Remodeled Office Building with
1001 Hospital Rd New Roads, LA 70760
For Sale
$325,000
Remodeled office building with nine office spaces, conference room, kitchenette, and shared parking lot access.
Property Size3,085 SF
Price / SF$105.35
Days on Market40
Property Features for 1001 Hospital Rd
General Information
- Standard status
- Active
- Size
- 3,085 SF
Listing Agency:
Pennant Real Estate
(225) 663-2112
Listed By:
Samuel Guidroz
(225) 663-2112
Source:
Exprealty
Added: Jun 14
Changed: Jul 22
Last Checked: Jul 23 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pennant Real Estate
Investment Insights
Based on property information with market context.
This remodeled office building includes nine individual office spaces, a large conference room, a kitchenette, and three separate restrooms. Central HVAC is in place, and the roof is described as brand new. The current configuration supports office use while offering flexibility for other C-3 approved commercial and service uses.
The property has frontage on Hospital Road and is located in Flood Zone X. It also provides access via a shared parking lot for customers and visitors.
Zoned C-3, the building is described as suitable for office space as well as a health clinic, daycare, and other uses allowed under the zoning classification. The property is offered for sale with a tenant in place, and private showings are available by request.
The property has frontage on Hospital Road and is located in Flood Zone X. It also provides access via a shared parking lot for customers and visitors.
Zoned C-3, the building is described as suitable for office space as well as a health clinic, daycare, and other uses allowed under the zoning classification. The property is offered for sale with a tenant in place, and private showings are available by request.
Key Highlights
- Frontage on Hospital Road with Flood Zone X
- Remodeled office building with central HVAC
- 9 individual office spaces plus a large conference room and kitchenette
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.8k | $16.80 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $49.5k | $16.04 |
| − OpEx | −$19.8k | −$6.42 |
| NOI | $29.7k | $9.63 |
3,085 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$424.2K
$371.2K – $495.0K
NOI $29,697 @ 7.0% cap · market cap 9.14%
Second Best
Office B
$421.5K
$368.8K – $491.8K
NOI $29,507 @ 7.0% cap · market cap 9.08%
Theoretical Best
Specialty Retail
$738.8K
$646.5K – $862.0K
NOI $51,718 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Remodeled office building with nine office spaces, conference room, kitchenette, and shared parking lot access.
Where is this office units located?
The property is located at 1001 Hospital Rd New Roads, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Frontage on Hospital Road with Flood Zone X; Remodeled office building with central HVAC; 9 individual office spaces plus a large conference room and kitchenette
