Building Details

Year Built 1985

Buildings 2

Construction brick

Listing Agency: Barden Realty, LLC

Listed By: Alyce Cartier · License #995716570 Show Phone

Source: Dominionplace

Added: Sep 9 Changed: Oct 25 Last Checked: Oct 7 at 5:28PM

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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

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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 / Yr

$44,089

Cap Rate

7.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$881,780 $881.8K

Cap Rate 7%

$629,843 $629.8K

Cap Rate 9%

$489,878 $489.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,580 SF

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 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. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Electrical Service Garden Center Plumbing Service Kitchen & Bath Showroom

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

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