Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    68361-8 Commercial Way Mandeville, LA 70471

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    68361-8 Commercial Way Mandeville, LA 70471

    View on Map
    • Apartment buildings
    • 1,625 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 68361-8 Commercial Way

    Year built
    2008
    Property size
    1,625 SF
    Property type
    Apartment buildings

    Description

    This exceptional 1,625-square-foot condo in Mandeville, Louisiana, presents a unique opportunity for business owners seeking a blend of warehouse and office space. Located at 68361-8 S COMMERCIAL Way, this property offers a versatile layout ideal for a variety of commercial uses. The building's design seamlessly integrates ample warehouse space with dedicated office areas, providing a functional and efficient workspace. The condo is situated on a lot with no additional acreage, offering convenient access and minimal exterior maintenance. Priced competitively at $260,000, this property represents an excellent investment opportunity in a thriving Mandeville commercial district. The property's location within Mandeville offers easy access to major transportation routes, ensuring seamless logistics and convenient commutes for employees and clients. The combination of warehouse and office space makes this an attractive option for businesses requiring both storage and administrative functions under one roof. This is a rare opportunity to acquire a well-designed, functional commercial space in a desirable location. The property is ready for immediate occupancy, allowing businesses to quickly establish their operations and begin generating revenue. Don't miss this chance to secure a valuable asset in the vibrant Mandeville market. Serious inquiries are encouraged to explore this exceptional property further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mandeville
    County
    St Tammany
    State
    Louisiana
    Longitude
    -90.0467
    Latitude
    30.425

    Comparable in this City

    • Value Estimation by Request
      5,542 SF

      1140-1150 Causeway Approach

      Residential income properties • 5,542 SF
      1140-1150 Causeway Approach, Mandeville, LA 70471
      View Details
    • Value Estimation by Request
      900 SF

      1800 Cswy Approach Blvd

      Residential income properties • 900 SF
      1800 Cswy Approach Blvd, Mandeville, LA 70471
      View Details
    • Value Estimation by Request

      Chateau Papillon

      MOBILE HOME PARK, TRAILER PARK
      Chateau Papillon, Mandeville, LA 70471
      View Details
    • Value Estimation by Request

      Chateau Papillon

      MOBILE HOME PARK, TRAILER PARK
      Chateau Papillon, Mandeville, LA 70471
      View Details
    • Value Estimation by Request

      21454 Firetower Rd

      MOBILE HOME PARK, TRAILER PARK
      21454 Firetower Rd, Mandeville, LA 70471-7718
      View Details
    • Value Estimation by Request

      3376 Hwy 59

      MOBILE HOME PARK, TRAILER PARK
      3376 Hwy 59, Mandeville, LA 70471-1945
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,542 SF

      Four-Unit Office Condo Building

      Two-story office condo in Mandeville with income potential.
      1140-1150 Causeway Approach W, Mandeville, LA 70471
      View Details
    • Contact for pricing
      3,600 SF

      Professional Office Space in Mandeville

      3,600 SF office space with flexible configurations available for sale.
      1011 N Causeway Blvd, Mandeville, LA 70471
      View Details
    • $2,750,000

      Renovated Office Building For Sale

      17,718 SF renovated office building with national tenant.
      233 General Patton Ave, Mandeville, LA 70471
      View Details
    • Contact for pricing

      20 Acre Industrial Site

      Industrial zoned land with frontage on Hwy 59 near I-12.
      La-59, Mandeville, LA 70471
      View Details
    • Contact for pricing

      Highway 59 Commercial Land Parcels

      Two commercial land parcels available near I-12 and Highway 59.
      2602 La-59, Mandeville, LA 70471
      View Details
    • Contact for pricing

      Highway 59 Commercial Land Available

      Two parcels available on Highway 59 near I-12.
      2600 La-59, Mandeville, LA 70471
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Class A office building for sale or lease.
      68031 Capital Trace Row, Mandeville, LA 70471
      View Details
    • 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
    • $595 /Mo
      240 SF

      Turnkey Office Suites For Rent

      Turnkey office suites with amenities in a secured building.
      1131 N Causeway Blvd, Mandeville, LA 70471
      View Details
    • $2,784 /Mo
      4,006 SF

      Renovated Office/Warehouse Condo in Mandeville

      Renovated office/warehouse condo with ample parking in Alamosa Park.
      68446 Tammany Trace Dr, 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
    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.
    68361-8 Commercial Way
    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

    Thank You for Inquiry

    68361-8 Commercial Way, Mandeville, LA, 70471

    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!