Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Old Mandeville Mixed-Use Opportunity Title is generated by Realmo AI

    426 LAFITTE ST, Mandeville, LA 70448

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Flexible commercial space in a high-demand, walkable location.

    Type:Retail, Office
    Lot size:
    0.28 Acres
    Added:
    May 20, 2026
    Days on Market:
    10
    Last Refresh:
    May 21 at 7:09 am

    Property Features for 426 LAFITTE ST

    General Information

    Standard status
    Active
    Lot size
    0.28 Acres
    Property subtype
    Retail, Office

    Spaces For Lease

    at 426 LAFITTE ST Contact us

    We can help!

    Listing Contact
    Mary Cheramie
    Mary Cheramie

    Listing agent Mary Cheramie License #LA 995713763

    Listing office Generations Realty Group

    Listing date May 20, 2026

    Source Crexi

    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 Generations Realty Group

    HighLights

    • Prime location in the heart of Old Mandeville, offering high walkability and demand.
    • Flexible B‑3 commercial zoning suitable for office, retail, service‑based business, or live/work use.
    • Adaptable 3‑bedroom, 2‑bath layout easily configurable for office or mixed‑use purposes.
    • Valuable improvements including a workshop, covered area, and storage shed.
    • Oversized primary closet adaptable as an additional office, conference room, or workspace.
    • Proximity to the Mandeville Trailhead and lakefront, benefiting from strong foot traffic.

    Overview

    Located in the heart of Old Mandeville, 426 Lafitte St. offers a flexible B-3 commercial opportunity. The property features a 3-bedroom, 2-bath layout adaptable to office or mixed-use configurations. An oversized primary closet can serve as an additional office, conference room, or workspace. Situated on a 100' x 120' lot, the site includes an 11' x 20' workshop, a 20' x 26' covered area suitable for storage or workspace, and a 12' x 16' storage shed. Positioned 2 blocks from the Mandeville Trailhead and 4 blocks from the lakefront, the property benefits from foot traffic and proximity to retail, dining, and community activity. It is suitable for a professional office, boutique retail, service-based business, or live/work use.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mandeville
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.0675
    Latitude
    30.358316

    Nearby Similar for Lease

    • $1,650/Mo
      1,347 SF

      Mariners Plaza Office Suite

      First-floor office suite in Mariners Plaza Office Park.
      500 MARINERS PLAZA Drive, Mandeville, LA 70448
      View Details
    • $2,784/Mo
      4,006 SF

      Move-in Ready Office/Warehouse Condo

      Renovated office/warehouse condo in Alamosa Office Industrial Park.
      68446 TAMMANY TRACE Drive, Mandeville, LA 70471
      View Details
    • $2,800/Mo
      2,576 SF

      First-Floor Office Suite For Rent

      Office suite with ground-level access in a maintained campus setting.
      500 MARINERS PLAZA Drive, Mandeville, LA 70448
      View Details
    • $2,100/Mo
      1,590 SF

      Mariners Plaza Office Suite Rental

      Second-floor office suite in Mariners Plaza Office Park available for lease.
      800 MARINERS PLAZA Drive, Mandeville, LA 70448
      View Details
    • $900/Mo
      738 SF

      Office Suite in Mariners Plaza

      First-floor office suite with ground-level access in Mandeville, LA.
      200 MARINERS PLAZA Drive, Mandeville, LA 70448
      View Details
    • $3,400/Mo
      1,884 SF

      Highway 59 Office Space

      Office space on Highway 59 with option to buy.
      4055 HIGHWAY 59, Mandeville, LA 70471
      View Details
    • $1,650/Mo
      1,347 SF

      Mariners Plaza Office Suite

      First-floor office suite in Mariners Plaza Office Park.
      509-500 Mariners Plaza Dr, Mandeville, LA
      View Details
    • $960/Mo
      180 SF

      Executive Office Suite For Lease

      All-inclusive office suites in a prime Mandeville location.
      225-2895 Highway 190, Mandeville, LA
      View Details
    • $14 SF/Yr
      3,250 SF

      Mandeville Flex Space Condo Suite

      Flex/light industrial condo suite in Alamosa Industrial Park.
      68361-2 Commercial Way South, Mandeville, LA, 70471
      View Details
    • $877/Mo
      160 SF

      Executive Office Suite in Mandeville

      All-inclusive office suites with receptionist, conference room, and fiber internet.
      220-2895 Highway 190, Mandeville, LA
      View Details
    • $2,000/Mo
      640 SF

      Commercial Cottage Space For Rent

      Commercial cottage space available in Mandeville with off-street parking.
      526 Girod St, Mandeville, LA
      View Details
    • $1,568/Mo
      1,693 SF

      Highway 59 Retail End Cap

      Retail end cap on Highway 59 with high visibility.
      68480 Highway 59 Ste 1a, Mandeville, LA, 70471-8702
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Flexible commercial space in a high-demand, walkable location.
    Where is this mixed-use property located?
    The property is located at 426 LAFITTE ST Mandeville, LA.
    What are key features of this property?
    This property features: Prime location in the heart of Old Mandeville, offering high walkability and demand.; Flexible B‑3 commercial zoning suitable for office, retail, service‑based business, or live/work use.; Adaptable 3‑bedroom, 2‑bath layout easily configurable for office or mixed‑use purposes.
    (504) 400-1893 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mary Cheramie
    Mary Cheramie
    Real Estate License ID: LA 995713763
    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

    Thank You for Inquiry
    426 LAFITTE ST, MANDEVILLE, LA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!