Office with Small
For Sale
$1,200,000
1826 Sterkx Road, Alexandria, LA 71301
Includes about 11 offices, bullpen, conference and breakroom, plus a small warehouse in a secured, gated site.
Property Size10,000 SF
Price / SF$120
Days on Market30
Property Features for 1826 Sterkx Road
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
47
Property subtype
Office
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Amenities
breakroom/kitchen
conference room
reception area
automatic gate
Listing Agency:
CBRE - Baton Rouge
(256) 724-2764
Listed By:
Jake Loach · License #SALE.0995688631-ACT
(256) 724-2764
Source:
Cbre
Added: Jul 25
Changed: Aug 15
Last Checked: Aug 23 at 8:37AM
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 CBRE - Baton Rouge
Investment Insights
Based on property information with market context.
For sale is a 10,000 SF office with a small warehouse component, previously used as a corporate office headquarters. The layout includes approximately 11 offices lining the exterior with a central bullpen area, along with a large breakroom/kitchen and a large conference room plus reception space.
The property is located on Sterkx Rd in Alexandria near the Alexandria Mall, with convenient access to the Hwy 71 roundabout and I-49 for travel throughout the city. The site is secured with an automatic gate surrounding the property and offers ample on-site parking with approximately 47 spaces. Contact agents for more information.
The property is located on Sterkx Rd in Alexandria near the Alexandria Mall, with convenient access to the Hwy 71 roundabout and I-49 for travel throughout the city. The site is secured with an automatic gate surrounding the property and offers ample on-site parking with approximately 47 spaces. Contact agents for more information.
Key Highlights
- 10,000 SF office with small warehouse on Sterkx Rd in Alexandria near Alexandria Mall
- Configured for corporate use with approx. 11 offices, center bullpen, reception, and large conference room
- Includes a large breakroom/kitchen area
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
$75,101
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
6.26%
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%
$1,502,020
$1.5M
Cap Rate 7%
$1,072,871
$1.1M
Cap Rate 9%
$834,456
$834.5K
Market Conditions
NOI Build-Up for 10,000 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
$94.8K $9.48/SF
− Vacancy
−$6.4K −$0.64/SF
EGI
$88.4K $8.84/SF
− OpEx
−$13.3K −$1.33/SF
NOI
$75.1K $7.51/SF
Area
Rapides County, LA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$1,502,020
Cap Rate 7%
$1,072,871
Cap Rate 9%
$834,456
Alternative Uses
Best Use
Warehouse
$1.07M
$938.8K – $1.25M
NOI $75,101 @ 7.0% cap · market cap 6.26%
Second Best
Flex RnD
$906.4K
$793.1K – $1.06M
NOI $63,445 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $192,960 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71301, LA
20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- S'mel Good Catering — 1819 Memorial Dr, Alexandria, LA 71301
Frequently Asked Questions
What type of property is this?
Flex space - Includes about 11 offices, bullpen, conference and breakroom, plus a small warehouse in a secured, gated site.
Where is this flex space located?
The property is located at 1826 Sterkx Road Alexandria, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 10,000 SF office with small warehouse on Sterkx Rd in Alexandria near Alexandria Mall; Configured for corporate use with approx. 11 offices, center bullpen, reception, and large conference room; Includes a large breakroom/kitchen area
