Building Details

Year Built 2008

Listing Agency: Homesmart Realty South

Listed By: Frank Oakes Show Phone

Source: Dominionplace

Added: Sep 2 Changed: Oct 14 Last Checked: Oct 19 at 12:28PM

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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.

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 / Yr

$34,424

Cap Rate

8.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$688,480 $688.5K

Cap Rate 7%

$491,771 $491.8K

Cap Rate 9%

$382,489 $382.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,326 SF

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 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 (±1% cap)

NOI $37,741 @ 7.0% cap · market cap 9.46%

Second Best

Mixed Use

$491.8K

$430.3K – $573.7K (±1% cap)

NOI $34,424 @ 7.0% cap · market cap 8.63%

Theoretical Best

Multifamily LT 5

$35.85M

$31.37M – $41.83M (±1% cap)

NOI $2,509,826 @ 7.0% cap · market cap 629.03%

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

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Big Box & Wholesale Store Building Supply

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

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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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