Open-Layout Retail
For Sale
$150,000
3003 Pontchartrain Dr, Slidell, LA 70458
Commercial condominium with an open plan, two bathrooms, and flexible retail or office use potential.
Property Size1,200 SF
Price / SF$125
Days on Market89
Property Features for 3003 Pontchartrain Dr
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
2010
Listing Agency:
Keller Williams Realty Services
Listed By:
Will Frederick · License #0912124137
(225) 939-6072
Source:
Dominionplace
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 7 at 2:51PM
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
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Investment Insights
Based on property information with market context.
Unit 3003 is a 1,200-square-foot commercial condominium within the Kennedy Center, a seven-unit strip shopping center completed in 2010. The space offers an open interior arrangement and two bathrooms, supporting retail, professional office, medical, and personal service uses. HC-4 zoning is associated with the property.
The condo is located at 3003 Pontchartrain Drive in Slidell, Louisiana. Property features include on-site parking, visibility within the center, and neighboring tenant occupancy. The configuration provides a straightforward option for an owner-user or investor seeking a flexible commercial space.
The condo is located at 3003 Pontchartrain Drive in Slidell, Louisiana. Property features include on-site parking, visibility within the center, and neighboring tenant occupancy. The configuration provides a straightforward option for an owner-user or investor seeking a flexible commercial space.
Key Highlights
- 1,200‑square‑foot commercial condo in the Kennedy Center
- Open layout with two bathrooms
- Located within a seven‑unit strip shopping center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,617
Cap Rate
9.08%
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 9.08%
Second Best
Retail
$171.9K
$150.4K – $200.6K
NOI $12,033 @ 7.0% cap · market cap 8.02%
Theoretical Best
Multifamily LT 5
$12.94M
$11.32M – $15.09M
NOI $905,530 @ 7.0% cap · market cap 603.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 70458, LA
37,798
Population
17,026
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,809
Density / Sq Mi
$69,816
Median Household Income
$44,368
Median Earnings
$1,400
Median Rent
$227,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial condominium with an open plan, two bathrooms, and flexible retail or office use potential.
Where is this retail space located?
The property is located at 3003 Pontchartrain Dr Slidell, LA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,200‑square‑foot commercial condo in the Kennedy Center; Open layout with two bathrooms; Located within a seven‑unit strip shopping center
