Move-In Ready Medical Office
For Sale
Contact for pricing
169 Del Norte Avenue, Denham Springs, LA 70726
Move-in ready medical office with 10 exam and treatment rooms, separate waiting areas, and on-site parking.
Property Size3,110 SF
Price / SF$168.81
Days on Market62
Property Features for 169 Del Norte Avenue
General Information
Standard status
Active
Size
3,110 SF
Class
C
Total Parking Spaces
26
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
KPG Realty
(985) 373-6417
Listed By:
Brent Cordell · License #LA
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 8 at 8:45AM
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 KPG Realty
Investment Insights
Based on property information with market context.
This move-in ready medical office building is approximately 3,110 SF and was formerly used as a pediatric clinic. The interior layout includes 10 exam and treatment rooms, a central nurses station, private offices, and a staff kitchenette. Patient flow is supported by separate sick and well waiting areas, along with three restrooms for the facility.
The property is located at 169 Del Norte Avenue in Denham Springs, Louisiana. The site provides 26 parking spaces and offers convenient access to Range Avenue and I-12.
For healthcare users seeking a turn-key setting, the existing exam-room configuration and dedicated waiting areas support a clinical model with both general and sick visits. The central nurses station and multiple private rooms provide space for day-to-day care delivery and staff operations, while the on-site parking supports patient and staff access.
The property is located at 169 Del Norte Avenue in Denham Springs, Louisiana. The site provides 26 parking spaces and offers convenient access to Range Avenue and I-12.
For healthcare users seeking a turn-key setting, the existing exam-room configuration and dedicated waiting areas support a clinical model with both general and sick visits. The central nurses station and multiple private rooms provide space for day-to-day care delivery and staff operations, while the on-site parking supports patient and staff access.
Key Highlights
- Move‑in ready 3,110 SF medical office building formerly used as a pediatric clinic
- Features 10 exam/treatment rooms plus a central nurses station
- Separate sick and well waiting areas for patient intake and flow
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
$29,938
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
5.70%
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%
$598,760
$598.8K
Cap Rate 7%
$427,686
$427.7K
Cap Rate 9%
$332,644
$332.6K
Market Conditions
NOI Build-Up for 3,110 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
$52.2K $16.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$49.9K $16.04/SF
− OpEx
−$20.0K −$6.42/SF
NOI
$29.9K $9.63/SF
Area
Livingston County, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
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%
$598,760
Cap Rate 7%
$427,686
Cap Rate 9%
$332,644
Alternative Uses
Best Use
Healthcare Medical
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 5.70%
Second Best
Office B
$424.9K
$371.8K – $495.8K
NOI $29,746 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$744.8K
$651.7K – $869.0K
NOI $52,137 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70726, LA
59,586
Population
24,925
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
88.2 sq mi
ZIP Area
676
Density / Sq Mi
$77,129
Median Household Income
$41,240
Median Earnings
$1,180
Median Rent
$215,100
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?
Medical Office Space - Move-in ready medical office with 10 exam and treatment rooms, separate waiting areas, and on-site parking.
Where is this medical office space located?
The property is located at 169 Del Norte Avenue Denham Springs, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Move‑in ready 3,110 SF medical office building formerly used as a pediatric clinic; Features 10 exam/treatment rooms plus a central nurses station; Separate sick and well waiting areas for patient intake and flow
