Mixed-Use Property with
For Sale
$1,200,000
633 VILLAGE LANE N, Mandeville, LA 70471
Commercial Sale, Mandeville, LA
Property Size8,016 SF
Lot Size0.28 Acres
Price / SF$195.38
Days on Market231
Property Features for 633 VILLAGE LANE N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM/RES
Parking
3
Parking features
Assigned, Parking Lot
Standard status
Active
APN
57925
Size
6,142 SF
Lot size
0.28 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office/Warehouse
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Amenities
conference room
balcony
tennis court
Building Details
Year built
2007
Floors in Building
2
Building materials
Brick, Shake Siding
Buildings
1
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Bronwyn Alison Land-Planchard · License #995706464
(504) 717-6757
Added: Mar 6
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2546410
Copyright © 2026 ROAM MLS. 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 2007 mixed-use property brings together eight ground-floor professional office spaces, a warehouse, and an upper-level residence with three bedrooms, two full bathrooms, and a half bath. Shared building features include a waiting area, conference room, bathrooms, and kitchenette. The residence also has multiple living areas and a screened balcony facing the tennis court and deck.
The 0.28-acre site includes a 21-space parking lot, a three-car garage, large driveways, and a gated area for RV or boat parking. The offices and warehouse are leased to professional businesses and an art studio. Building improvements include a 2023 roof and newer HVAC units.
The 0.28-acre site includes a 21-space parking lot, a three-car garage, large driveways, and a gated area for RV or boat parking. The offices and warehouse are leased to professional businesses and an art studio. Building improvements include a 2023 roof and newer HVAC units.
Key Highlights
- Eight professional office spaces and a warehouse are currently leased
- Three‑bedroom, 2.5‑bath residence with multiple living areas and a screened balcony
- 21‑space parking lot, three‑car garage, large driveways, and gated RV or boat parking
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
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
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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 - CM/RES-zoned property combines professional office space, a warehouse, and a three-bedroom residence.
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 spaces and a warehouse are currently leased; Three‑bedroom, 2.5‑bath residence with multiple living areas and a screened balcony; 21‑space parking lot, three‑car garage, large driveways, and gated RV or boat parking
