Multi-Suite Office
For Sale
Contact for pricing
31388 LA HWY 16, Denham Springs, LA 70726
Three separately configured suites offer office layouts with private restrooms and shared reception and kitchen features.
Property Size2,700 SF
Price / SF$1.11
Days on Market66
Property Features for 31388 LA HWY 16
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Commercial
Additional Details
Condition
Built-Out
Highway Access
Yes
Office Units
3
Property Use
Office
Building Details
Year Built
2000
Buildings
1
Building Size
2,700 SF
Listing Agency:
Covington & Associates Real Estate, LLC
(225) 667-3711
Listed By:
James Goolsby · License #69174
(225) 571-4149
Source:
Geauxsouthrealty
Added: Aug 28
Changed: Oct 31
Last Checked: Oct 31 at 2:18PM
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 Covington & Associates Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 2,700-square-foot office building was constructed in 2000 and contains 10 offices and three restrooms. The property is arranged as three suites, each with its own office configuration and restroom. Suite A is 725 square feet with three offices; Suite B is 910 square feet with a reception and waiting area, two offices, and a kitchen; Suite C is 1,065 square feet with five offices.
The building is at 31388 LA Hwy 16 in Denham Springs, south of Lockhart Crossing. On-site parking is available.
The building is at 31388 LA Hwy 16 in Denham Springs, south of Lockhart Crossing. On-site parking is available.
Key Highlights
- 2,700‑square‑foot office building built in 2000
- 10 offices and 3 restrooms across the building
- Suite A: 725 SF with 3 offices and 1 restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,825
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,500
$516.5K
Cap Rate 7%
$368,929
$368.9K
Cap Rate 9%
$286,944
$286.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$35.3K $13.08/SF
− Vacancy
−$883 −$0.33/SF
EGI
$34.4K $12.75/SF
− OpEx
−$8.6K −$3.19/SF
NOI
$25.8K $9.56/SF
Area
Livingston County, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,500
Cap Rate 7%
$368,929
Cap Rate 9%
$286,944
Alternative Uses
Best Use
Office B
$368.9K
$322.8K – $430.4K
NOI $25,825 @ 7.0% cap · market cap 860.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$646.6K
$565.8K – $754.4K
NOI $45,264 @ 7.0% cap · market cap 1,508.80%
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
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Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 70726, LA
59,586
Population
24,925
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
88.2 sq mi
ZIP Area
676
Density / Sq Mi
$77,129
Median Household Income
$41,240
Median Earnings
$1,180
Median Rent
$215,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Three separately configured suites offer office layouts with private restrooms and shared reception and kitchen features.
Where is this office building located?
The property is located at 31388 LA HWY 16 Denham Springs, LA.
What are key features of this property?
This property features: 2,700‑square‑foot office building built in 2000; 10 offices and 3 restrooms across the building; Suite A: 725 SF with 3 offices and 1 restroom
