Medical Office
For Sale
$279,000
2218 George Dr, Opelousas, LA 70570
Existing medical office suitable for professional or healthcare-related reuse.
Property Size2,822 SF
Price / SF$98.87
Days on Market87
Property Features for 2218 George Dr
General Information
Standard status
Active
Size
2,822 SF
Building Details
Buildings
1
Listing Agency:
Hargroder Real Estate Group
Listed By:
Dwayne P Hargroder · License #995696954
(337) 945-4888
Source:
Athomerealtyla
Added: Jul 21
Changed: Oct 10
Last Checked: Oct 7 at 4:06PM
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 Hargroder Real Estate Group
Investment Insights
Based on property information with market context.
This 2,822-square-foot medical office property is currently configured as a physical therapy office. The existing use provides a foundation for continued healthcare occupancy or conversion to another professional setting.
Located at 2218 George Dr in Opelousas, Louisiana, the building is also identified as suitable for uses such as home health, family medicine, dentistry, urgent care, dialysis, or an insurance agency.
Located at 2218 George Dr in Opelousas, Louisiana, the building is also identified as suitable for uses such as home health, family medicine, dentistry, urgent care, dialysis, or an insurance agency.
Key Highlights
- 2,822‑square‑foot medical office property
- Existing physical therapy office configuration
- Potential reuse for home health, family medicine, dentistry, urgent care, or dialysis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,588
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,760
$431.8K
Cap Rate 7%
$308,400
$308.4K
Cap Rate 9%
$239,867
$239.9K
Market Conditions
NOI Build-Up for 2,822 SF
Gross rent
$33.9K $12.00/SF
− Vacancy
−$5.1K −$1.80/SF
EGI
$28.8K $10.20/SF
− OpEx
−$7.2K −$2.55/SF
NOI
$21.6K $7.65/SF
Area
St. Landry County, LA
Vacancy
15.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,760
Cap Rate 7%
$308,400
Cap Rate 9%
$239,867
Alternative Uses
Best Use
Healthcare Medical
$376.7K
$329.6K – $439.5K
NOI $26,368 @ 7.0% cap · market cap 9.45%
Second Best
Office B
$308.4K
$269.9K – $359.8K
NOI $21,588 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$425.7K
$372.5K – $496.7K
NOI $29,800 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing medical office suitable for professional or healthcare-related reuse.
Where is this medical office space located?
The property is located at 2218 George Dr Opelousas, LA.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 2,822‑square‑foot medical office property; Existing physical therapy office configuration; Potential reuse for home health, family medicine, dentistry, urgent care, or dialysis
