Renovated Mixed-Use
New
For Sale
$399,000
320 North Boulevard, Slidell, LA 70458
MU-1 zoning supports approved commercial and residential components, subject to applicable permitting.
Property Size3,326 SF
Price / SF$119.96
Days on Market2
Property Features for 320 North Boulevard
General Information
Standard status
Active
Size
3,326 SF
Building Details
Year Built
2008
Listing Agency:
Homesmart Realty South
Listed By:
Frank Oakes
(985) 237-4356
Source:
Fiorellaavenue
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:25AM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
Built in 2008, this 3,326-square-foot property combines commercial and residential possibilities within a recently renovated setting. Its flexible configuration can accommodate approved mixed-use concepts, with MU-1 zoning governing applicable commercial and residential uses subject to permitting requirements.
The property is located at 320 North Boulevard in Slidell, approximately half a block from Robert Road. Established residential and commercial areas surround the site, with access to nearby Slidell neighborhoods and major roadways.
The property is located at 320 North Boulevard in Slidell, approximately half a block from Robert Road. Established residential and commercial areas surround the site, with access to nearby Slidell neighborhoods and major roadways.
Key Highlights
- 3,326‑square‑foot mixed‑use commercial/residential property
- Recently renovated; originally built in 2008
- MU‑1 zoning permits approved commercial and residential possibilities, subject to applicable permitting
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,424
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,480
$688.5K
Cap Rate 7%
$491,771
$491.8K
Cap Rate 9%
$382,489
$382.5K
Market Conditions
NOI Build-Up for 3,326 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.9K $18.00/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$55.1K $16.56/SF
− OpEx
−$20.7K −$6.21/SF
NOI
$34.4K $10.35/SF
Area
St. Tammany County, LA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,480
Cap Rate 7%
$491,771
Cap Rate 9%
$382,489
Alternative Uses
Best Use
Office B
$539.2K
$471.8K – $629.0K
NOI $37,741 @ 7.0% cap · market cap 9.46%
Second Best
Mixed Use
$491.8K
$430.3K – $573.7K
NOI $34,424 @ 7.0% cap · market cap 8.63%
Theoretical Best
Multifamily LT 5
$35.85M
$31.37M – $41.83M
NOI $2,509,826 @ 7.0% cap · market cap 629.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
398
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - MU-1 zoning supports approved commercial and residential components, subject to applicable permitting.
Where is this mixed-use property located?
The property is located at 320 North Boulevard Slidell, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 3,326‑square‑foot mixed‑use commercial/residential property; Recently renovated; originally built in 2008; MU‑1 zoning permits approved commercial and residential possibilities, subject to applicable permitting
