Ashland Oaks Office/Warehouse
For Sale
Contact for pricing
300 Ashland Way, Madisonville, LA 70447
Class A office and warehouse in Ashland Oaks Corporate Park.
Property Size21,995 SF
Lot Size3.62 Acres
Price / SF$118.21
Days on Market80
Property Features for 300 Ashland Way
General Information
Standard status
Active
Size
21,995 SF
Lot size
3.62 Acres
Property subtype
Land
Building Details
Year Built
1990
Listing Agency:
Williams & Williams Real Estate Auctions
(800) 801-8003
Listed By:
Keith Babb
Source:
Crexi
Added: May 21
Changed: Aug 8
Last Checked: Aug 8 at 7:38AM
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 Williams & Williams Real Estate Auctions
Investment Insights
Based on property information with market context.
This is a 21,995 square foot Class A office building constructed in 2009, situated on approximately 3.62 acres within the Ashland Oaks Corporate Park, adjacent to I-12. The building features 19,119 square feet of office space and 2,875 square feet of warehouse space. Construction consists of a concrete slab, steel framing, and a brick and metal exterior. The office area includes seven private offices, a reception/waiting area, a large conference room, a breakroom, two restrooms, two classrooms, a copy room, storage, and an electrical room. The warehouse area provides approximately 664 square feet of conditioned space and is equipped with two roll-up doors. The property is located approximately halfway between New Orleans and Baton Rouge, presenting an opportunity for investors or end users.
Key Highlights
- Class A office building with 19,119+/-sf of office space and 2,875+/-sf of warehouse space.
- Built in 2009, offering modern construction and design.
- Located in Ashland Oaks Corporate Park, adjacent to I‑12.
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
$163,046
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
6.27%
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%
$3,260,920
$3.3M
Cap Rate 7%
$2,329,229
$2.3M
Cap Rate 9%
$1,811,622
$1.8M
Market Conditions
NOI Build-Up for 21,995 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
$198.0K $9.00/SF
− Vacancy
−$6.1K −$0.28/SF
EGI
$191.8K $8.72/SF
− OpEx
−$28.8K −$1.31/SF
NOI
$163.0K $7.41/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$3,260,920
Cap Rate 7%
$2,329,229
Cap Rate 9%
$1,811,622
Alternative Uses
Best Use
Office B
$3.57M
$3.12M – $4.16M
NOI $249,583 @ 7.0% cap · market cap 9.60%
Second Best
Warehouse
$2.33M
$2.04M – $2.72M
NOI $163,046 @ 7.0% cap · market cap 6.27%
Theoretical Best
Multifamily LT 5
$237.11M
$207.47M – $276.63M
NOI $16,597,603 @ 7.0% cap · market cap 638.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 70447, LA
17,120
Population
6,020
Households
2.8
Avg Household Size
36
Median Age
55%
College-Educated
98%
High-School Grad
31.0 sq mi
ZIP Area
552
Density / Sq Mi
$123,841
Median Household Income
$53,770
Median Earnings
$2,182
Median Rent
$390,600
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 - Class A office and warehouse in Ashland Oaks Corporate Park.
Where is this office building located?
The property is located at 300 Ashland Way Madisonville, LA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Class A office building with 19,119+/-sf of office space and 2,875+/-sf of warehouse space.; Built in 2009, offering modern construction and design.; Located in Ashland Oaks Corporate Park, adjacent to I‑12.
