Office Building with Flexible
For Sale
$389,000
7343 Hwy 182 E, Morgan City, LA 70380
Brick professional office with covered entry, on-site parking, and reconfigurable interior walls along a commercial corridor.
Property Size2,400 SF
Price / SF$162.08
Days on Market80
Property Features for 7343 Hwy 182 E
General Information
Standard status
Active
Size
2,400 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
covered front entrance
Building Details
Buildings
1
Building Size
2,400 SF
Construction
brick
Listing Agency:
Arceneaux Real Estate, LLC
Listed By:
Paul Arceneaux · License #995719154
(337) 322-8300
Source:
Athomerealtyla
Added: Jul 20
Changed: Sep 5
Last Checked: Oct 6 at 12:48AM
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 Arceneaux Real Estate, LLC
Investment Insights
Based on property information with market context.
This 2,400-square-foot office building at 7343 Hwy 182 E in Morgan City features a brick exterior and covered front entrance. The interior includes 6 private offices and 3 bathrooms, creating a defined professional workspace with room for multiple functions. Interior walls can be relocated, allowing the layout to be adjusted as operational needs change.
The property is positioned along Hwy 182 E, one of Morgan City’s main commercial corridors, with reported traffic of 10,000 vehicles per day. Established businesses surround the site, and on-site parking supports day-to-day access for occupants and visitors. The combination of existing office improvements, adaptable interior construction, and a visible highway setting provides a practical commercial office configuration.
The property is positioned along Hwy 182 E, one of Morgan City’s main commercial corridors, with reported traffic of 10,000 vehicles per day. Established businesses surround the site, and on-site parking supports day-to-day access for occupants and visitors. The combination of existing office improvements, adaptable interior construction, and a visible highway setting provides a practical commercial office configuration.
Key Highlights
- 2,400‑square‑foot office building at 7343 Hwy 182 E, Morgan City, LA 70380
- 6 private offices and 3 bathrooms
- Interior walls can be relocated to modify the layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,741
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,820
$414.8K
Cap Rate 7%
$296,300
$296.3K
Cap Rate 9%
$230,456
$230.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.1K $13.80/SF
− Vacancy
−$5.5K −$2.28/SF
EGI
$27.7K $11.52/SF
− OpEx
−$6.9K −$2.88/SF
NOI
$20.7K $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%
$414,820
Cap Rate 7%
$296,300
Cap Rate 9%
$230,456
Alternative Uses
Best Use
Office B
$296.3K
$259.3K – $345.7K
NOI $20,741 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.5K
$358.3K – $477.7K
NOI $28,664 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Explore this area
Business Placement
Demographics for 70380, LA
21,079
Population
9,739
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
77%
High-School Grad
77.7 sq mi
ZIP Area
271
Density / Sq Mi
$54,504
Median Household Income
$40,731
Median Earnings
$876
Median Rent
$138,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Brick professional office with covered entry, on-site parking, and reconfigurable interior walls along a commercial corridor.
Where is this office building located?
The property is located at 7343 Hwy 182 E Morgan City, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,400‑square‑foot office building at 7343 Hwy 182 E, Morgan City, LA 70380; 6 private offices and 3 bathrooms; Interior walls can be relocated to modify the layout
