Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3015 E CAUSEWAY APPROACH Mandeville, LA 70448

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,500,000

    Retail center shadow-anchored by Walmart Neighborhood grocery.

    Type:Commercial/Industrial
    Lot size:
    2.50 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    22
    Last Refresh:
    Mar 26 at 11:45 pm

    Property Features for 3015 E CAUSEWAY APPROACH

    General Information

    Standard status
    Active
    Lot size
    2.50 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Bradley Cook

    Listing agent Bradley Cook License #995712511

    Listing office Stirling Properties

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Stirling Properties

    Overview

    Retail Center Value-Add Opportunity

    This retail center presents a value-add opportunity. The current tenancy includes Albasha Express, Subway, Town Crier, and O-Wheelies. The property is shadow-anchored by a Walmart Neighborhood grocery. It is located on a busy signalized intersection, offering excellent visibility.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Mandeville Marketplace — 521 N Causeway Blvd, Mandeville, LA 70448
    • Magnolia Plaza — 2655 Florida St, Mandeville, LA 70448
    • Coinstar Kiosk | Bitcoin ATM — Rouses Market, 3461 E Causeway Approach, Mandeville, LA 70448

    Location Insight

    • Map
    • Local Demand
    City
    Mandeville
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.0892
    Latitude
    30.3739

    Nearby Similar for Sale

    • $1,231,000
      120 SF

      Established Auto Repair Business For Sale

      Turn-key auto repair business with building, land, and equipment.
      765 ASBURY Drive, Mandeville, LA 70471
      View Details
    • $3,400,000
      1,413 SF

      Waterfront Marina with Income Potential

      Income-producing marina with cottage on 3.1 acres overlooking Lake Pontchartrain.
      206 & 212 ATALIN Street, Mandeville, LA 70448
      View Details
    • $1,995,000

      Class A Office Building

      Move-in ready office building near Interstate 12 in Mandeville.
      68031 CAPITAL TRACE Row, Mandeville, LA 70471
      View Details
    • $624,000
      1,884 SF

      Highway 59 Commercial Opportunity

      Commercial space on Highway 59, suitable for various business ventures.
      4055 HIGHWAY 59 Highway, Mandeville, LA 70471
      View Details
    • $1,800
      1,120 SF

      Office with Storage Warehouse

      Office space with warehouse in Mandeville, Louisiana.
      22475 HWY 1088 None, Mandeville, LA 70448
      View Details
    • $1,890,000
      5,456 SF

      Versatile Property Near Lake Pontchartrain

      Bed & Breakfast or private residence near Mandeville lakefront.
      124 LAFITTE ST Street, Mandeville, LA 70448
      View Details
    • $1,200,000
      6,142 SF

      Mandeville Work-Live Commercial Property

      Commercial offices, warehouse, and residence with tennis court.
      633 VILLAGE LANE N Lane, Mandeville, LA 70471
      View Details
    • $2,750,000
      17,718 SF

      Renovated Office Building For Sale

      17,718 SF renovated office building with national tenant.
      233 GENERAL PATTON Avenue, Mandeville, LA 70471
      View Details
    • $440,000
      3,600 SF

      Professional Office Space Available

      Office space in a professional corridor with convenient Causeway access.
      1011 N CAUSEWAY Boulevard 17-20, Mandeville, LA 70471
      View Details
    • $585,000
      2,750 SF

      Mandeville Office Units For Sale

      Two office units in excellent Mandeville location for sale.
      1170 W Causeway Approach, Mandeville, LA 70471
      View Details
    • $1,890,000
      3,468 SF

      Old Mandeville Bed & Breakfast

      Hospitality and residential flexibility near Lake Pontchartrain.
      124 Lafitte, Mandeville, LA 70448
      View Details
    • $1,724,700
      5,749 SF

      Beau Chene Office Park Building

      Mixed-use building in a large subdivision, customizable to buyer.
      102 Fountainbleau Drive, A, Mandeville, LA 70471
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center shadow-anchored by Walmart Neighborhood grocery.
    Where is this shopping center located?
    The property is located at 3015 E CAUSEWAY APPROACH Mandeville, LA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Value‑Add Opportunity; Shadow‑Anchored by Walmart Neighborhood Grocery; Located on a Busy, Signalized Intersection with Excellent Visibility
    (985) 898-2022
    We can help!
    Listing Contact
    Bradley Cook
    Real Estate License ID: 995712511
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!