300 Ashland Way, Madisonville, LA 70447

Building Details

Year Built 1990 More

Listing Agency: Williams & Williams Real Estate Auctions

Listed By: Keith Babb Show Phone

Source: Crexi

Added: May 21 Changed: Aug 8 Last Checked: Aug 8 at 7:38AM

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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 / Yr

$163,046

Cap Rate

6.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,260,920 $3.3M

Cap Rate 7%

$2,329,229 $2.3M

Cap Rate 9%

$1,811,622 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 21,995 SF

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 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 (±1% cap)

NOI $249,583 @ 7.0% cap · market cap 9.60%

Second Best

Warehouse

$2.33M

$2.04M – $2.72M (±1% cap)

NOI $163,046 @ 7.0% cap · market cap 6.27%

Theoretical Best

Specialty Retail

$5.62M

$4.92M – $6.55M (±1% cap)

NOI $393,218 @ 7.0% cap · market cap 15.12%

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

Open Analytics

Current Use

American Red Cross ... Training Center American Red Cross Social Service Agency

Suggested Use

Top Pick Auto Parts Store Hair Salon Pharmacy Electrical Service Auto Repair Shop Spa & Massage Center

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

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

Average Price Trend$/SF for Office buildings in St. Tammany County, LA

$113 Jul

$141 Aug

$161 Sep

$167 Oct

Properties on Market for Office buildings in St. Tammany County

Jul

Aug

Sep

Oct

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?

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.