Three-Office
For Sale
Contact for pricing
31625 HIGHWAY 22, Springfield, LA 70462
The layout includes a kitchen area, an entry room, and a rear yard.
Property Size1,000 SF
Price / SF$1.00
Days on Market96
Property Features for 31625 HIGHWAY 22
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
3
Property Use
Office
Amenities
kitchen area
entry room
rear yard
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Dale Mayeaux · License #0995700258
(225) 603-0610
Source:
Geauxsouthrealty
Added: Jul 29
Changed: Oct 31
Last Checked: Oct 31 at 2:40PM
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 Keller Williams Realty Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building is arranged as three offices, with a kitchen area and a separate entry room. A rear yard provides additional outdoor space. The property is in downtown Springfield and has frontage on Highway 22.
Key Highlights
- Three‑office building
- Kitchen area and separate entry room
- Rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,565
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,300
$191.3K
Cap Rate 7%
$136,643
$136.6K
Cap Rate 9%
$106,278
$106.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$13.1K $13.08/SF
− Vacancy
−$327 −$0.33/SF
EGI
$12.8K $12.75/SF
− OpEx
−$3.2K −$3.19/SF
NOI
$9.6K $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%
$191,300
Cap Rate 7%
$136,643
Cap Rate 9%
$106,278
Alternative Uses
Best Use
Office B
$136.6K
$119.6K – $159.4K
NOI $9,565 @ 7.0% cap · market cap 956.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$239.5K
$209.6K – $279.4K
NOI $16,764 @ 7.0% cap · market cap 1,676.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 70462, LA
5,490
Population
3,042
Households
1.8
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
79.6 sq mi
ZIP Area
69
Density / Sq Mi
$62,520
Median Household Income
$32,195
Median Earnings
$1,393
Median Rent
$238,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The layout includes a kitchen area, an entry room, and a rear yard.
Where is this office building located?
The property is located at 31625 HIGHWAY 22 Springfield, LA.
What are key features of this property?
This property features: Three‑office building; Kitchen area and separate entry room; Rear yard
