Warehouse with Interstate
For Sale
$600,000
56681 Garrett Rd, Slidell, LA 70458
I-1-zoned warehouse with an existing tenant and frontage along a service road.
Property Size6,500 SF
Price / SF$92.31
Days on Market61
Property Features for 56681 Garrett Rd
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Industrial
Zoning
I-1
Site & Location
Traffic Count
80,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Buildings
1
Listing Agency:
ABEK Real Estate
Listed By:
Lawrence Haik
(985) 788-4993
Source:
Lacdb.resimplifi
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 16 at 5:55AM
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 ABEK Real Estate
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Investment Insights
Based on property information with market context.
This 6,500-square-foot warehouse is positioned on an I-1-zoned commercial property and is currently occupied by a tenant. The building is offered for sale, with access for inspections and showings arranged by appointment.
The property fronts an interstate and is located along a service road at 56681 Garrett Rd in Slidell, Louisiana. The site is adjacent to the Town Center Development, placing the building within an area identified for ongoing development. Interstate exposure is reported at nearly 80,0000 vehicles per day. Prospective visitors should not approach the tenant directly; appointments are coordinated through the listing agent.
The property fronts an interstate and is located along a service road at 56681 Garrett Rd in Slidell, Louisiana. The site is adjacent to the Town Center Development, placing the building within an area identified for ongoing development. Interstate exposure is reported at nearly 80,0000 vehicles per day. Prospective visitors should not approach the tenant directly; appointments are coordinated through the listing agent.
Key Highlights
- 6,500‑square‑foot warehouse building
- I‑1 zoning
- Interstate‑fronting location along a service road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,184
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,680
$963.7K
Cap Rate 7%
$688,343
$688.3K
Cap Rate 9%
$535,378
$535.4K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$58.5K $9.00/SF
− Vacancy
−$1.8K −$0.28/SF
EGI
$56.7K $8.72/SF
− OpEx
−$8.5K −$1.31/SF
NOI
$48.2K $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%
$963,680
Cap Rate 7%
$688,343
Cap Rate 9%
$535,378
Alternative Uses
Best Use
Retail
$931.1K
$814.7K – $1.09M
NOI $65,179 @ 7.0% cap · market cap 10.86%
Second Best
Warehouse
$688.3K
$602.3K – $803.1K
NOI $48,184 @ 7.0% cap · market cap 8.03%
Theoretical Best
Multifamily LT 5
$70.07M
$61.31M – $81.75M
NOI $4,904,952 @ 7.0% cap · market cap 817.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
80,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70458, LA
37,798
Population
17,026
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,809
Density / Sq Mi
$69,816
Median Household Income
$44,368
Median Earnings
$1,400
Median Rent
$227,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Randy Self Storage Unit — 400 Joseph St, Slidell, LA 70458
- Old Spanish Trail Mini Storage — 1821 Old Spanish Trail, Slidell, LA 70458
- Discount Trailer Parts Direct Extension — 56724 dwyer st, slidell, la 70458
- Southern Self Storage — 606 Voters Rd, Slidell, LA 70461
Frequently Asked Questions
What type of property is this?
Warehouse - I-1-zoned warehouse with an existing tenant and frontage along a service road.
Where is this warehouse located?
The property is located at 56681 Garrett Rd Slidell, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 6,500‑square‑foot warehouse building; I‑1 zoning; Interstate‑fronting location along a service road
