Office Building with Multiple
For Sale
$525,000
Pending
4055 HIGHWAY 59, Mandeville, LA 70471
Commercial Sale, Mandeville, LA
Property Size1,884 SF
Lot Size0.36 Acres
Days on Market378
Property Features for 4055 HIGHWAY 59
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM
Parking features
Parking Lot
Directions
from Mandeviile take Hwy 59 North. Building on right before Interstate I-12
Standard status
Pending
APN
42140
Size
1,884 SF
Lot size
0.36 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Description
LOT 3 DEVAL ESTATES SEC B
Legal Description
LOT 3 DEVAL ESTATES SEC B
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Water source
Well
Building Details
Year built
1995
Building materials
Stucco, Vinyl Siding
Listing Agency:
Scoggin Properties, Inc. · Weichert
(985) 867-8670
Listed By:
Steve Scoggin · License #000011318
(985) 373-0019
Added: Oct 14, 2025
Changed: Oct 23
Last Checked: Oct 26 at 7:06AM
MLS# 2526381
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.
This 1,884-square-foot office property contains two larger rooms suited to work, reception, display, or office use, along with two smaller offices. Built in 1995, the building has stucco and vinyl siding and sits on a 0.3566-acre lot. A parking lot serves the property, and commercial zoning is designated COM.
The property fronts Highway 59 between I-12 and Fontainebleau High School. Natural gas is available; water is supplied by a well and wastewater is handled by a septic tank. A lease with an option to purchase may be considered.
The property fronts Highway 59 between I-12 and Fontainebleau High School. Natural gas is available; water is supplied by a well and wastewater is handled by a septic tank. A lease with an option to purchase may be considered.
Key Highlights
- 1,884 square feet with two large rooms and two smaller offices
- 0.3566‑acre lot with parking lot
- On Highway 59 between I‑12 and Fontainebleau High School
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,378
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,560
$427.6K
Cap Rate 7%
$305,400
$305.4K
Cap Rate 9%
$237,533
$237.5K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$36.9K $19.56/SF
− Vacancy
−$8.3K −$4.43/SF
EGI
$28.5K $15.13/SF
− OpEx
−$7.1K −$3.78/SF
NOI
$21.4K $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%
$427,560
Cap Rate 7%
$305,400
Cap Rate 9%
$237,533
Alternative Uses
Best Use
Office B
$305.4K
$267.2K – $356.3K
NOI $21,378 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$20.31M
$17.77M – $23.69M
NOI $1,421,682 @ 7.0% cap · market cap 270.80%
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
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 70471, LA
23,334
Population
10,341
Households
2.3
Avg Household Size
43
Median Age
52%
College-Educated
96%
High-School Grad
28.9 sq mi
ZIP Area
807
Density / Sq Mi
$96,510
Median Household Income
$52,523
Median Earnings
$1,282
Median Rent
$370,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Four office areas accommodate work, reception, display, and private office functions.
Where is this office building located?
The property is located at 4055 HIGHWAY 59 Mandeville, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,884 square feet with two large rooms and two smaller offices; 0.3566‑acre lot with parking lot; On Highway 59 between I‑12 and Fontainebleau High School
