Flex Space with Separate
For Sale
$345,000
753 ROBERT Boulevard, Slidell, LA 70458
Commercial, Slidell, LA
Property Size2,987 SF
Price / SF$115.50
Days on Market122
Property Features for 753 ROBERT Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
Castle Manor
Lot features
Regular
Standard status
Active
APN
139016
Size
2,987 SF
Taxes and HOA fees
Tax Description
CASTLE MANOR LT(PT OF 161-162) UN2
Legal Description
CASTLE MANOR LT(PT OF 161-162) UN2
Utilities
Water source
Public
Amenities
separate meters
multiple HVAC systems
cross-parking agreement
Building Details
Year built
2000
Floors in Building
1
Listing Agency:
RE/MAX Professional · RE/MAX International
(225) 615-7755
Listed By:
Danielle Engels · License #43249
(225) 445-0163
Added: May 11
Changed: Sep 6
Last Checked: Sep 9 at 12:06AM
MLS# 2557591
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,987-square-foot flex property offers a steel and cinderblock structure with brick and stucco exterior finishes. The interior has been opened to the studs, creating a blank canvas for a new build-out. Separate electric meters, private entrances, and multiple HVAC systems support a configuration with one or two commercial spaces. The building has 12-foot ceiling height to the deck, with an estimated 10-foot finished height depending on the final build-out.
Zoned C2, the property supports retail, office, and medical use categories identified in the listing. A cross-parking agreement provides shared parking and access. The site is positioned on Robert Boulevard in Slidell, with access to I-12, I-10, I-59, and Hwy 190/Gause Boulevard. Public water service is in place, and the building was constructed in 2000.
Zoned C2, the property supports retail, office, and medical use categories identified in the listing. A cross-parking agreement provides shared parking and access. The site is positioned on Robert Boulevard in Slidell, with access to I-12, I-10, I-59, and Hwy 190/Gause Boulevard. Public water service is in place, and the building was constructed in 2000.
Key Highlights
- 2,987 SF flex property on Robert Boulevard
- C2 zoning supports retail, office, and medical uses
- Separate electric meters and private entrances
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
Flex RnD
$403.1K
$352.8K – $470.3K
NOI $28,220 @ 7.0% cap · market cap 8.18%
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
12 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial 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?
Flex space - C2-zoned commercial building prepared for a customized rebuild with independent utility service and multiple HVAC systems.
Where is this flex space 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 flex property on Robert Boulevard; C2 zoning supports retail, office, and medical uses; Separate electric meters and private entrances
