Downtown Jena Commercial
For Sale
Contact for pricing
2706 E Oak Street, Jena, LA 71342
Prime commercial spot with high visibility and room to grow.
Property Size1,440 SF
Lot Size0.50 Acres
Price / SF$159.72
Days on Market181
Property Features for 2706 E Oak Street
General Information
Standard status
Active
Size
1,440 SF
Lot size
0.50 Acres
Property subtype
Special Purpose
Listing Agency:
CENTURY 21 Buelow-Miller Realty
(318) 992-3026
Listed By:
Dana Chapman · License #LA
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 9 at 9:43AM
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 CENTURY 21 Buelow-Miller Realty
Investment Insights
Based on property information with market context.
This property is located in downtown Jena and offers a commercial opportunity with high visibility. The approximately 0.5-acre lot includes a 1,440 sq ft building featuring six rooms, a utility room, and a full bath. The building is suitable for a medical or professional office, daycare, retail shop, restaurant, or mixed-use space. It features a full-length front porch. The property has dual access from East Oak and Elm Street and extra acreage for expansion. It is surrounded by established businesses and is within walking distance of McDonald’s, Sonic, Subway, AutoZone, local boutiques, eateries, and Airbnb's.
Key Highlights
- Prime downtown location with high visibility.
- Versatile 1,440 sq ft building suitable for various commercial uses.
- Large ½‑acre lot with room for expansion.
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
$13,064
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
5.68%
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%
$261,280
$261.3K
Cap Rate 7%
$186,629
$186.6K
Cap Rate 9%
$145,156
$145.2K
Market Conditions
NOI Build-Up for 1,440 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
$20.7K $14.40/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$18.7K $12.96/SF
− OpEx
−$5.6K −$3.89/SF
NOI
$13.1K $9.07/SF
Area
LaSalle, IL
La Salle County, LA
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$261,280
Cap Rate 7%
$186,629
Cap Rate 9%
$145,156
Alternative Uses
Best Use
Retail
$186.6K
$163.3K – $217.7K
NOI $13,064 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.4K
$315.4K – $420.5K
NOI $25,229 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71342, LA
8,100
Population
3,556
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
83%
High-School Grad
159.1 sq mi
ZIP Area
51
Density / Sq Mi
$80,556
Median Household Income
$49,028
Median Earnings
$533
Median Rent
$154,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Prime commercial spot with high visibility and room to grow.
Where is this storefront property located?
The property is located at 2706 E Oak Street Jena, LA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Prime downtown location with high visibility.; Versatile 1,440 sq ft building suitable for various commercial uses.; Large ½‑acre lot with room for expansion.
