Office Building with Expansion
For Sale
$249,900
Pending
12026 Mansfield Rd, Keithville, LA 71047
I-1-zoned office property with private offices, support rooms, parking, and additional paved outdoor space for business operations.
Property Size1,250 SF
Lot Size1.50 Acres
Days on Market26
Property Features for 12026 Mansfield Rd
General Information
Standard status
Pending
Size
1,250 SF
Total Parking Spaces
6
Lot size
1.50 Acres
Zoning
I-1
Additional Details
Office Units
1
Amenities
reception area
conference room
break room
storage/file room
communications equipment closet
attic storage
exterior LED security lighting
ADT-monitored security system
high-speed internet
landline phone system
Building Details
Year Built
2012
Buildings
1
Listing Agency:
Keller Williams Northwest
(318) 213-1555
Listed By:
Michelle Savage · License #0995696678
Source:
Heritance
Added: Aug 7
Changed: Aug 31
Last Checked: Aug 30 at 8:33PM
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 Keller Williams Northwest
Investment Insights
Based on property information with market context.
Built in 2012, this office building includes a reception area, three private offices, and a fourth room configured with cabinetry, a sink, refrigerator, and counter space. The interior also provides a storage or file room, communications equipment closet, attic storage, wood-look laminate flooring, recessed LED lighting, and an ADT-monitored security system. High-speed internet and a landline phone system with five separate lines are in place.
The property is located at 12026 Mansfield Rd in Keithville, with access to six designated parking spaces and additional paved parking along the south side of the building. A 1.5-acre tract behind the office includes approximately 20,000 square feet of established rock base, currently covered by grass, that can support parking, equipment storage, fleet vehicles, or other business needs. The property is zoned I-1 (Light Industrial).
The property is located at 12026 Mansfield Rd in Keithville, with access to six designated parking spaces and additional paved parking along the south side of the building. A 1.5-acre tract behind the office includes approximately 20,000 square feet of established rock base, currently covered by grass, that can support parking, equipment storage, fleet vehicles, or other business needs. The property is zoned I-1 (Light Industrial).
Key Highlights
- 2012‑built office building at 12026 Mansfield Rd, Keithville, LA 71047
- Reception area, three private offices, and a flexible fourth room
- Fourth room includes cabinetry, sink, refrigerator, and counter space
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
$10,178
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
4.07%
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%
$203,560
$203.6K
Cap Rate 7%
$145,400
$145.4K
Cap Rate 9%
$113,089
$113.1K
Market Conditions
NOI Build-Up for 1,250 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
$15.3K $12.24/SF
− Vacancy
−$1.7K −$1.38/SF
EGI
$13.6K $10.86/SF
− OpEx
−$3.4K −$2.71/SF
NOI
$10.2K $8.14/SF
Area
Caddo County, LA
Vacancy
11.30%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
25.00%
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%
$203,560
Cap Rate 7%
$145,400
Cap Rate 9%
$113,089
Alternative Uses
Best Use
Office B
$145.4K
$127.2K – $169.6K
NOI $10,178 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$247.3K
$216.4K – $288.6K
NOI $17,313 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 71047, LA
10,698
Population
4,578
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
84%
High-School Grad
109.0 sq mi
ZIP Area
98
Density / Sq Mi
$57,359
Median Household Income
$36,323
Median Earnings
$1,019
Median Rent
$141,000
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 building - I-1-zoned office property with private offices, support rooms, parking, and additional paved outdoor space for business operations.
Where is this office building located?
The property is located at 12026 Mansfield Rd Keithville, LA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2012‑built office building at 12026 Mansfield Rd, Keithville, LA 71047; Reception area, three private offices, and a flexible fourth room; Fourth room includes cabinetry, sink, refrigerator, and counter space
