Flex Space with Office and
For Sale
$405,000
Pending
68446 TAMMANY TRACE Drive, Mandeville, LA 70471
Commercial Sale, Mandeville, LA
Property Size4,006 SF
Lot Size0.03 Acres
Days on Market52
Property Features for 68446 TAMMANY TRACE Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC2
Parking
3
Parking features
Off Street
Directions
Hwy 59 to Marion Ln. Continue on Marion Ln until Tammany Trace Dr., take a right. Second building from corner on the right.
Standard status
Pending
APN
54543
Size
4,006 SF
Lot size
0.03 Acres
Utilities
Water source
Public
Building Details
Year built
2008
Flooring type
Tile
Building materials
Brick, Metal Siding
Listing Agency:
Prime Real Estate Partners LLC · Prudential Real Estate
(504) 400-4969
Listed By:
Wendy L Touchard · License #995704709
(504) 909-7069
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 25 at 8:06PM
MLS# 2575366
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 4,006-square-foot flex condo at 68446 Tammany Trace Drive includes 1,380 square feet of office area and 2,626 square feet of warehouse space. The office portion has four private offices, reception and meeting areas, two bathrooms—one with a shower—and a coffee nook. Warehouse features include second-floor storage and two roll-up doors measuring 12'5" x 15'. The property was built in 2008 and has been renovated and freshly painted. Brick and metal siding, tile flooring, public water, and off-street parking are also noted.
Located in Alamosa Office Industrial Park in Mandeville, the property has access to major thoroughfares. It is zoned HC2.
Located in Alamosa Office Industrial Park in Mandeville, the property has access to major thoroughfares. It is zoned HC2.
Key Highlights
- 4,006 square feet total: 1,380 square feet of office and 2,626 square feet of warehouse
- Two roll‑up doors measure 12'5" x 15'
- Office area includes four private offices, reception, meeting space, and a coffee nook
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 - Renovated space combines private offices, meeting areas, and warehouse capacity with two oversized roll-up doors.
Where is this flex space located?
The property is located at 68446 TAMMANY TRACE Drive 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: 1,380 square feet of office and 2,626 square feet of warehouse; Two roll‑up doors measure 12'5" x 15'; Office area includes four private offices, reception, meeting space, and a coffee nook
