Medical Center
For Sale
$1,300,000
21501 Hwy 36, Abita Springs, LA 70420
Commercially zoned healthcare facility built in 2007.
Property Size6,373 SF
Price / SF$203.99
Days on Market897
Property Features for 21501 Hwy 36
General Information
Standard status
Active
Size
6,373 SF
Property subtype
Office
Zoning
COMMERCIAL
Net Operating Income
$102,000
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Dale A. Stram and Assoc, Inc.
(504) 236-5770
Listed By:
Dale Stram
(504) 236-5770
Source:
Lacdb.resimplifi
Added: Mar 19, 2024
Changed: Aug 30
Last Checked: Aug 31 at 1:35PM
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 Dale A. Stram and Assoc, Inc.
Investment Insights
Based on property information with market context.
Located at 21501 Hwy 36 in Abita Springs, Louisiana, this 6,373-square-foot medical center facility was constructed in 2007. The property is zoned COMMERCIAL and is configured for healthcare-related use.
The facility’s medical-center classification and existing building area provide a defined commercial asset profile for users seeking an established healthcare property. Its location on Hwy 36 places the building along a named roadway in Abita Springs.
The facility’s medical-center classification and existing building area provide a defined commercial asset profile for users seeking an established healthcare property. Its location on Hwy 36 places the building along a named roadway in Abita Springs.
Key Highlights
- 6,373‑square‑foot medical center facility
- Constructed in 2007
- COMMERCIAL zoning
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
$80,192
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
6.17%
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%
$1,603,840
$1.6M
Cap Rate 7%
$1,145,600
$1.1M
Cap Rate 9%
$891,022
$891.0K
Market Conditions
NOI Build-Up for 6,373 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
$140.0K $21.96/SF
− Vacancy
−$6.3K −$0.99/SF
EGI
$133.7K $20.97/SF
− OpEx
−$53.5K −$8.39/SF
NOI
$80.2K $12.58/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$21.96 /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%
$1,603,840
Cap Rate 7%
$1,145,600
Cap Rate 9%
$891,022
Alternative Uses
Best Use
Healthcare Medical
$1.15M
$1.00M – $1.34M
NOI $80,192 @ 7.0% cap · market cap 6.17%
Second Best
Office B
$1.03M
$904.0K – $1.21M
NOI $72,316 @ 7.0% cap · market cap 5.56%
Theoretical Best
Multifamily LT 5
$68.70M
$60.11M – $80.15M
NOI $4,809,117 @ 7.0% cap · market cap 369.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 70420, LA
8,030
Population
3,027
Households
2.7
Avg Household Size
43
Median Age
35%
College-Educated
96%
High-School Grad
63.8 sq mi
ZIP Area
126
Density / Sq Mi
$72,180
Median Household Income
$44,204
Median Earnings
$1,141
Median Rent
$278,300
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 - Commercially zoned healthcare facility built in 2007.
Where is this medical center located?
The property is located at 21501 Hwy 36 Abita Springs, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,373‑square‑foot medical center facility; Constructed in 2007; COMMERCIAL zoning
