Building Details

Year Built 1985

Buildings 2

Construction brick

Listing Agency: Barden Realty, LLC

Listed By: Alyce Cartier Show Phone

Source: Dominionplace

Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 2:59PM

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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 Barden Realty, LLC

Investment Insights

Based on property information with market context.

This mixed-use property includes a 4,264-square-foot main building arranged in two distinct sections. One side offers a residential-style layout with a full kitchen, upscale bathroom, steam shower, and jacuzzi tub. The other is a built-out medical office formerly used for dental practice operations. Separate entrances and covered porches support the divided configuration, while an on-site generator adds backup power capability.

A second standalone building contains 1,542 square feet and includes a half bath, allowing office or retail use. Both structures feature brick siding and metal roofs, and the property was built in 1985. Located at 29906 S Montpelier Rd in Albany, Louisiana, the site has exposure along a busy main road. Existing leases are to be honored.

Key Highlights

• 4,264‑square‑foot main building with separate residential‑style and medical office sections
• 1,542‑square‑foot standalone building with office or retail configuration
• Medical office area was previously used for dental practice operations

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

$44,089

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

7.36%

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%

$881,780 $881.8K

Cap Rate 7%

$629,843 $629.8K

Cap Rate 9%

$489,878 $489.9K

Market Conditions

NOI Build-Up for 4,580 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

$76.9K $16.80/SF

− Vacancy

−$3.5K −$0.76/SF

EGI

$73.5K $16.04/SF

− OpEx

−$29.4K −$6.42/SF

NOI

$44.1K $9.63/SF

Area

Livingston 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 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%

$881,780

Cap Rate 7%

$629,843

Cap Rate 9%

$489,878

Alternative Uses

Best Use

Healthcare Medical

$629.8K

$551.1K – $734.8K (±1% cap)

NOI $44,089 @ 7.0% cap · market cap 7.36%

Second Best

Office B

$625.8K

$547.6K – $730.1K (±1% cap)

NOI $43,807 @ 7.0% cap · market cap 7.31%

Theoretical Best

Specialty Retail

$1.10M

$959.8K – $1.28M (±1% cap)

NOI $76,781 @ 7.0% cap · market cap 12.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Garden Center Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

181

Businesses Nearby

Explore this area Business Placement

Demographics for 70711, LA

5,243

Population

2,350

Households

2.2

Avg Household Size

37

Median Age

17%

College-Educated

83%

High-School Grad

18.4 sq mi

ZIP Area

285

Density / Sq Mi

$89,274

Median Household Income

$44,566

Median Earnings

$860

Median Rent

$221,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two brick buildings combine medical office, residential-style, office, and retail configurations with separate entrances and covered porches.

Where is this mixed-use property located?

The property is located at 29906 S Montpelier Rd Albany, LA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 4,264‑square‑foot main building with separate residential‑style and medical office sections; 1,542‑square‑foot standalone building with office or retail configuration; Medical office area was previously used for dental practice operations