Renovated Office-Warehouse
For Sale
$405,000
Pending
68446 Tammany Trace Dr, Mandeville, LA 70471
A separated office and warehouse layout includes private offices, meeting space, storage, and loading access.
Property Size4,006 SF
Days on Market56
Property Features for 68446 Tammany Trace Dr
General Information
Standard status
Pending
Size
4,006 SF
Warehouse & Industrial
Warehouse Space
2,626 SF
Office Build-Out
1,380 SF
Amenities
coffee nook
Listing Agency:
Prime Real Estate Partners LLC
(504) 400-4969
Listed By:
Wendy L Touchard · License #995704709
(504) 909-7069
Source:
Exprealty
Added: Sep 4
Changed: Oct 28
Last Checked: Oct 28 at 2:41PM
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 Prime Real Estate Partners LLC
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Investment Insights
Based on property information with market context.
This 4,006-square-foot flex condo combines approximately 1,380 square feet of office space with a 2,626-square-foot warehouse. The office layout has four private offices, a reception and meeting area, two bathrooms—one with a shower—and a coffee nook. The warehouse includes second-floor storage and two roll-up doors measuring 12′5″ by 15′. The property has been renovated and freshly painted.
Off-street parking serves the property, which is located in Alamosa Office Industrial Park with access to major thoroughfares. The configuration brings office, storage, and warehouse functions together within one unit.
Off-street parking serves the property, which is located in Alamosa Office Industrial Park with access to major thoroughfares. The configuration brings office, storage, and warehouse functions together within one unit.
Key Highlights
- 4,006 square feet total, including approximately 1,380 square feet of office and 2,626 square feet of warehouse
- Four private offices, reception and meeting area, two bathrooms, and a coffee nook
- Two roll‑up doors measuring 12′5″ x 15′
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,696
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,920
$593.9K
Cap Rate 7%
$424,229
$424.2K
Cap Rate 9%
$329,956
$330.0K
Market Conditions
NOI Build-Up for 4,006 SF
Gross rent
$36.1K $9.00/SF
− Vacancy
−$1.1K −$0.28/SF
EGI
$34.9K $8.72/SF
− OpEx
−$5.2K −$1.31/SF
NOI
$29.7K $7.41/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,920
Cap Rate 7%
$424,229
Cap Rate 9%
$329,956
Alternative Uses
Best Use
Flex RnD
$540.7K
$473.1K – $630.8K
NOI $37,848 @ 7.0% cap · market cap 9.35%
Second Best
Warehouse
$424.2K
$371.2K – $494.9K
NOI $29,696 @ 7.0% cap · market cap 7.33%
Theoretical Best
Multifamily LT 5
$43.19M
$37.79M – $50.38M
NOI $3,022,960 @ 7.0% cap · market cap 746.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Well-served
Demand for This Use
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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 Industrial in South region
Similar Off Market Nearby
- Acadiana Manna — 69142 LA-59 suite f, Mandeville, LA 70471
Frequently Asked Questions
What type of property is this?
Flex space - A separated office and warehouse layout includes private offices, meeting space, storage, and loading access.
Where is this flex space located?
The property is located at 68446 Tammany Trace Dr Mandeville, LA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 4,006 square feet total, including approximately 1,380 square feet of office and 2,626 square feet of warehouse; Four private offices, reception and meeting area, two bathrooms, and a coffee nook; Two roll‑up doors measuring 12′5″ x 15′
