Two Fronting Office
For Sale
$671,500
16573 Airline Hwy, Prairieville, LA 70769
Two fully leased office buildings fronting Airline Hwy with billboard income included in the sale.
Property Size3,950 SF
Price / SF$170
Days on Market195
Property Features for 16573 Airline Hwy
General Information
Standard status
Active
Size
3,950 SF
Property subtype
Office
Zoning
MU
Amenities
Power
Water
Sewer
Listing Agency:
Derbes Falgoust Commercial Real Estate, LLC
Listed By:
Scot Guidry · License #37589
(225) 778-5858
Source:
Lacdb.resimplifi
Added: Apr 11
Changed: Oct 10
Last Checked: Oct 20 at 5:07PM
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 Derbes Falgoust Commercial Real Estate, LLC
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Investment Insights
Based on property information with market context.
Two office buildings fronting Airline Hwy in Prairieville, Louisiana are being offered for sale and are fully leased. The properties are described as well maintained and include established tenants such as Edward Jones, Hartman Engineering, Coldwell Bankers, a law firm, and NextHome Real Estate.
The offering includes two lots with independent driveways, providing direct access onto Airline Hwy (US-61). Billboard income is included with the sale.
The offering includes two lots with independent driveways, providing direct access onto Airline Hwy (US-61). Billboard income is included with the sale.
Key Highlights
- Two office buildings fronting Airline Hwy (US‑61) in Prairieville, LA (16563 & 16573 Airline Hwy)
- Fully leased with established tenants including Edward Jones, Hartman Engineering, Coldwell Bankers, a law firm, and NextHome Real Estate
- Billboard income included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,594
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,880
$831.9K
Cap Rate 7%
$594,200
$594.2K
Cap Rate 9%
$462,156
$462.2K
Market Conditions
NOI Build-Up for 3,950 SF
Gross rent
$71.1K $18.00/SF
− Vacancy
−$15.6K −$3.96/SF
EGI
$55.5K $14.04/SF
− OpEx
−$13.9K −$3.51/SF
NOI
$41.6K $10.53/SF
Area
Ascension County, LA
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,880
Cap Rate 7%
$594,200
Cap Rate 9%
$462,156
Alternative Uses
Best Use
Office B
$594.2K
$519.9K – $693.2K
NOI $41,594 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$866.7K
$758.4K – $1.01M
NOI $60,672 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 70769, LA
46,671
Population
17,557
Households
2.7
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
47.9 sq mi
ZIP Area
974
Density / Sq Mi
$114,707
Median Household Income
$59,552
Median Earnings
$1,245
Median Rent
$295,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two fully leased office buildings fronting Airline Hwy with billboard income included in the sale.
Where is this office building located?
The property is located at 16573 Airline Hwy Prairieville, LA.
What is the asking price?
The asking price for this property is $671,500.
What are key features of this property?
This property features: Two office buildings fronting Airline Hwy (US‑61) in Prairieville, LA (16563 & 16573 Airline Hwy); Fully leased with established tenants including Edward Jones, Hartman Engineering, Coldwell Bankers, a law firm, and NextHome Real Estate; Billboard income included with the sale
