For Sale
$699,000
68446 Tammany Trace Dr, Mandeville, LA 70471
Flex space
Property Size4,664 SF
Price / SF$149.87
Days on Market197
Property Features for 68446 Tammany Trace Dr
General Information
Standard status
Active
Size
4,664 SF
Building Details
Year Built
2004
Listing Agency:
KPG Realty, LLC
Listed By:
Brent Cordell · License #995690890
(985) 373-6417
Source:
Fiorellaavenue
Added: Mar 26
Changed: Sep 25
Last Checked: Oct 7 at 5:09PM
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 KPG Realty, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- 4664 SF Industrial Office/Warehouse
- 1018 SF Warehouse space with 3 rollup doors
- 3646 SF office space with multiple offices, reception areas, kitchens, and bathrooms on two floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,064
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,280
$881.3K
Cap Rate 7%
$629,486
$629.5K
Cap Rate 9%
$489,600
$489.6K
Market Conditions
NOI Build-Up for 4,664 SF
Gross rent
$70.0K $15.00/SF
− Vacancy
−$2.2K −$0.47/SF
EGI
$67.8K $14.54/SF
− OpEx
−$23.7K −$5.09/SF
NOI
$44.1K $9.45/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,280
Cap Rate 7%
$629,486
Cap Rate 9%
$489,600
Alternative Uses
Best Use
Flex RnD
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 6.30%
Second Best
Industrial
$406.7K
$355.9K – $474.5K
NOI $28,472 @ 7.0% cap · market cap 4.07%
Theoretical Best
Multifamily LT 5
$50.28M
$43.99M – $58.66M
NOI $3,519,492 @ 7.0% cap · market cap 503.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Acadiana Manna — 69142 LA-59 suite f, Mandeville, LA 70471
Frequently Asked Questions
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 $699,000.
What are key features of this property?
This property features: 4664 SF Industrial Office/Warehouse; 1018 SF Warehouse space with 3 rollup doors; 3646 SF office space with multiple offices, reception areas, kitchens, and bathrooms on two floors
