Purpose-Built Medical
For Sale
Contact for pricing
1970 W Laurel Ave, Eunice, LA 70535
Healthcare facility completed in 2018 and occupied under a long-term lease with renewal options and annual escalations.
Property Size3,750 SF
Price / SF$333.33
Days on Market132
Property Features for 1970 W Laurel Ave
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$109,186
Building Details
Year Built
2018
Tenancy
Single
Listing Agency:
Sands Investment Group
(844) 474-4666
Listed By:
Andrew Ackerman · License #GA 311619
Source:
Crexi
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 30 at 1:51AM
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 Sands Investment Group
Investment Insights
Based on property information with market context.
Located at 1970 W Laurel Avenue in Eunice, Louisiana, this 3,750-square-foot medical center was completed in 2018 for urgent care operations. The facility is occupied by SouthStar Urgent Care and serves as a dedicated healthcare property rather than a general office configuration.
The lease includes 20 years of renewal options and built-in annual rent escalations. Its current occupancy, purpose-built design, and documented lease structure provide a clearly defined profile for healthcare-focused ownership.
The lease includes 20 years of renewal options and built-in annual rent escalations. Its current occupancy, purpose-built design, and documented lease structure provide a clearly defined profile for healthcare-focused ownership.
Key Highlights
- 3,750 SF medical center completed in 2018
- Purpose‑built for urgent care operations
- Occupied by SouthStar Urgent Care
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
$35,039
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
2.80%
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%
$700,780
$700.8K
Cap Rate 7%
$500,557
$500.6K
Cap Rate 9%
$389,322
$389.3K
Market Conditions
NOI Build-Up for 3,750 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
$65.2K $17.40/SF
− Vacancy
−$6.9K −$1.83/SF
EGI
$58.4K $15.57/SF
− OpEx
−$23.4K −$6.23/SF
NOI
$35.0K $9.34/SF
Area
St. Landry County, LA
Vacancy
10.50%
Lease Rate
$17.40 /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%
$700,780
Cap Rate 7%
$500,557
Cap Rate 9%
$389,322
Alternative Uses
Best Use
Healthcare Medical
$500.6K
$438.0K – $584.0K
NOI $35,039 @ 7.0% cap · market cap 2.80%
Second Best
Office B
$409.8K
$358.6K – $478.1K
NOI $28,688 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$565.7K
$495.0K – $660.0K
NOI $39,600 @ 7.0% cap · market cap 3.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 70535, LA
17,292
Population
7,749
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
80%
High-School Grad
160.6 sq mi
ZIP Area
108
Density / Sq Mi
$44,804
Median Household Income
$38,598
Median Earnings
$789
Median Rent
$161,200
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 - Healthcare facility completed in 2018 and occupied under a long-term lease with renewal options and annual escalations.
Where is this medical center located?
The property is located at 1970 W Laurel Ave Eunice, LA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,750 SF medical center completed in 2018; Purpose‑built for urgent care operations; Occupied by SouthStar Urgent Care
