Building Details

Year built 1998

Floors in Building 1

Building materials Stucco

Buildings 1

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

Listed By: Taylor Renee Dossett Finn · License #995718439 Show Phone

Added: Jun 4 Changed: Oct 23 Last Checked: Oct 24 at 6:06PM

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MLS# 2561233

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This mixed-use property includes an approximately 1,850-square-foot building on about 0.57 acres. The interior has four separate rooms, a bathroom, and a larger central area. Stucco covers the exterior, and a parking lot is present. The building was constructed in 1998.

The property is addressed on HWY 435 SPUR in Talisheek. Work completed in 2026 included roof replacement, exterior stucco work, and installation of a garage door. Water is supplied by a well, and the property uses a septic tank. The sale is as-is; zoning is identified as NK.

Key Highlights

• Approximately 1,850‑square‑foot building on about 0.57 acres
• Interior includes four rooms, a bathroom, and a larger central area
• Roof, exterior stucco, and garage door improvements completed in 2026

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

—

—

no second resolved use

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

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Open Analytics

Current Use

Mixed-use properties

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - A flexible interior combines four rooms with a larger central area and a bathroom.

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 on about 0.57 acres; Interior includes four rooms, a bathroom, and a larger central area; Roof, exterior stucco, and garage door improvements completed in 2026