Property profile

1837 Florida St Mandeville, LA 70448

OFF-MARKET
Commercial real estate
Property ID
US36-1308142
6,196 SF 1 ac lot Built 2009
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,253 square foot commercial building is situated on a 0.82-acre lot at 1837 Florida Street in Mandeville, Louisiana. Located just outside the city limits, between Marigny and Lamarque Streets, this property boasts excellent visibility from Florida Street. Currently leased month-to-month to a tire company for a gross lease of $4,600 per month, this versatile building offers significant income potential. Originally designed as medical office space, the building's adaptable layout allows for a wide range of commercial uses. Constructed with a reinforced slab, steel frame, metal panels, and a metal roof (resealed three years ago), this structure is built to last. Ample parking is provided by a gravel lot measuring approximately 125 x 40 feet, accommodating approximately twenty-eight vehicles. An additional 2,337 square feet of concreted surface on the east and rear of the building offers further parking and drive space. The west side of the property is secured with a chain link fence. This property presents a unique opportunity for investors and business owners seeking a well-maintained, high-visibility commercial space in a desirable Mandeville location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2009
Total area 6,196 SF
Lot 1 ac (43,560 SF)
APN 43543
UPID US36-1308142

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store
  • General Contractor

Location

1837 Florida St Mandeville, LA 70448-5229
Mandeville metro Census 41211 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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