Multi-Office
4408 Highway 22, Mandeville, LA 70471
For Sale
$475,000
A flexible office layout accommodates medical, legal, and other professional practices.
Property Size3,040 SF
Price / SF$156.25
Days on Market8
Property Features for 4408 Highway 22
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Building Size
Listing Agency:
United Real Estate Partners
(985) 256-5500
Listed By:
Kenneth C Delahoussaye · License #995688308
(985) 966-8323
Source:
Exprealty
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 6 at 11:43AM
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 United Real Estate Partners
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Investment Insights
Based on property information with market context.
The 3,040-square-foot office building contains multiple offices arranged in a flexible layout. Its configuration supports medical, legal, and other professional office uses.
The property is at 4408 Highway 22 in Mandeville, with on-site parking and access from the highway.
The property is at 4408 Highway 22 in Mandeville, with on-site parking and access from the highway.
Key Highlights
- 3,040‑square‑foot office building
- Multiple offices in a flexible layout
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,496
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,920
$689.9K
Cap Rate 7%
$492,800
$492.8K
Cap Rate 9%
$383,289
$383.3K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$59.5K $19.56/SF
− Vacancy
−$13.5K −$4.43/SF
EGI
$46.0K $15.13/SF
− OpEx
−$11.5K −$3.78/SF
NOI
$34.5K $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%
$689,920
Cap Rate 7%
$492,800
Cap Rate 9%
$383,289
Alternative Uses
Best Use
Office B
$492.8K
$431.2K – $574.9K
NOI $34,496 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$32.77M
$28.68M – $38.23M
NOI $2,294,008 @ 7.0% cap · market cap 482.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
944
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
$370,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in St. Tammany County, LA
Properties on Market for Office buildings in St. Tammany County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout accommodates medical, legal, and other professional practices.
Where is this office building located?
The property is located at 4408 Highway 22 Mandeville, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,040‑square‑foot office building; Multiple offices in a flexible layout; On‑site parking
