Furnished Office
New
For Sale
$399,000
101 Tournament Blvd, Berwick, LA 70342
Commercial Sale, Berwick, LA
Property Size2,100 SF
Lot Size0.34 Acres
Price / SF$190
Days on Market4
Property Features for 101 Tournament Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-1, Local Shopp
Parking features
Parking Lot
Standard status
Active
APN
3074401268
Size
2,100 SF
Lot size
0.34 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Description
Lot 1, Section 23, Township 15 South, Range 12 East, St. Mary Parish, State of Louisiana
Legal Description
Lot 1, Section 23, Township 15 South, Range 12 East, St. Mary Parish, State of Louisiana
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Building materials
Block
Roof type
Composition
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Lisa Braud · License #995691888
(985) 262-4400
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 25 at 2:06AM
MLS# 2026019254
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,100-square-foot office building was constructed in 1990 and features six furnished offices, a 30-by-17-foot conference room, and a reception area with a glass-enclosed receptionist office. The layout also includes a 13-by-19-foot break room and kitchen, furnished except for the stove, along with separate men’s and women’s restrooms. Four exits serve the building, which has two air-conditioning units and a generator.
The property occupies 0.34 acres and is zoned B-1, Local Shopp. A parking lot provides on-site parking. Construction is block, with central heating and central air. Public water and sewer are available, and natural gas is available.
The property occupies 0.34 acres and is zoned B-1, Local Shopp. A parking lot provides on-site parking. Construction is block, with central heating and central air. Public water and sewer are available, and natural gas is available.
Key Highlights
- 2,100‑square‑foot office building on 0.34 acres
- Six furnished offices and a 30x17 conference room
- 13x19 break room and kitchen furnished except for the stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,149
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,980
$363.0K
Cap Rate 7%
$259,271
$259.3K
Cap Rate 9%
$201,656
$201.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$29.0K $13.80/SF
− Vacancy
−$4.8K −$2.28/SF
EGI
$24.2K $11.52/SF
− OpEx
−$6.0K −$2.88/SF
NOI
$18.1K $8.64/SF
Area
St. Mary County, LA
Vacancy
16.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,980
Cap Rate 7%
$259,271
Cap Rate 9%
$201,656
Alternative Uses
Best Use
Office B
$259.3K
$226.9K – $302.5K
NOI $18,149 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$358.3K
$313.5K – $418.0K
NOI $25,081 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 70342, LA
4,806
Population
1,958
Households
2.5
Avg Household Size
38
Median Age
24%
College-Educated
78%
High-School Grad
7.5 sq mi
ZIP Area
641
Density / Sq Mi
$56,146
Median Household Income
$37,411
Median Earnings
$492
Median Rent
$190,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout includes private work areas, a conference room, and a furnished break room.
Where is this office building located?
The property is located at 101 Tournament Blvd Berwick, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,100‑square‑foot office building on 0.34 acres; Six furnished offices and a 30x17 conference room; 13x19 break room and kitchen furnished except for the stove
