Property profile

3461 Causeway Approach E Mandeville, LA 70448

FOR SALE
Commercial real estate
Property ID
US36-1480388
59,702 SF 5.97 ac lot Built 2007
Entity Owned 9-yr Hold
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Property summary

AI-generated overview

This exceptional 25,490-square-foot outparcel presents a unique opportunity for lease or build-to-suit in the thriving Mandeville market. Situated on Florida Street, this single-tenant property enjoys high visibility and accessibility within a well-established retail center. The location boasts significant foot traffic and proximity to the Causeway bridge, ensuring excellent exposure to a large customer base. This prime commercial space is surrounded by a variety of successful businesses, including Rouses Market, Acquistapace's, Starbucks, Snap Fitness, Pizza Hut, and Massage Envy, creating a synergistic and desirable retail environment. The entire 25,490 square feet is currently vacant, offering complete flexibility for a prospective tenant to design and develop a space tailored to their specific needs. Whether you're seeking a ready-to-occupy retail space or a site for a new construction project, this outparcel provides an unparalleled opportunity to establish a strong presence in a high-demand area. The property's APN is 3f7a669d-39f3-4d90-aabfe653c362356e. This property is classified as Retail, Office, and Land, and is suitable for Executive Office and Commercial uses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 59,702 SF
Lot 5.97 ac (260,053 SF)
APN 61239
UPID US36-1480388

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
  • Cinema (Bike/Boat/Book/etc) Store
  • Post Office
  • Electric Vehicle Charging Station
  • Cafe & Coffee Shop
  • Grocery & Convenience Store Food Market

Location

3461 Causeway Approach E Mandeville, LA 70448
Mandeville metro Census 41301 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.51M
Comparable Approach Comparable
$6.72M
Blend (final) Blend
$690k

Owner & transaction history

since 2016
1 recorded transaction
2016
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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