF
Price / SF$0.92
Days on Market66
Property Features for 2b-2270 7th St
General Information
Standard status
Active
Size
1,200 SF
Space & Availability
Floor
2
Furnished
Yes
Additional Details
Highway Access
Yes
Listing Agency:
KPG Realty, LLC
(985) 629-3500
Listed By:
Brent Cordell · License #995690890
(985) 373-6417
Source:
Exprealty
Added: Aug 17
Changed: Oct 7
Last Checked: Oct 20 at 10:27PM
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-square-foot office unit occupies the second floor and is offered with furnishings in place. The layout includes a conference room with a large conference table, an open bullpen area configured with four desks, and a bathroom. The space also provides a practical starting point for an office user seeking an existing setup rather than an unfinished shell.
The property is in Mandeville near I-12 and Hwy 190, providing access to two established regional routes. A landlord buildout option for 2-3 offices is also identified, allowing the configuration to be adapted beyond the current open-plan arrangement.
The property is in Mandeville near I-12 and Hwy 190, providing access to two established regional routes. A landlord buildout option for 2-3 offices is also identified, allowing the configuration to be adapted beyond the current open-plan arrangement.
Key Highlights
- 1,200 sf second‑floor office unit
- Furnishings included with existing office setup
- Conference room with large conference table
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.
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 - Ready-to-use workspace with a conference room, bullpen area, four desks, and a bathroom.
Where is this office unit located?
The property is located at 2b-2270 7th St Mandeville, LA.
What are key features of this property?
This property features: 1,200 sf second‑floor office unit; Furnishings included with existing office setup; Conference room with large conference table
