Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    190 And Hwy Mandeville, LA 70471
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    190 And Hwy Mandeville, LA 70471

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 190 And Hwy

    Property type
    Retail properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mandeville
    County
    Saint Tammany
    State
    Louisiana
    Longitude
    -90.0916
    Latitude
    30.3923

    Comparable in this City

    • Value Estimation by Request

      4626 La-22

      Retail properties & Spaces
      4626 La-22, Mandeville, LA 70471
      View Details
    • Value Estimation by Request
      30,000 SF

      4700 La-22

      Neighborhood centers • 30,000 SF
      4700 La-22, Mandeville, LA 70471
      View Details
    • Value Estimation by Request
      47,836 SF

      1200 Causeway Approach

      Retail properties & Spaces • 47,836 SF
      1200 Causeway Approach, Mandeville, LA 70471
      View Details
    • Value Estimation by Request
      21,567 SF

      3500 Us-190

      Retail properties & Spaces • 21,567 SF
      3500 Us-190, Mandeville, LA 70471
      View Details
    • Value Estimation by Request
      1,501 SF

      4600 Louisiana 22

      Retail properties & Spaces • 1,501 SF
      4600 Louisiana 22, Mandeville, LA 70471
      View Details
    • Value Estimation by Request
      15,000 SF

      Causeway Approach

      Medical Office Space • 15,000 SF
      0 Causeway Approach, Mandeville, LA 70471
      View Details

    Similar Nearby for Sale

    • $1,231,000
      120 SF

      Auto Repair Business For Sale

      Turn-key auto repair business with building, land, and equipment.
      765 Asbury Dr, Mandeville, LA 70471
      View Details
    • Contact for pricing
      2,821 SF

      Stand Alone Office Building

      Office building with showrooms and potential for multiple tenants.
      2075 3Rd St, Mandeville, LA 70471
      View Details
    • Contact for pricing
      900 SF

      Professional Office Suite in Mandeville

      900 SF office suite in a professional corridor.
      1011 N Causeway Blvd, Mandeville, LA 70471
      View Details
    • Contact for pricing

      Commercial Land in Mandeville

      Prime commercial land with B1 zoning in Mandeville, Louisiana.
      Causeway Approach E, Mandeville, LA 70471
      View Details
    • Contact for pricing
      2,750 SF

      Mandeville Office Units For Sale

      Two office units in excellent Mandeville location for sale.
      1170 Causeway Approach W, Mandeville, LA 70471
      View Details
    • $624,000
      1,884 SF

      Highway 59 Commercial Space

      Commercial space on Highway 59 with flexible options.
      4055 Highway 59, Mandeville, LA 70471
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Hwy 22

      Retail space available in Mandeville, LA, near main highway.
      2201 11Th St, Mandeville, LA 70471
      View Details
    • $2,784 /Mo
      2,890 SF

      Retail Space on Tammany Trace

      Retail space available for rent on Tammany Trace Drive.
      68446 9Th St, 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, Mandeville, LA 70471
      View Details
    • Contact for pricing

      Retail/Office Space For Lease

      Retail or office space with high visibility and ample parking.
      5150 Highway 22, Mandeville, LA 70471
      View Details
    • $25 SF/Yr
      2,195 SF

      Retail Space in Village Center

      Retail space in high-traffic Mandeville shopping center for lease.
      2895 E Highway 190 U.S, Mandeville, LA 70471
      View Details
    • $1,500 /Mo
      1,201 SF

      Mandeville Retail Space For Rent

      Retail space available in Mandeville, Louisiana.
      2201 11Th St, Mandeville, LA 70471
      View Details
    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.
    190 And Hwy
    Mandeville, LA 70471
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!