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 Market16
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
(985) 788-4993
Listed By:
Larry Haik · License #000036766
(985) 788-4993
Source:
Lacdb.resimplifi
Added: Aug 17
Changed: Aug 31
Last Checked: Aug 31 at 1:32PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Randy Self Storage Unit — 400 Joseph St, Slidell, LA 70458
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- 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
