Net-Leased Office
For Sale
Contact for pricing
148 Hector Ave, Terrytown, LA 70056
Absolute net lease office building with lease expiring September 7, 2029 and two renewal options.
Property Size6,455 SF
Price / SF$368.82
Days on Market202
Property Features for 148 Hector Ave
General Information
Standard status
Active
Size
6,455 SF
Property subtype
OFFICE
Listing Agency:
Boutique National, LLC (Bounat)
(813) 906-8310
Listed By:
Nick Ganey · License #SL3145813
(813) 967-6077
Source:
Moodyscre
Added: Apr 6
Changed: Oct 5
Last Checked: Oct 23 at 8:42AM
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 Boutique National, LLC (Bounat)
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Investment Insights
Based on property information with market context.
This office property is offered as an absolute net lease, placing zero landlord responsibilities on the owner. The current net operating income is $166,649.21, based on $25.82 per square foot, with 1.5% annual escalations. The lease is scheduled to expire September 7, 2029, and includes two additional five-year renewal options.
The property is located at 148 Hector Ave, Terrytown, LA 70056, totaling 6,455 square feet.
The existing lease structure provides defined term and escalation provisions through the current expiration date, with extension opportunities via the renewal options.
The property is located at 148 Hector Ave, Terrytown, LA 70056, totaling 6,455 square feet.
The existing lease structure provides defined term and escalation provisions through the current expiration date, with extension opportunities via the renewal options.
Key Highlights
- Absolute net lease office building with zero landlord responsibilities
- NOI of $166,649.21 ($25.82 PSF)
- Lease expires September 7, 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,559
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,180
$1.8M
Cap Rate 7%
$1,279,414
$1.3M
Cap Rate 9%
$995,100
$995.1K
Market Conditions
NOI Build-Up for 6,455 SF
Gross rent
$145.6K $22.56/SF
− Vacancy
−$26.2K −$4.06/SF
EGI
$119.4K $18.50/SF
− OpEx
−$29.9K −$4.62/SF
NOI
$89.6K $13.87/SF
Area
Jefferson County, LA
Vacancy
18.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,180
Cap Rate 7%
$1,279,414
Cap Rate 9%
$995,100
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,559 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,211 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,770
Businesses Nearby
Explore this area
Business Placement
Demographics for 70056, LA
41,498
Population
15,784
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
87%
High-School Grad
6.8 sq mi
ZIP Area
6,103
Density / Sq Mi
$61,831
Median Household Income
$36,062
Median Earnings
$1,163
Median Rent
$223,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Absolute net lease office building with lease expiring September 7, 2029 and two renewal options.
Where is this office building located?
The property is located at 148 Hector Ave Terrytown, LA.
What is the asking price?
The asking price for this property is $2,380,703.
What are key features of this property?
This property features: Absolute net lease office building with zero landlord responsibilities; NOI of $166,649.21 ($25.82 PSF); Lease expires September 7, 2029
