Building Details

Year built 2010

Building materials Block

Buildings 1

Listing Agency: Keller Williams Realty Serv. l***@kw.com Show Phone

Listed By: William Joshua Frederick · License #912124137 Show Phone

Added: May 19 Changed: Oct 23 Last Checked: Oct 31 at 11:06AM

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MLS# 2558954

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Located at 3003 Pontchartrain Drive in Slidell, this 1,200-square-foot retail condominium is part of the Kennedy Center, a seven-unit shopping center. Built in 2010, the unit has an open interior plan and two bathrooms. Block construction, a parking lot, public water, and public sewer serve the property.

The property is zoned HC-4. Its open layout is suited to retail, professional office, medical, or personal service use.

Key Highlights

• 1,200‑square‑foot retail condominium at 3003 Pontchartrain Drive, Slidell
• Part of the Kennedy Center, a seven‑unit shopping center
• Open layout and two bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,033

Cap Rate

8.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$240,660 $240.7K

Cap Rate 7%

$171,900 $171.9K

Cap Rate 9%

$133,700 $133.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$18.0K $15.00/SF

− Vacancy

−$810 −$0.68/SF

EGI

$17.2K $14.33/SF

− OpEx

−$5.2K −$4.30/SF

NOI

$12.0K $10.03/SF

Area

St. Tammany County, LA

Vacancy

4.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$240,660

Cap Rate 7%

$171,900

Cap Rate 9%

$133,700

Alternative Uses

Best Use

Retail

$171.9K

$150.4K – $200.6K (±1% cap)

NOI $12,033 @ 7.0% cap · market cap 8.02%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$12.94M

$11.32M – $15.09M (±1% cap)

NOI $905,530 @ 7.0% cap · market cap 603.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Jackson Hewitt Tax ... Accounting Firm

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Real Estate Agency Grocery & Convenience Store Veterinary Clinic Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

666

Businesses Nearby

90k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 41% Dining 29% Shops & Services 23% Home Improvements & Furnishings 5%

Walmart Neighborhood Market Groceries

36,562 visits/mo 0.3 miles

McDonald's Dining

16,275 visits/mo 0.5 miles

Quick Stop Shops & Services

7,826 visits/mo 0.1 miles

Shell Shops & Services

6,164 visits/mo 0.4 miles

SONIC Drive In Dining

5,042 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - The interior configuration supports retail, office, medical, and personal service operations.

Where is this retail space located?

The property is located at 3003 PONTCHARTRAIN Drive 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 retail condominium at 3003 Pontchartrain Drive, Slidell; Part of the Kennedy Center, a seven‑unit shopping center; Open layout and two bathrooms