Four-Office Commercial
For Sale
$525,000
Pending
4055 Highway 59, Mandeville, LA 70471
Flexible office layout with reception, display, workspace, and private office areas for an operating business.
Property Size1,884 SF
Days on Market362
Property Features for 4055 Highway 59
General Information
Standard status
Pending
Size
1,884 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Scoggin Properties, Inc.
(985) 867-8670
Listed By:
Steve Scoggin · License #000011318
(985) 373-0019
Source:
Exprealty
Added: Oct 14, 2025
Changed: Oct 4
Last Checked: Oct 9 at 8:31PM
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 Scoggin Properties, Inc.
Investment Insights
Based on property information with market context.
This 1,884-square-foot office unit is arranged with two larger areas that can support work, reception, display, or office functions, along with two additional smaller offices. The configuration provides a mix of open and private workspace within a compact commercial setting.
The property is located at 4055 Highway 59 in Mandeville, between I-12 and Fontainebleau High School. It is offered for sale, and the seller will consider a lease structure that includes an option to buy.
The property is located at 4055 Highway 59 in Mandeville, between I-12 and Fontainebleau High School. It is offered for sale, and the seller will consider a lease structure that includes an option to buy.
Key Highlights
- 1,884‑square‑foot office unit at 4055 Highway 59, Mandeville, LA
- Two larger work, reception, display, or office areas
- Two smaller private offices
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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
316
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout with reception, display, workspace, and private office areas for an operating business.
Where is this office units 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‑foot office unit at 4055 Highway 59, Mandeville, LA; Two larger work, reception, display, or office areas; Two smaller private offices
