Corner Lot Medical Office
For Sale
$185,000
24310 Eden St, Plaquemine, LA 70764
Freestanding medical office building on a corner lot with ample concrete parking and a newer roof.
Property Size960 SF
Price / SF$192.71
Days on Market94
Property Features for 24310 Eden St
General Information
Standard status
Active
Size
960 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Reception area/Waiting Room
2 exam rooms and/or offices
restroom
storage areas
employee break room
Listing Agency:
Homestead Realty
Listed By:
Charley Robinson · License #B11179
(815) 539-3811
Source:
Smithsquared
Added: Jul 24
Changed: Oct 4
Last Checked: Oct 24 at 9:44PM
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 Homestead Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Freestanding commercial building on a corner lot with ample concrete parking and a newer roof. The space was previously used as a dentist office and includes a reception/waiting room, two exam rooms and/or offices, restroom, storage areas, and an employee break room.
The property consists of Lots 1, 2, and 3, with an additional Lot 4 available that borders Lots 1, 2, and 3 and fronts Supple Street. The site is located on LA Hwy 1 (Eden Street) and Supple Street.
While the building has medical office history, the layout also supports flexibility for office, retail, medical, or other uses, subject to applicable approvals.
The property consists of Lots 1, 2, and 3, with an additional Lot 4 available that borders Lots 1, 2, and 3 and fronts Supple Street. The site is located on LA Hwy 1 (Eden Street) and Supple Street.
While the building has medical office history, the layout also supports flexibility for office, retail, medical, or other uses, subject to applicable approvals.
Key Highlights
- Corner lot commercial property on LA Hwy 1 (Eden Street) and Supple Street
- Freestanding building with newer roof and ample concrete parking
- Former dentist office layout with reception/waiting room, 2 exam rooms and/or offices, restroom, storage, and employee break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,241
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,820
$184.8K
Cap Rate 7%
$132,014
$132.0K
Cap Rate 9%
$102,678
$102.7K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$16.1K $16.80/SF
− Vacancy
−$726 −$0.76/SF
EGI
$15.4K $16.04/SF
− OpEx
−$6.2K −$6.42/SF
NOI
$9.2K $9.63/SF
Area
Iberville County, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,820
Cap Rate 7%
$132,014
Cap Rate 9%
$102,678
Alternative Uses
Best Use
Healthcare Medical
$132.0K
$115.5K – $154.0K
NOI $9,241 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$131.2K
$114.8K – $153.0K
NOI $9,182 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$229.9K
$201.2K – $268.2K
NOI $16,094 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70764, LA
15,616
Population
7,419
Households
2.1
Avg Household Size
43
Median Age
15%
College-Educated
80%
High-School Grad
189.0 sq mi
ZIP Area
83
Density / Sq Mi
$64,518
Median Household Income
$41,883
Median Earnings
$848
Median Rent
$174,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office building on a corner lot with ample concrete parking and a newer roof.
Where is this medical office space located?
The property is located at 24310 Eden St Plaquemine, LA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Corner lot commercial property on LA Hwy 1 (Eden Street) and Supple Street; Freestanding building with newer roof and ample concrete parking; Former dentist office layout with reception/waiting room, 2 exam rooms and/or offices, restroom, storage, and employee break room
