Building Details

Year built 1998

Floors in Building 1

Listing Agency: 1 Percent Lists k***@1percentlists.com Show Phone

Listed By: Taylor Dossett Finn Show Phone

Added: Jun 4 Changed: Oct 21 Last Checked: Oct 24 at 6:06PM

Report an Issue

MLS# 2561233

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This mixed-use property includes an approximately 1,850-square-foot building arranged with four separate rooms, a bathroom, and a central main area. The flexible interior is identified for potential restaurant, warehouse, retail, office, or mixed-use applications. The property is being sold as-is.

Major improvements completed in 2026 include a new roof, full exterior stucco, and a new garage door. The approximately 0.57-acre parcel provides room for parking, equipment storage, outdoor operations, or future expansion. The property carries NK zoning, is served by a well, and was built in 1998.

Located at 76101 HWY 435 SPUR in Talisheek, Louisiana, the property offers road frontage and is situated in St. Tammany Parish. Buyers are to verify zoning, utilities, measurements, and intended use.

Key Highlights

• Approximately 1,850‑square‑foot building with four separate rooms, a bathroom, and a spacious main area
• Approximately 0.57 acres with road frontage
• 2026 improvements include a new roof, fresh exterior stucco, and a new garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,148

Cap Rate

5.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$382,960 $383.0K

Cap Rate 7%

$273,543 $273.5K

Cap Rate 9%

$212,756 $212.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,850 SF

Gross rent

$33.3K $18.00/SF

− Vacancy

−$2.7K −$1.44/SF

EGI

$30.6K $16.56/SF

− OpEx

−$11.5K −$6.21/SF

NOI

$19.1K $10.35/SF

Area

St. Tammany County, LA

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$382,960

Cap Rate 7%

$273,543

Cap Rate 9%

$212,756

Alternative Uses

Best Use

Mixed Use

$273.5K

$239.4K – $319.1K (±1% cap)

NOI $19,148 @ 7.0% cap · market cap 5.49%

Second Best

Flex RnD

$249.7K

$218.5K – $291.3K (±1% cap)

NOI $17,478 @ 7.0% cap · market cap 5.01%

Theoretical Best

Multifamily LT 5

$19.94M

$17.45M – $23.27M (±1% cap)

NOI $1,396,025 @ 7.0% cap · market cap 400.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Lease Details

Yes

Paved road access

Location Intelligence

Demographics for 70464, LA

220

Population

137

Households

1.6

Avg Household Size

39

Median Age

34%

High-School Grad

3.4 sq mi

ZIP Area

65

Density / Sq Mi

$11,188

Median Household Income

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The building includes four rooms, a bathroom, and a central main area for adaptable commercial or residential configurations.

Where is this mixed-use property located?

The property is located at 76101 HWY 435 SPUR Talisheek, LA.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Approximately 1,850‑square‑foot building with four separate rooms, a bathroom, and a spacious main area; Approximately 0.57 acres with road frontage; 2026 improvements include a new roof, fresh exterior stucco, and a new garage door