Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rayville Medical Office Investment Opportunity Title is generated by Realmo AI

    161 CHRISTIAN DRIVE, Rayville, LA 71269

    View on Map
    Claim this Listing
    For Sale
    $550,000

    Medical office building with established tenants and expansion potential.

    Type:Office
    Property size:
    5,993 SF
    Lot size:
    1.69 Acres
    Price / SF:
    $91/SF
    Added:
    Jul 14, 2025
    Days on Market:
    318
    Last Refresh:
    Apr 24 at 4:54 pm

    Property Features for 161 CHRISTIAN DRIVE

    General Information

    Standard status
    Active
    Size
    5,993 SF
    Lot size
    1.69 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Jennifer Causey
    Jennifer Causey

    Listing agent Jennifer Causey License #LA995693195

    Listing office John Rea Realty

    Listing date Jul 14, 2025

    Source Xome

    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 John Rea Realty

    HighLights

    • 100% Occupied Medical Office Building boasting a 9.6% CAP Rate
    • Two Established Tenants: Richardson Medical Center and MedCentris
    • Located Adjacent to Richardson Medical Center
    • Includes 1.136 Acres of Excess Land for Expansion or Development
    • Recent Interior and Systems Updates (flooring, paint, lighting, etc.)
    • Reliable Income Stream with Tenant Renewal Options

    Overview

    This property in Rayville, LA, presents an investment opportunity. The building has a size of approximately 5,993 square feet and is currently 100% occupied, featuring two established tenants: Richardson Medical Center and MedCentris. These tenants provide a reliable income stream and have renewal options in place. The property is located directly adjacent to Richardson Medical Center. Situated on a total of 1.693 acres, the offering includes the improved 0.626-acre parcel plus 1.136 acres of excess land that allows for expansion, additional parking, or future development. Interior and systems have been refreshed with recent updates including new flooring, paint, faucets, LED lighting, electrical improvements, and a new hot water heater. The roof is approximately 10 years old and reported leak-free. The property is offered as-is and presents investors with a stabilized income stream and potential for future growth. The property benefits from strong long-term demand for medical services in Richland Parish.
    Location Intelligence

    Current Use by Public Records

    Chaudry Imran I ... Physician Sutton Fletcher S ... Physician John D. Thomas, ... Physician MedCentris Wound Healing ... Medical Clinic Danier Deselle Anderson Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rayville
    County
    Richland
    State
    Louisiana
    Longitude
    -91.7519461
    Latitude
    32.4621388

    Nearby Similar for Sale

    • $3,200,000
      2,047,320 SF

      Prime Industrial Development Opportunity

      47 acres near Meta's largest data center campus.
      435 Smalling Road, Rayville, LA 71269
      View Details
    • $700,000

      35 Acres Irrigated Farmland

      35 acres of irrigated farmland, convenient location, development potential.
      000 Earl Medlin Rd, Rayville, LA 71269
      View Details
    • $800,000

      40 Acres Farmland - Rayville

      40 acres of farmland, suitable for development opportunities.
      000 Burke Rd, Rayville, LA 71269
      View Details
    • $210,000

      Rayville Vacant Land For Sale

      Prime lot near META Center with utilities in place.
      571 Hwy 183, Rayville, LA 71269
      View Details
    • $214,520

      34.6 Acres Vacant Land

      34.6 acres of versatile land near Rayville, Louisiana.
      0Barefield Road, Rayville, LA 71269
      View Details
    • $175,000
      87,120 SF

      Rayville Land with Dwelling

      Two-acre property with dwelling near Meta data center.
      3293 Mitchner Road, Rayville, LA 71269
      View Details
    • $31,400

      Rayville Land Parcel on Highway

      1.14-acre parcel with highway frontage and utilities available.
      4806 U.S 80, Rayville, LA 71269
      View Details
    • $260,000

      6.6 Acres Near META Center

      Land near META Data Center with road frontage and utilities.
      111 McManus, Rayville, LA 71269
      View Details
    • $475,000

      Rayville Land Near Meta Site

      6.41 acres of vacant land near Meta site.
      0000 JAGGERS LANE, Rayville, LA 71269
      View Details
    • $1,950,000

      Rayville Land Near Meta AI

      78 acres of land near Meta AI plant.
      0 Bee Bayou Rd, Rayville, LA 71269
      View Details
    • $1,700,000
      2,676 SF

      Turnkey Restaurant Opportunity in Rayville

      Freestanding restaurant building with high visibility and strong traffic.
      Louisa St 2211, Rayville, LA
      View Details
    • $550,000

      Rayville Medical Office Investment

      Fully occupied medical office building with expansion potential.
      161 Christian Dr, Rayville, LA
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office building with established tenants and expansion potential.
    Where is this medical office space located?
    The property is located at 161 CHRISTIAN DRIVE Rayville, LA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 100% Occupied Medical Office Building boasting a 9.6% CAP Rate; Two Established Tenants: Richardson Medical Center and MedCentris; Located Adjacent to Richardson Medical Center
    (318) 388-0941
    We can help!
    Listing Contact
    Jennifer Causey
    Jennifer Causey
    Real Estate License ID: LA995693195
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    161 CHRISTIAN DRIVE, Rayville, LA 71269
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!