Office Suite with Waiting
For Sale
$199,000
231 Capitol St, Denham Springs, LA 70726
Well-maintained office space includes two private offices, a waiting area, and a kitchenette.
Property Size932 SF
Price / SF$213.52
Days on Market170
Property Features for 231 Capitol St
General Information
Standard status
Active
Size
932 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,973
Amenities
private offices
waiting area
kitchenette
Listing Agency:
Crescent Sotheby's International Realty
(225) 271-8845
Listed By:
Kay Landry · License #0000078179
(225) 938-3543
Source:
Exprealty
Added: Mar 23
Changed: Aug 20
Last Checked: Sep 8 at 7:53AM
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 Crescent Sotheby's International Realty
Investment Insights
Based on property information with market context.
This well-maintained office suite is set up with two private offices, a spacious waiting area for clients, and a kitchenette. The layout is designed to support everyday professional and administrative use.
The property is offered for sale in a convenient location at 231 Capitol St in Denham Springs, Louisiana. It includes plenty of on-site parking and easy access to the interstate for employees and visitors.
The current configuration supports a reception-style client flow with separate offices for staff, along with on-site kitchenette convenience.
The property is offered for sale in a convenient location at 231 Capitol St in Denham Springs, Louisiana. It includes plenty of on-site parking and easy access to the interstate for employees and visitors.
The current configuration supports a reception-style client flow with separate offices for staff, along with on-site kitchenette convenience.
Key Highlights
- Well‑maintained office space with two private offices
- Includes a spacious client waiting area
- Features a kitchenette for employees
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
$8,914
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
4.48%
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%
$178,280
$178.3K
Cap Rate 7%
$127,343
$127.3K
Cap Rate 9%
$99,044
$99.0K
Market Conditions
NOI Build-Up for 932 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
$12.2K $13.08/SF
− Vacancy
−$305 −$0.33/SF
EGI
$11.9K $12.75/SF
− OpEx
−$3.0K −$3.19/SF
NOI
$8.9K $9.56/SF
Area
Livingston County, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
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%
$178,280
Cap Rate 7%
$127,343
Cap Rate 9%
$99,044
Alternative Uses
Best Use
Office B
$127.3K
$111.4K – $148.6K
NOI $8,914 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$223.2K
$195.3K – $260.4K
NOI $15,624 @ 7.0% cap · market cap 7.85%
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
814
Businesses Nearby
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?
Office building - Well-maintained office space includes two private offices, a waiting area, and a kitchenette.
Where is this office building located?
The property is located at 231 Capitol St Denham Springs, LA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Well‑maintained office space with two private offices; Includes a spacious client waiting area; Features a kitchenette for employees
