Owner-Occupy Office and
633 VILLAGE LANE N Mandeville, LA 70471
633 VILLAGE LANE N, Mandeville, LA, 70471
$1,200,000
For Sale
$1,200,000
COMMERCIAL - Mandeville, LA
Property Size6,142 SF
Lot Size0.28 Acres
Price / SF$195.38
Days on Market136
Property Features for 633 VILLAGE LANE N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CM/RES
- Parking features
- Assigned, Garage
- Standard status
- Active
- APN
- 57925
- Size
- 6,142 SF
- Lot size
- 0.28 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 2007
- Floors in Building
- 2
Listing Agency
Keller Williams Realty Services
(985) 727-7000
1522 W. Causeway Approach, Mandeville, LA
Listed by
Bronwyn Land-Planchard
(985) 727-7000
Added: Mar 6 Updated: Jul 20 at 2:03 am Checked: Jul 20 at 9:06 pm
MLS# 2546410
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale work-live property includes commercial and residential components under a CM/RES zoning designation. The ground floor features fully leased professional office spaces with a shared waiting area, conference room, and restrooms, along with a separate storage or flex room. A warehouse area is included with bathrooms and a kitchenette, and there is also a garage and related commercial access improvements. The second level provides a 3-bedroom, 2.5-bath residential unit with multiple living areas and a screened-in balcony overlooking a tennis court and deck.
The property is situated on a 0.28-acre lot in Mandeville, within St. Tammany Parish. On-site parking includes a 21-space parking lot, a 3-car garage, large driveways, and a gated parking area sized for an RV or boat. The property has been maintained and renovated, including newer HVAC units, a 2023 roof, LiftMaster garage doors, and a tankless hot water heater.
The described building area totals 6,142 square feet, with 2,784 square feet of first-floor office space, 1,200 square feet of warehouse space, 674 square feet of garage area, and a 3,360 square foot second-floor residence.
The property is situated on a 0.28-acre lot in Mandeville, within St. Tammany Parish. On-site parking includes a 21-space parking lot, a 3-car garage, large driveways, and a gated parking area sized for an RV or boat. The property has been maintained and renovated, including newer HVAC units, a 2023 roof, LiftMaster garage doors, and a tankless hot water heater.
The described building area totals 6,142 square feet, with 2,784 square feet of first-floor office space, 1,200 square feet of warehouse space, 674 square feet of garage area, and a 3,360 square foot second-floor residence.
Key Highlights
- 8,016 SF work‑live property with fully leased 8 professional office spaces and storage/flex room
- Includes 1,200 SF warehouse with shared waiting area, conference room, bathrooms, and kitchenette (currently leased as an art studio)
- Second‑floor 3BR/2.5BA residence totals 3,360 SF with multiple living areas and screened‑in balcony overlooking the tennis court and deck
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 | $120.1k | $19.56 |
| − Vacancy | −$27.2k | −$4.43 |
| EGI | $92.9k | $15.13 |
| − OpEx | −$23.2k | −$3.78 |
| NOI | $69.7k | $11.35 |
6,142 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%
Alternative Uses
Best Use
Apartment 5plus
$57.51M
$50.32M – $67.09M
NOI $4,025,678 @ 7.0% cap · market cap 335.47%
Second Best
Office B
$995.6K
$871.2K – $1.16M
NOI $69,695 @ 7.0% cap · market cap 5.81%
Theoretical Best
Multifamily LT 5
$66.21M
$57.94M – $77.25M
NOI $4,634,802 @ 7.0% cap · market cap 386.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jack Hoffstadt and Associates
Law Firm
Nola Northshore Real ...
Real Estate Agency
Paragon Wellness
Counselor
The Pool Enclosure Guys, ...
General Contractor
Diesel Automotive Advertising
Marketing & Advertising
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FAQs
What type of property is this?
Office building - Work-live property combines ground-floor office space, a leased warehouse, and a second-floor residence with private outdoor recreation area.
Where is this office building located?
The property is located at 633 VILLAGE LANE N Mandeville, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8,016 SF work‑live property with fully leased 8 professional office spaces and storage/flex room; Includes 1,200 SF warehouse with shared waiting area, conference room, bathrooms, and kitchenette (currently leased as an art studio); Second‑floor 3BR/2.5BA residence totals 3,360 SF with multiple living areas and screened‑in balcony overlooking the tennis court and deck
