Updated Medical Office
For Sale
$750,000
17505 Old Jefferson Hwy, Prairieville, LA 70769
Updated medical office within a professional office park, featuring a large lobby, multiple private offices, and ADA-compliant restrooms.
Property Size3,262 SF
Price / SF$229.92
Days on Market151
Property Features for 17505 Old Jefferson Hwy
General Information
Standard status
Active
Size
3,262 SF
Class
A
Property subtype
Office
Zoning
MU2
Additional Details
Highway Access
Yes
Office Units
8
Building Details
Building Size
3,262 SF
Listing Agency:
Elifin Realty Baton Rouge
Listed By:
Lindsay Redhead, MBA · License #0995702768
(225) 938-3148
Source:
Elifinrealty
Added: Apr 8
Changed: Aug 31
Last Checked: Sep 5 at 7:12AM
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 Elifin Realty Baton Rouge
Investment Insights
Based on property information with market context.
Now available for sale, 17505 Old Jefferson Hwy is an approximately 3,262 SF updated medical office located within a professional office park. The interior layout includes a large lobby and waiting area, a receptionist office, eight private offices, an open work area, and a conference room. Additional improvements include a spacious kitchen/break room and three ADA-compliant restrooms. All plumbing has been preserved, supporting continued medical use or conversion to other professional services.
The property sits on Old Jefferson Hwy just north of Hwy 42 and off Airline Hwy, providing convenient access for patients and staff. Ample parking is available for day-to-day operations. The site is zoned MU2 for Mixed Use 2 Corridors.
This well-organized configuration is designed for efficient patient or client flow, with dedicated front-of-house space, private offices for exam or consultation needs, and an open work area for supporting functions.
The property sits on Old Jefferson Hwy just north of Hwy 42 and off Airline Hwy, providing convenient access for patients and staff. Ample parking is available for day-to-day operations. The site is zoned MU2 for Mixed Use 2 Corridors.
This well-organized configuration is designed for efficient patient or client flow, with dedicated front-of-house space, private offices for exam or consultation needs, and an open work area for supporting functions.
Key Highlights
- 3,262 SF updated medical office within a professional office park
- Layout includes large lobby and waiting area, receptionist office, 8 private offices, open work area, and conference room
- Spacious kitchen/break room plus 3 ADA‑compliant restrooms
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
$38,019
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
5.07%
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%
$760,380
$760.4K
Cap Rate 7%
$543,129
$543.1K
Cap Rate 9%
$422,433
$422.4K
Market Conditions
NOI Build-Up for 3,262 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
$72.4K $22.20/SF
− Vacancy
−$9.1K −$2.78/SF
EGI
$63.4K $19.43/SF
− OpEx
−$25.3K −$7.77/SF
NOI
$38.0K $11.66/SF
Area
Ascension County, LA
Vacancy
12.50%
Lease Rate
$22.20 /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%
$760,380
Cap Rate 7%
$543,129
Cap Rate 9%
$422,433
Alternative Uses
Best Use
Healthcare Medical
$543.1K
$475.2K – $633.7K
NOI $38,019 @ 7.0% cap · market cap 5.07%
Second Best
Office B
$490.7K
$429.4K – $572.5K
NOI $34,349 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$715.8K
$626.3K – $835.1K
NOI $50,104 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
738
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
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 center - Updated medical office within a professional office park, featuring a large lobby, multiple private offices, and ADA-compliant restrooms.
Where is this medical center located?
The property is located at 17505 Old Jefferson Hwy Prairieville, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,262 SF updated medical office within a professional office park; Layout includes large lobby and waiting area, receptionist office, 8 private offices, open work area, and conference room; Spacious kitchen/break room plus 3 ADA‑compliant restrooms
