Remodeled Office Building with
For Sale
$325,000
Pending
1001 Hospital Rd, New Roads, LA 70760
Remodeled office building with nine office spaces, conference room, kitchenette, and shared parking lot access.
Property Size3,085 SF
Days on Market86
Property Features for 1001 Hospital Rd
General Information
Standard status
Pending
Size
3,085 SF
Taxes and HOA fees
Annual Taxes
$1,625
Listing Agency:
Pennant Real Estate
Listed By:
Samuel Guidroz
(225) 663-2112
Source:
Exprealty
Added: Jun 14
Changed: Sep 2
Last Checked: Sep 7 at 12:29PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,697
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,940
$593.9K
Cap Rate 7%
$424,243
$424.2K
Cap Rate 9%
$329,967
$330.0K
Market Conditions
NOI Build-Up for 3,085 SF
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.
Gross rent
$51.8K $16.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$49.5K $16.04/SF
− OpEx
−$19.8K −$6.42/SF
NOI
$29.7K $9.63/SF
Area
Pointe Coupee County, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,940
Cap Rate 7%
$424,243
Cap Rate 9%
$329,967
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 authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 70760, LA
6,509
Population
3,383
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
84%
High-School Grad
49.7 sq mi
ZIP Area
131
Density / Sq Mi
$48,050
Median Household Income
$40,827
Median Earnings
$807
Median Rent
$137,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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
