High-Rise Office
For Sale
$850,000
1439 CENTRE Court, Alexandria, LA 71301
Unfinished commercial space offers a flexible interior for a customized office build-out in a multi-story building.
Property Size4,043 SF
Price / SF$210.24
Days on Market621
Property Features for 1439 CENTRE Court
General Information
Standard status
Active
Size
4,043 SF
Elevators
Yes
Property subtype
General Commercial
Zoning
C-2
Space & Availability
Floor
4
Furnished
No
Amenities
lobby
restrooms
conference room
3
COMM
Parking. Corner Lot.
Lot.
Corner.
Building Details
Year Built
2007
Buildings
1
Listing Agency:
STEVEN SEALE PROPERTIES, LLC
(318) 445-3359
Listed By:
Steven Seale · License #0912124868
(318) 715-3333
Source:
Xome
Added: Dec 21, 2024
Changed: Sep 2
Last Checked: Sep 2 at 4:34PM
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 STEVEN SEALE PROPERTIES, LLC
Investment Insights
Based on property information with market context.
This office unit comprises 3,200 square feet of unfinished build-out area along with 769 square feet of shared building space. The ownership interest covers 38.8% of the 4th floor at 1439 Centre Ct, known as the Regions Bank Building. Large windows face Centre Court and Jackson Street, bringing broad exterior views into the space.
The property includes access to building parking lots, the main lobby, elevators, 4th-floor restrooms, and an additional conference room. Zoned C-2 Biz-Office, the unit is positioned within a 2007 high-rise commercial building and allows the interior plan to be tailored to the eventual office user’s requirements.
The property includes access to building parking lots, the main lobby, elevators, 4th-floor restrooms, and an additional conference room. Zoned C-2 Biz-Office, the unit is positioned within a 2007 high-rise commercial building and allows the interior plan to be tailored to the eventual office user’s requirements.
Key Highlights
- 3,200 SF of unfinished office build‑out space
- 769 SF of building common areas included
- 38.8% ownership of the 4th floor
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
$56,764
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
6.68%
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%
$1,135,280
$1.1M
Cap Rate 7%
$810,914
$810.9K
Cap Rate 9%
$630,711
$630.7K
Market Conditions
NOI Build-Up for 4,043 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
$97.0K $24.00/SF
− Vacancy
−$21.3K −$5.28/SF
EGI
$75.7K $18.72/SF
− OpEx
−$18.9K −$4.68/SF
NOI
$56.8K $14.04/SF
Area
Rapides County, LA
Vacancy
22.00%
Lease Rate
$24.00 /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%
$1,135,280
Cap Rate 7%
$810,914
Cap Rate 9%
$630,711
Alternative Uses
Best Use
Office B
$810.9K
$709.6K – $946.1K
NOI $56,764 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$975.2K – $1.30M
NOI $78,014 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Unfinished commercial space offers a flexible interior for a customized office build-out in a multi-story building.
Where is this office units located?
The property is located at 1439 CENTRE Court Alexandria, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,200 SF of unfinished office build‑out space; 769 SF of building common areas included; 38.8% ownership of the 4th floor
