Turnkey Cubicle Office
For Sale
$425,000
309 N Huntington Street, Sulphur, LA 70663
Commercial Sale - Sulphur, LA
Property Size3,600 SF
Lot Size0.67 Acres
Price / SF$118.06
Days on Market50
Property Features for 309 N Huntington Street
General Information
Property type
Other
Property subtype
Office
Zoning
commercial
Directions
From I-10 Exit 20, Right on Ruth Street, keep straight on Huntington, building will be on the left on the corner of North Huntington and W lincoln
Standard status
Active
APN
00660175
Lot size
0.67 Acres
Building Details
Year built
1971
Floors in Building
1
Listing Agency:
Coldwell Banker Ingle Safari R · Coldwell Banker Real Estate
(337) 478-1601
Listed By:
STEVE FLOYD · License #912122392
(337) 478-1601
Added: Jul 2
Last Checked: Aug 20 at 10:06PM
MLS# 4154
Copyright © 2026 Southwest Louisiana Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This professional office building offers a turnkey interior designed for day-to-day office operations, with 27 cubicles providing a mix of individual workstations and shared team collaboration. The space also includes a dedicated conference room for client meetings, presentations, and internal strategy sessions, along with a kitchenette for staff convenience. The property is presented as ready for immediate use with minimal modifications, and it totals 3,600 square feet on a 0.67-acre site spanning multiple lots.
Located in downtown Sulphur, the property provides access to W Lincoln and W Lyons Street and includes ample parking for employees and visitors. The building sits directly across from Missie’s Grocery, placing it within close proximity to local dining, retail, and everyday conveniences.
With its efficient workstation layout and built-in meeting space, the building is well suited to engineering firms and other professional services that need a centralized office environment. Businesses seeking a straightforward, office-ready configuration—supported by convenient access and parking—may find this setup practical for both day-to-day operations and client-facing work.
Located in downtown Sulphur, the property provides access to W Lincoln and W Lyons Street and includes ample parking for employees and visitors. The building sits directly across from Missie’s Grocery, placing it within close proximity to local dining, retail, and everyday conveniences.
With its efficient workstation layout and built-in meeting space, the building is well suited to engineering firms and other professional services that need a centralized office environment. Businesses seeking a straightforward, office-ready configuration—supported by convenient access and parking—may find this setup practical for both day-to-day operations and client-facing work.
Key Highlights
- 3,600 SF professional office building built in 1971 in downtown Sulphur
- Interior layout includes 27 cubicles plus a dedicated conference room
- Kitchenette included, supporting daily breaks and office convenience
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
$31,590
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
7.43%
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%
$631,800
$631.8K
Cap Rate 7%
$451,286
$451.3K
Cap Rate 9%
$351,000
$351.0K
Market Conditions
NOI Build-Up for 3,600 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
$54.0K $15.00/SF
− Vacancy
−$11.9K −$3.30/SF
EGI
$42.1K $11.70/SF
− OpEx
−$10.5K −$2.93/SF
NOI
$31.6K $8.78/SF
Area
Calcasieu County, LA
Vacancy
22.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$631,800
Cap Rate 7%
$451,286
Cap Rate 9%
$351,000
Alternative Uses
Best Use
Office B
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$776.0K
$679.0K – $905.3K
NOI $54,319 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27
Office units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 70663, LA
29,325
Population
12,767
Households
2.3
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
97.8 sq mi
ZIP Area
300
Density / Sq Mi
$59,444
Median Household Income
$37,587
Median Earnings
$914
Median Rent
$174,300
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 - Functional office layout with cubicles, a conference room, and kitchenette, supported by ample on-site parking.
Where is this office building located?
The property is located at 309 N Huntington Street Sulphur, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,600 SF professional office building built in 1971 in downtown Sulphur; Interior layout includes 27 cubicles plus a dedicated conference room; Kitchenette included, supporting daily breaks and office convenience
