C-2 Storefront with Flexible
For Sale
$345,000
753 Robert Boulevard, Slidell, LA 70458
Brick-and-stucco commercial building with separate utilities, multiple HVAC systems, and a blank-slate interior for reconfiguration.
Property Size2,987 SF
Price / SF$115.50
Days on Market51
Property Features for 753 Robert Boulevard
General Information
Standard status
Active
Size
2,987 SF
Zoning
C-2
Property Condition
Severity
Major Repairs Needed
Evidence
taken down to the studs
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2000
Buildings
1
Construction
steel and cinderblock
Listing Agency:
RE/MAX Professional
(225) 445-0163
Listed By:
Danielle Engels · License #43249
Source:
Dominionplace
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 28 at 8:37PM
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 RE/MAX Professional
Investment Insights
Based on property information with market context.
This 2,987-square-foot storefront property on Robert Blvd offers a largely open interior that has been taken down to the studs for a new build-out. Steel and cinderblock framing, brick and stucco finishes, separate electric meters, and multiple HVAC systems are already in place. The layout can accommodate one commercial space or two separately accessed units, subject to the planned configuration. Ceiling height is 12 feet to deck, with an estimated finished height of 10 feet depending on the build-out.
The property carries C-2 zoning and includes a cross-parking agreement covering shared parking and access. Robert Blvd frontage provides direct exposure, with access to I-12, I-10, I-59, and Hwy 190/Gause Blvd. Potential uses identified for the zoning include retail, office, and medical applications.
The property carries C-2 zoning and includes a cross-parking agreement covering shared parking and access. Robert Blvd frontage provides direct exposure, with access to I-12, I-10, I-59, and Hwy 190/Gause Blvd. Potential uses identified for the zoning include retail, office, and medical applications.
Key Highlights
- 2,987 SF storefront property on Robert Blvd
- C‑2 zoning supports retail, office, and medical uses
- Separate electric meters and multiple HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,952
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$599,040
$599.0K
Cap Rate 7%
$427,886
$427.9K
Cap Rate 9%
$332,800
$332.8K
Market Conditions
NOI Build-Up for 2,987 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.8K $15.00/SF
− Vacancy
−$2.0K −$0.68/SF
EGI
$42.8K $14.33/SF
− OpEx
−$12.8K −$4.30/SF
NOI
$30.0K $10.03/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$599,040
Cap Rate 7%
$427,886
Cap Rate 9%
$332,800
Alternative Uses
Best Use
Retail
$427.9K
$374.4K – $499.2K
NOI $29,952 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$32.20M
$28.18M – $37.57M
NOI $2,254,014 @ 7.0% cap · market cap 653.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 68%
Home Improvements & Furnishings 12%
Dining 10%
Shops & Services 10%
Walmart Neighborhood Market
Groceries
38,644 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
6,774 visits/mo
0.5 miles
Dollar General
Shops & Services
5,536 visits/mo
0.2 miles
Domino's Pizza
Dining
3,662 visits/mo
0.2 miles
Pizza Hut
Dining
2,134 visits/mo
0.3 miles
Demographics for 70458, LA
37,798
Population
17,026
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,809
Density / Sq Mi
$69,816
Median Household Income
$44,368
Median Earnings
$1,400
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Brick-and-stucco commercial building with separate utilities, multiple HVAC systems, and a blank-slate interior for reconfiguration.
Where is this storefront property located?
The property is located at 753 Robert Boulevard Slidell, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,987 SF storefront property on Robert Blvd; C‑2 zoning supports retail, office, and medical uses; Separate electric meters and multiple HVAC systems
