Corner Lot Medical Office
For Sale
$185,000
24310 Eden St, Plaquemine, LA 70764
Freestanding medical office building on a corner lot with ample concrete parking and a newer roof.
Property Size960 SF
Price / SF$192.71
Days on Market140
Property Features for 24310 Eden St
General Information
Standard status
Active
Size
960 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Reception area/Waiting Room
2 exam rooms and/or offices
restroom
storage areas
employee break room
Listing Agency:
Homestead Realty
(815) 539-3811
Listed By:
Charley Robinson · License #B11179
(225) 313-9821
Source:
Exprealty
Added: Apr 19
Changed: Sep 2
Last Checked: Sep 5 at 1:13PM
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 Homestead Realty
Investment Insights
Based on property information with market context.
Freestanding commercial building on a corner lot with ample concrete parking and a newer roof. The space was previously used as a dentist office and includes a reception/waiting room, two exam rooms and/or offices, restroom, storage areas, and an employee break room.
The property consists of Lots 1, 2, and 3, with an additional Lot 4 available that borders Lots 1, 2, and 3 and fronts Supple Street. The site is located on LA Hwy 1 (Eden Street) and Supple Street.
While the building has medical office history, the layout also supports flexibility for office, retail, medical, or other uses, subject to applicable approvals.
The property consists of Lots 1, 2, and 3, with an additional Lot 4 available that borders Lots 1, 2, and 3 and fronts Supple Street. The site is located on LA Hwy 1 (Eden Street) and Supple Street.
While the building has medical office history, the layout also supports flexibility for office, retail, medical, or other uses, subject to applicable approvals.
Key Highlights
- Corner lot commercial property on LA Hwy 1 (Eden Street) and Supple Street
- Freestanding building with newer roof and ample concrete parking
- Former dentist office layout with reception/waiting room, 2 exam rooms and/or offices, restroom, storage, and employee break room
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
$9,241
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
5.00%
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%
$184,820
$184.8K
Cap Rate 7%
$132,014
$132.0K
Cap Rate 9%
$102,678
$102.7K
Market Conditions
NOI Build-Up for 960 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
$16.1K $16.80/SF
− Vacancy
−$726 −$0.76/SF
EGI
$15.4K $16.04/SF
− OpEx
−$6.2K −$6.42/SF
NOI
$9.2K $9.63/SF
Area
Iberville 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%
$184,820
Cap Rate 7%
$132,014
Cap Rate 9%
$102,678
Alternative Uses
Best Use
Healthcare Medical
$132.0K
$115.5K – $154.0K
NOI $9,241 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$131.2K
$114.8K – $153.0K
NOI $9,182 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$229.9K
$201.2K – $268.2K
NOI $16,094 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70764, LA
15,616
Population
7,419
Households
2.1
Avg Household Size
43
Median Age
15%
College-Educated
80%
High-School Grad
189.0 sq mi
ZIP Area
83
Density / Sq Mi
$64,518
Median Household Income
$41,883
Median Earnings
$848
Median Rent
$174,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Maciasz Amanda DVM — 58175 Belleview Dr, Plaquemine, LA 70764
- Animal Medical Center Of Plaquemine Inc — 58175 Belleview Dr, Plaquemine, LA 70764
- Acadian Animal Clinic — 23805 Church St, Plaquemine, LA 70764
Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office building on a corner lot with ample concrete parking and a newer roof.
Where is this medical office space located?
The property is located at 24310 Eden St Plaquemine, LA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Corner lot commercial property on LA Hwy 1 (Eden Street) and Supple Street; Freestanding building with newer roof and ample concrete parking; Former dentist office layout with reception/waiting room, 2 exam rooms and/or offices, restroom, storage, and employee break room
