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

    1220 Highway 59 Mandeville, LA 70448

    • Commercial real estate
    • 3,109 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0552310
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1220 Highway 59

    Year built
    1980
    Property size
    3,109 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,109 square foot property located at 1220 Hwy. 59 in Mandeville, Louisiana, presents a unique investment opportunity. Currently zoned NC-4, this versatile building offers a multitude of potential uses. Imagine establishing a thriving studio, salon, daycare center, retail business, bed and breakfast, or professional/medical offices. Alternatively, the property's zoning also allows for residential use, providing flexibility for a variety of business and living arrangements. The existing structure includes a spacious main building and a substantial shed, providing ample storage or workspace. The property sits on a 0-acre lot, offering convenient access and visibility along Highway 59 in the desirable Mandeville market. Further zoning details and permitted uses can be obtained by reviewing the St. Tammany Parish website. This property is priced competitively at $290,000, representing a significant value for its size, location, and diverse potential applications. Don't miss this chance to acquire a prime piece of Mandeville real estate with exceptional upside potential. The property's versatility and prime location make it an ideal investment for both seasoned investors and those seeking a unique business venture. Act quickly to secure this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mandeville
    County
    St Tammany
    State
    Louisiana
    Longitude
    -90.05865
    Latitude
    30.36865

    Comparable in this City

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      Mandeville Commercial Land - 4.8 Acres

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      Mandeville Commercial Land - High Traffic

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      Glendale Heights Business Park

      13.3-acre Commercial Land, Mandeville, LA
      2100 La-59, Mandeville, LA 70448
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    • $100,000
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      Elm Street

      Land • 1.75 Acres
      0 Elm St, Mandeville, LA 70448
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    • $1,890,000
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      Versatile Property Near Lake Pontchartrain

      Bed & Breakfast or private residence near Mandeville lakefront.
      124 Lafitte St St, Mandeville, LA 70448
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    • $407,365
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      Vacant Land in Mandeville, LA

      Vacant land with water and sewer connections in Old Mandeville.
      8-B Highway 190, Mandeville, LA 70448
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    Similar Nearby for Sale

    • $1,900,000
      4.80 Acres

      Mandeville Commercial Land - 4.8 Acres

      Prime Mandeville location, B-2 zoning, high visibility.
      Approach Causeway Blvd, Mandeville, LA 70448
      View Details
    • $774,000
      2,200 SF

      Mandeville Commercial Land - High Traffic

      High-traffic corner lot, restaurant building.
      1851 Florida Hwy 190 St, Mandeville, LA 70448
      View Details
    • $1,740,000
      13.30 Acres

      Glendale Heights Business Park

      13.3-acre Commercial Land, Mandeville, LA
      2100 La-59, Mandeville, LA 70448
      View Details
    • $100,000
      1.75 Acres

      Elm Street

      Land • 1.75 Acres
      0 Elm St, Mandeville, LA 70448
      View Details
    • $1,890,000
      5,456 SF

      Versatile Property Near Lake Pontchartrain

      Bed & Breakfast or private residence near Mandeville lakefront.
      124 Lafitte St St, Mandeville, LA 70448
      View Details
    • $407,365
      1.50 Acres

      Vacant Land in Mandeville, LA

      Vacant land with water and sewer connections in Old Mandeville.
      8-B Highway 190, Mandeville, LA 70448
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
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      Mandeville Restaurant Space For Lease

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    • Contact for pricing
      1,348 SF

      Retail Centers at Highway 190

      Two adjacent retail centers with high visibility and easy access.
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    • $2,500 /Mo
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      Mandeville Office Space For Lease

      Commercial office space with multiple private offices and ample parking.
      350 N Causeway Blvd, Mandeville, LA 70448
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    • $1,875 /Mo

      New Retail Complex on Highway

      New retail suites available in high-traffic area on Highway 59.
      2758 Highway 59, Mandeville, LA 70448
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    • $450 /Mo

      Office Suite in Law Firm

      Single office suite available in Old Mandeville law firm.
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    • $12 SF/Yr
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      Mandeville Office/Retail Outparcel

      Prime Mandeville location, 25,490 sq ft.
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    1220 Highway 59
    Mandeville, LA 70448
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    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
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