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    Versatile Commercial Building For Lease Title is generated by Realmo AI

    302 LOUISIANA Avenue, Bogalusa, LA 70427

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    For Lease
    $2,400 /Mo

    SINGLE_FAMILY - Bogalusa, LA

    Type:Office
    Lot size:
    0.38 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    125
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 302 LOUISIANA Avenue

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Com
    Patio and Porch features
    Porch
    Exterior features
    Fence, Porch
    Fencing
    Fenced
    Standard status
    Active
    APN
    0440044950
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Expense value
    2400
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Floors in Building
    1

    We can help!

    Listing Contact
    Charlotte Johnson
    Charlotte Johnson

    Listing agent Charlotte Johnson License #995695542

    Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA

    Listing date Jan 8, 2026

    MLS# 2536926

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Option to purchase provides valuable long‑term flexibility.
    • Updated HVAC, electrical, plumbing, and lighting systems (2023).
    • Fiber‑optic internet service to each office.
    • Functional layout: reception area, open workspace, 7 private offices, conference room, kitchenette, 2 bathrooms.
    • Secure, fireproof room for file and record storage.
    • Convenient front and rear parking for employees and clients.

    Overview

    This commercial building offers a versatile workspace for lease with an option to purchase. The layout includes a reception desk with a waiting area, a large open workspace with cubicles, seven private offices, a dedicated conference room, a kitchenette, and two bathrooms. A large fireproof room provides secure storage for files and records. The property features fiber-optic internet service to each office. HVAC, electrical, plumbing, and lighting systems were updated in 2023. Front and rear parking offer convenient access. Located in a prime area with easy access to nearby amenities, this space is well-suited for a variety of business uses. The property is situated on a 0.38-acre lot. A minimum 2-5 year lease is required. The landlord pays for water, which includes garbage pickup. The tenant is responsible for electricity, internet, and all other utilities. The property is located in Bogalusa, LA, in Washington Parish.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brown Richard W Law Firm Black Alan M Law Firm Black Robert J Accounting Firm Representative Harold Ritchie State Government Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bogalusa
    County
    Washington
    State
    Louisiana
    Longitude
    -89.857857
    Latitude
    30.789673

    FAQs

    What type of property is this?
    Office units - Flexible workspace with option to purchase in prime location.
    Where is this office units located?
    The property is located at 302 LOUISIANA Avenue Bogalusa, LA.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: Option to purchase provides valuable long‑term flexibility.; Updated HVAC, electrical, plumbing, and lighting systems (2023).; Fiber‑optic internet service to each office.
    (985) 727-7000
    We can help!
    Listing Contact
    Charlotte Johnson
    Charlotte Johnson
    Real Estate License ID: 995695542
    Learn More
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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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