Fully Leased Multi-Suite Office
633 Asbury Drive Mandeville, LA 70471
633 Asbury Drive, Mandeville, LA, 70471
$558,000
For Sale
$558,000
Four fully leased office suites include new LVP flooring and recent carpet updates across multiple levels.
Property Size3,250 SF
Price / SF$171.69
Days on Market201
Property Features for 633 Asbury Drive
General Information
- Standard status
- Active
- Size
- 3,250 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agency
Kpg Realty, LLC
(985) 630-6746
Listed by
Nathan Templet
(985) 630-6746
Source
Nolalivingrealty
Added: Jan 1 Updated: Jul 21 at 4:38AM Checked: Jul 21 at 4:38AM
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 Kpg Realty, LLC
Investment Insights
Based on property information with market context.
This 4-suite office building is fully leased and offers a mix of first- and second-floor layouts. The first floor features two offices at 744 SF each, plus Suite A and Suite B. Suite A includes three offices, a reception area, restroom, and kitchenette, while Suite B offers two offices, a reception area, restroom, and kitchenette with a larger reception area than Suite A. Suite A has new LVP flooring installed mid-2025.
On the second floor, Suites C and D total 1,762 SF and are divided by a shared kitchen. New carpet was installed in early 2025 for these second-floor suites.
Overall, the building provides multiple suite configurations with reception areas, restrooms, and kitchenettes where applicable, supporting a straightforward office tenant occupancy plan across four suites.
On the second floor, Suites C and D total 1,762 SF and are divided by a shared kitchen. New carpet was installed in early 2025 for these second-floor suites.
Overall, the building provides multiple suite configurations with reception areas, restrooms, and kitchenettes where applicable, supporting a straightforward office tenant occupancy plan across four suites.
Key Highlights
- 4‑suite office building built in 2007, fully leased.
- $55,032 gross income reported.
- First floor has two 744 SF offices; suite A and suite B each include multiple offices plus reception, restroom, and kitchenette.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.6k | $19.56 |
| − Vacancy | −$14.4k | −$4.43 |
| EGI | $49.2k | $15.13 |
| − OpEx | −$12.3k | −$3.78 |
| NOI | $36.9k | $11.35 |
3,250 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%
Alternative Uses
Best Use
Office B
$526.8K
$461.0K – $614.7K
NOI $36,879 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$35.04M
$30.66M – $40.87M
NOI $2,452,476 @ 7.0% cap · market cap 439.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nations Reliable Lending: ...
Loan Service
Dana Duet-Champagne
Physician
Sain Associates Inc
Civil Engineer
CE Hydro
Consultant
Andre S. Judice, ...
Medical Clinic
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FAQs
What type of property is this?
Office building - Four fully leased office suites include new LVP flooring and recent carpet updates across multiple levels.
Where is this office building located?
The property is located at 633 Asbury Drive Mandeville, LA.
What is the asking price?
The asking price for this property is $558,000.
What are key features of this property?
This property features: 4‑suite office building built in 2007, fully leased.; $55,032 gross income reported.; First floor has two 744 SF offices; suite A and suite B each include multiple offices plus reception, restroom, and kitchenette.
