Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    26 Reynolds St Springhill, LA 71075

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $115,000

    Office space in historic Springhill with dedicated parking.

    Lot size:
    0.15 Acres

    Property Features for 26 Reynolds St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Tammi Montgomery
    Source: Elliman

    Listing Agency: RE/MAX Real Estate Services Listing Agent: Tammi Montgomery

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Springhill Office Space For Sale

    Located in historic Springhill, this property is currently used as office space for a law firm. The layout features two reception areas, three large office spaces, a conference room, and two bathrooms. Additional amenities include a back kitchen area and a large back storage space. Dedicated parking is available in the rear of the building. The property benefits from street traffic.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springhill
    County
    Webster
    State
    Louisiana
    Longitude
    -93.4606919
    Latitude
    33.0024133

    Nearby Similar for Sale

    • New
      $89,900
      8,605 SF

      Springhill Warehouse on Large Lot

      8,605 SF warehouse on 1.13 acres near downtown Springhill.
      510 N Giles St, Springhill, LA 71075
      View Details
    • $90,000
      0.33 Acres

      Commercial Property - Automotive Facility

      Fully equipped tire, oil change, and gas station facility for sale.
      413 S Main St, Springhill, LA 71075
      View Details
    • $50,000
      0.53 Acres

      Retail Building in Springhill, LA

      Retail building on 0.53 acre lot, formerly grocery store.
      1100 Reynolds St, Springhill, LA 71075
      View Details
    • New
      $149,900
      7,012 SF

      Springhill Industrial Building with Storage

      7,012 SF light industrial building with covered storage.
      101 NE 1St St, Springhill, LA 71075
      View Details
    • $130,000
      1,980 SF

      Springhill, LA Commercial Property

      Commercial property in Springhill, Louisiana, suitable for various business ventures.
      807 Mlk Dr, Springhill, LA 71075
      View Details
    • $250,000
      0.14 Acres

      Mixed-Use Building in Springhill, LA

      Mixed-use property with retail spaces and an upstairs apartment.
      130 Main St, Springhill, LA 71075
      View Details
    • $210,000
      0.12 Acres

      Springhill Retail Buildings For Sale

      Three adjacent retail buildings in Springhill, Louisiana, with a new roof.
      200 NE 1St St, Springhill, LA 71075
      View Details
    • $450,000
      1.23 Acres

      Former Hospital Building For Sale

      Former hospital divided into six buildings with current tenants.
      111 NE 1St St, Springhill, LA 71075
      View Details
    • $125,000
      0.16 Acres

      Downtown Commercial Building in Springhill

      Commercial building in Springhill, LA, currently leased to a beauty spa.
      123 N Main St, Springhill, LA 71075
      View Details
    • $150,000
      0.08 Acres

      Commercial Building in Historic District

      Downtown Springhill commercial building, currently leased to a finance business.
      207 N Main St, Springhill, LA 71075
      View Details
    • $60,000
      0.05 Acres

      Downtown Springhill Retail Investment

      Retail building in Springhill's historic district, currently leased.
      211 N Main St, Springhill, LA 71075
      View Details
    • $60,000
      0.04 Acres

      Retail Building in Springhill, LA

      Commercial building leased to a retail clothing store in Springhill.
      224 N Main St, Springhill, LA 71075
      View Details

    FAQs

    What type of property is this?
    Office space - Office space in historic Springhill with dedicated parking.
    Where is this office space located?
    The property is located at 26 Reynolds St Springhill, LA.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Dedicated parking in rear of building.; - Located in historic Springhill.; - Currently used as office space.
    Request Owner's contact information
    26 Reynolds St Springhill, LA 71075
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    26 Reynolds St
    Springhill, LA 71075
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    26 Reynolds St Springhill, LA 71075
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tammi Montgomery
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.