Office Building with Backup
For Sale
$1,995,000
68031 Capital Trace Row, Mandeville, LA 70471
Fully leased office property with whole-building emergency power and a concrete parking area with covered spaces.
Property Size9,977 SF
Price / SF$199.96
Days on Market76
Property Features for 68031 Capital Trace Row
General Information
Standard status
Active
Size
9,977 SF
Class
Class A
Total Parking Spaces
2
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
landscaped
gas generator
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Keller Williams Realty Services
Listed By:
Caleb Mayeaux, Dale Mayeaux
Source:
Fiorellaavenue
Added: Aug 1
Changed: Oct 8
Last Checked: Oct 7 at 2:44PM
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 Keller Williams Realty Services
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Investment Insights
Based on property information with market context.
This 9,977-square-foot office building is fully leased under a 10-year contract and includes a gas generator connected to a transfer switch that can power the entire building. The property is landscaped and has a concrete parking lot with two covered parking spaces.
The building is located at 68031 Capital Trace Row in Mandeville, Louisiana, near Interstate 12. It is designated Flood Zone X. The prior office use included attorney offices, while the current lease provides occupancy under the existing contract.
The building is located at 68031 Capital Trace Row in Mandeville, Louisiana, near Interstate 12. It is designated Flood Zone X. The prior office use included attorney offices, while the current lease provides occupancy under the existing contract.
Key Highlights
- 9,977‑square‑foot office building
- Fully leased under a 10‑year contract
- Gas generator and transfer switch serve the entire building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,211
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,264,220
$2.3M
Cap Rate 7%
$1,617,300
$1.6M
Cap Rate 9%
$1,257,900
$1.3M
Market Conditions
NOI Build-Up for 9,977 SF
Gross rent
$195.2K $19.56/SF
− Vacancy
−$44.2K −$4.43/SF
EGI
$150.9K $15.13/SF
− OpEx
−$37.7K −$3.78/SF
NOI
$113.2K $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%
$2,264,220
Cap Rate 7%
$1,617,300
Cap Rate 9%
$1,257,900
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,211 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$107.55M
$94.11M – $125.48M
NOI $7,528,724 @ 7.0% cap · market cap 377.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
286
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office property with whole-building emergency power and a concrete parking area with covered spaces.
Where is this office building located?
The property is located at 68031 Capital Trace Row Mandeville, LA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 9,977‑square‑foot office building; Fully leased under a 10‑year contract; Gas generator and transfer switch serve the entire building
