Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Retail Complex on Highway Title is generated by Realmo AI

    2758 LA-59, Mandeville, LA 70448

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New retail suites available in high-traffic area on Highway 59.

    Type:Retail, Restaurant
    Property size:
    5,770 SF
    Added:
    Aug 24, 2023
    Days on Market:
    994
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 2758 LA-59

    General Information

    Standard status
    Active
    Size
    5,770 SF
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 2758 LA-59 Contact us

    Suite: 1 $20 /Mo

    Size
    Type
    Retail, Restaurant
    Space Available:1,125 SfnMax Contiguous:5,770 SfnLease Rate:$20 psfn1,125 SF: $20...
    show more
    Contact us

    We can help!

    Listing Contact
    Brent Cordell

    Listing agent Brent Cordell License #LA

    Listing office KPG Realty

    Listing date Aug 24, 2023

    Source Crexi

    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 KPG Realty

    HighLights

    • High‑traffic location on Highway 59.
    • Newly constructed in 2023.
    • HC2 zoning allows for a range of business types.
    • Ample parking available.
    • Suites available in various sizes (1,125 to 5,770 sq ft).
    • Vanilla shell delivery allows for customized build‑out.

    Overview

    This newly constructed retail complex is located on Highway 59 and offers suites designed for various businesses, including boutique shops and eateries. The available suites will be delivered as a vanilla shell. The property is zoned HC2 and features ample parking. There are five available suites, ranging in size from 1,125 square feet to 5,770 square feet, providing options for potential tenants with varying space requirements.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Mandeville
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.0068
    Latitude
    30.3898

    Nearby Similar for Lease

    • $2,784/Mo

      Renovated Office/Warehouse Condo in Mandeville

      Renovated office/warehouse condo with ample parking in Alamosa Park.
      68446 TAMMANY TRACE Drive, Mandeville, LA 70471
      View Details
    • $2,800/Mo

      Mandeville Office/Retail Suite For Rent

      First-floor office suite with ground-level access in Mandeville, Louisiana.
      500 MARINERS PLAZA Drive, Mandeville, LA 70448
      View Details
    • $2,100/Mo

      Office/Retail Space in Mandeville, LA

      Office and retail space available for lease in Mandeville, LA.
      800 MARINERS PLAZA Drive, Mandeville, LA 70448
      View Details
    • $900/Mo

      Office and Retail Space Available

      First-floor suite with ground-level access in Mandeville, Louisiana.
      200 MARINERS PLAZA Drive, Mandeville, LA 70448
      View Details
    • $3,400/Mo

      Highway 59 Office Space

      Office space on Highway 59 with option to buy.
      4055 HIGHWAY 59, Mandeville, LA 70471
      View Details
    • $14 SF/Yr

      Mandeville Flex Space Condo Suite

      Flex/light industrial condo suite in Alamosa Industrial Park.
      68361-2 Commercial Way South, Mandeville, LA, 70471
      View Details
    • $1,568/Mo

      Highway 59 Retail End Cap

      Retail end cap on Highway 59 with high visibility.
      68480 Highway 59 Ste 1a, Mandeville, LA, 70471-8702
      View Details
    • $2,500/Mo

      Retail Space in Mandeville

      Retail space available for rent in St Tammany Parish.
      347 GIROD Street B, Mandeville, LA 70448
      View Details
    • $3,271/Mo

      Mandeville Retail/Office Space Available

      Retail or office space for rent in Mandeville, Louisiana.
      2077 N CAUSEWAY Boulevard, Mandeville, LA 70471
      View Details
    • $1,500/Mo

      Mandeville Retail Space For Rent

      Retail space available in Mandeville, Louisiana.
      2201 11TH Street 4, Mandeville, LA 70471
      View Details
    • $16 SF/Yr

      Mandeville Restaurant Space For Lease

      Highly visible 2,400-SF restaurant space in affluent Mandeville neighborhood.
      2186 Florida St, Mandeville, LA
      View Details
    • $27 SF/Yr

      Retail Space in Mandeville Center

      Retail opportunities in affluent, high-traffic Mandeville shopping center.
      SWQ Hwy 190 and Hwy 22, Mandeville, LA
      View Details

    FAQs

    What type of property is this?
    Retail space - New retail suites available in high-traffic area on Highway 59.
    Where is this retail space located?
    The property is located at 2758 LA-59 Mandeville, LA.
    What are key features of this property?
    This property features: High‑traffic location on Highway 59.; Newly constructed in 2023.; HC2 zoning allows for a range of business types.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brent Cordell
    Real Estate License ID: LA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2758 LA-59, Mandeville, LA 70448
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!