Listing Agency: ABEK Real Estate

Listed By: Lawrence Haik Show Phone

Source: Lacdb.resimplifi

Added: Apr 22 Changed: Oct 12 Last Checked: Oct 16 at 5:52AM

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Investment Insights

Based on property information with market context.

This industrial warehouse property contains 37,000 square feet within Johnny F Smith Business Park. The asset is zoned INDUSTRIAL and is located at 525 J F Smith Ave in Slidell, Louisiana.

The business park sits a couple of miles from the I-10, I-12, and I-59 interstate hub, providing connections in multiple directions. Companies identified within the park include Kentwood, Boarshead Meats, Johnstone Supply, Coburn Plumbing Supply, Acadian Ambulance, Merchant’s Metals, American Tire Distribution, and Intel Com.

Key Highlights

• 37,000‑square‑foot industrial warehouse property
• INDUSTRIAL zoning
• Located in Johnny F Smith Business Park

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$274,275

Cap Rate

7.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,485,500 $5.5M

Cap Rate 7%

$3,918,214 $3.9M

Cap Rate 9%

$3,047,500 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 37,000 SF

Gross rent

$333.0K $9.00/SF

− Vacancy

−$10.3K −$0.28/SF

EGI

$322.7K $8.72/SF

− OpEx

−$48.4K −$1.31/SF

NOI

$274.3K $7.41/SF

Area

St. Tammany County, LA

Vacancy

3.10%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,485,500

Cap Rate 7%

$3,918,214

Cap Rate 9%

$3,047,500

Alternative Uses

Best Use

Warehouse

$3.92M

$3.43M – $4.57M (±1% cap)

NOI $274,275 @ 7.0% cap · market cap 7.84%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$398.86M

$349.01M – $465.34M (±1% cap)

NOI $27,920,497 @ 7.0% cap · market cap 797.73%

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

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Auto Parts Store Nail Salon

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

89

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70460, LA

22,429

Population

9,223

Households

2.4

Avg Household Size

39

Median Age

17%

College-Educated

84%

High-School Grad

38.4 sq mi

ZIP Area

584

Density / Sq Mi

$63,413

Median Household Income

$35,197

Median Earnings

$1,208

Median Rent

$184,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial-zoned warehouse space within Johnny F Smith Business Park, positioned for regional interstate access.

Where is this warehouse located?

The property is located at 525 J F Smith Ave Slidell, LA.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 37,000‑square‑foot industrial warehouse property; INDUSTRIAL zoning; Located in Johnny F Smith Business Park