Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8 Sawmill Ln Mandeville, LA 70471-2935

    • Industrial land
    OFF-MARKET
    Last Sale
    Aug 02, 2021
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1486838
    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

    • Industrial land

    Property Details for 8 Sawmill Ln

    Property type
    Industrial land
    APN
    61571
    APU
    61571

    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
    Saint Tammany
    State
    Louisiana
    Longitude
    -90.1141
    Latitude
    30.3759
    CBSA code
    35380
    CBSA name
    NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,561
    $18,300
    $0.00
    $18,300
    -
    $183,000
    $0.00
    $183,000

    Comparable in this City

    • Value Estimation by Request

      38 Preserve Ln

      INDUSTRIAL - VACANT LAND
      38 Preserve Ln, Mandeville, LA 70471-2937
      View Details
    • Value Estimation by Request

      6 Tupelo Trce

      INDUSTRIAL - VACANT LAND
      6 Tupelo Trce, Mandeville, LA 70471-6741
      View Details
    • Value Estimation by Request

      Florida St

      INDUSTRIAL - VACANT LAND
      Florida St, Mandeville, LA 70471
      View Details
    • Value Estimation by Request

      120 Juniper Ct

      INDUSTRIAL - VACANT LAND
      120 Juniper Ct, Mandeville, LA 70471-6819
      View Details
    • Value Estimation by Request

      1201 Rue Monet

      INDUSTRIAL - VACANT LAND
      1201 Rue Monet, Mandeville, LA 70471-3487
      View Details
    • Value Estimation by Request

      Mandeville, LA 70471

      INDUSTRIAL - VACANT LAND
      Mandeville, LA 70471
      View Details

    Similar Nearby for Sale

    • $125,000
      1.93 Acres

      Residential Land in Woodridge Subdivision

      Vacant land in Mandeville, convenient location, excellent schools.
      405 Yaupon Dr, Mandeville, LA 70471
      View Details
    • $75,000
      2.05 Acres

      2-Acre Private Land in Mandeville

      2-acre lot with creek, suitable for building a home.
      Firetower Rd, Mandeville, LA 70471
      View Details
    • $170,000
      3.00 Acres

      Mandeville Vacant Land with Ponds

      Large estate lot backing to green space with Tammany Trace access.
      Diamond Dove Dr, Mandeville, LA 70471
      View Details
    • Contact for pricing
      92 SF

      92 Acres at I-12 Interchange

      92-acre site at I-12 and Hwy 1088 interchange.
      Highway 1088, Mandeville, LA 70471
      View Details
    • $440,000
      3,600 SF

      Mandeville Commercial Land Investment

      Prime Causeway Blvd. Office Space
      1011 Causeway Blvd, Mandeville, LA 70471
      View Details
    • $374,011
      2.14 Acres

      Mandeville Industrial Land Investment

      Prime I-2 zoned land, ready to build!
      249 General Patton Ave, Mandeville, LA 70471
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr

      Mandeville Office Space for Lease

      Prime Office Suite, Furnished, Golf Course Views
      105 Beau Chene Blvd, Mandeville, LA 70471
      View Details
    • Contact for pricing

      Mandeville Office Space: 2-Room Suite

      Prime Mandeville office, single tenant, convenient location.
      601 Asbury Dr, Mandeville, LA 70471
      View Details
    • $14 SF/Yr

      Mandeville Office Space: 601 Asbury Dr

      Prime Mandeville Office, Single Tenant
      601 Asbury Dr, Mandeville, LA 70471
      View Details
    • $9 SF/Yr
      14,500 SF

      Sky Brook Road Warehouse - 14,500 SF

      New 14,500 SF warehouse; 5.18 acres; Suburban location.
      69069 Sky Brook Rd, Mandeville, LA 70471
      View Details
    • $38 SF/Yr
      273,000 SF

      Mandeville Retail Center Investment

      High-traffic location, 3,800 SF available
      3410-3500 Highway 190, Mandeville, LA 70471
      View Details
    • $495 /Mo
      120 SF

      Renovated Suites in Mandeville

      Turnkey office suites with amenities, convenient location, and secured access.
      1131 N Causeway Blvd, 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.
    8 Sawmill Ln
    Mandeville, LA 70471-2935
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.