Mixed-Use Property with
For Sale
$1,200,000
633 VILLAGE LANE N, Mandeville, LA 70471
Commercial, Mandeville, LA
Property Size8,016 SF
Lot Size0.28 Acres
Price / SF$195.38
Days on Market229
Property Features for 633 VILLAGE LANE N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM/RES
Parking features
Garage, Assigned
Subdivision
Beau Rivage
Lot features
Regular
Standard status
Active
APN
57925
Size
6,142 SF
Lot size
0.28 Acres
Utilities
Water source
Public
Amenities
shared waiting area
conference room
kitchenette
screened-in balcony
tennis court
deck
Building Details
Year built
2007
Floors in Building
2
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Bronwyn Land-Planchard
(504) 717-6757
Added: Mar 6
Changed: Oct 21
Last Checked: Oct 21 at 3:06PM
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.
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Investment Insights
Based on property information with market context.
This mixed-use property brings together eight professional office suites, a warehouse, shared conference and waiting areas, bathrooms, a kitchenette, and storage or flex space. The second floor contains a 3,360-square-foot residence with three bedrooms, 2.5 bathrooms, several living areas, and a screened balcony overlooking a tennis court and deck. The ground-floor offices and warehouse are leased; the residence is available for furnished lease. The building was constructed in 2007 and has a 2023 roof, newer HVAC units, LiftMaster garage doors, and a tankless water heater.
The 0.28-acre site is zoned CM/RES and includes a 21-space parking lot, a three-car garage, driveways, and a gated area for RV or boat parking. Public water serves the property.
The 0.28-acre site is zoned CM/RES and includes a 21-space parking lot, a three-car garage, driveways, and a gated area for RV or boat parking. Public water serves the property.
Key Highlights
- Eight professional office suites, plus storage or flex space
- Warehouse space is currently leased as an art studio
- 3,360‑square‑foot residence with 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,695
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,900
$1.4M
Cap Rate 7%
$995,643
$995.6K
Cap Rate 9%
$774,389
$774.4K
Market Conditions
NOI Build-Up for 6,142 SF
Gross rent
$120.1K $19.56/SF
− Vacancy
−$27.2K −$4.43/SF
EGI
$92.9K $15.13/SF
− OpEx
−$23.2K −$3.78/SF
NOI
$69.7K $11.35/SF
Area
St. Tammany County, LA
Vacancy
22.65%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,900
Cap Rate 7%
$995,643
Cap Rate 9%
$774,389
Alternative Uses
Best Use
Office B
$995.6K
$871.2K – $1.16M
NOI $69,695 @ 7.0% cap · market cap 5.81%
Second Best
Mixed Use
$908.1K
$794.6K – $1.06M
NOI $63,570 @ 7.0% cap · market cap 5.30%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 70471, LA
23,334
Population
10,341
Households
2.3
Avg Household Size
43
Median Age
52%
College-Educated
96%
High-School Grad
28.9 sq mi
ZIP Area
807
Density / Sq Mi
$96,510
Median Household Income
$52,523
Median Earnings
$1,282
Median Rent
$370,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites, warehouse space, and an upper-level home combine commercial and residential functions in one property.
Where is this mixed-use property 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: Eight professional office suites, plus storage or flex space; Warehouse space is currently leased as an art studio; 3,360‑square‑foot residence with 3 bedrooms and 2.5 bathrooms
