Office-Warehouse
For Sale
$405,000
68446 Tammany Trace Drive #8 9, Mandeville, LA 70471
Renovated commercial space pairs dedicated office rooms with warehouse capacity and second-floor storage.
Property Size4,006 SF
Price / SF$101.10
Days on Market52
Property Features for 68446 Tammany Trace Drive #8 9
General Information
Standard status
Active
Size
4,006 SF
Property subtype
Commercial
Zoning
HC2
Warehouse & Industrial
Warehouse Space
2,626 SF
Office Build-Out
1,380 SF
Building Details
Building Size
4,006 SF
Year Built
2008
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Sep 4
Changed: Oct 23
Last Checked: Oct 23 at 3:54PM
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 Cypress Key Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,006-square-foot office-warehouse condominium in Alamosa Office Industrial Park combines 1,380 square feet of office space with 2,626 square feet of warehouse area. The office layout includes four private offices, a reception and meeting area, two bathrooms—one with a shower—and a coffee nook. The property was built in 2008 and has been renovated and freshly painted.
Warehouse features include second-floor storage and two roll-up doors, each measuring 12 feet 5 inches by 15 feet. Off-street parking is available, and the property has HC2 zoning. Access to major thoroughfares is noted.
Warehouse features include second-floor storage and two roll-up doors, each measuring 12 feet 5 inches by 15 feet. Off-street parking is available, and the property has HC2 zoning. Access to major thoroughfares is noted.
Key Highlights
- 4,006 square feet total: 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 feet 5 inches by 15 feet
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
286
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
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial space pairs dedicated office rooms with warehouse capacity and second-floor storage.
Where is this flex space located?
The property is located at 68446 Tammany Trace Drive #8 9 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; Four private offices, reception and meeting area, two bathrooms, and a coffee nook; Two roll‑up doors measuring 12 feet 5 inches by 15 feet
