Renovated Office
For Sale
$399,000
337 HIGHWAY 21, Madisonville, LA 70447
Commercial Sale, Madisonville, LA
Property Size1,732 SF
Price / SF$230.37
Days on Market172
Property Features for 337 HIGHWAY 21
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Parking
3
Parking features
Parking Lot, Assigned
Standard status
Active
APN
10942
Size
1,732 SF
Additional Details
Property Use
Office
Condition
Newly Renovated
Taxes and HOA fees
Tax Description
MADISON OFFICE CONDO UNIT B (16335.86 SQ FT) CB 883 885 INST NO 1587876 INST NO 1709917
Legal Description
MADISON OFFICE CONDO UNIT B (16335.86 SQ FT) CB 883 885 INST NO 1587876 INST NO 1709917
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2020
Floors in Building
1
Building materials
Stucco
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Bryan Alan Trevathan · License #995705611
(985) 276-7779
Added: May 6
Changed: Oct 23
Last Checked: Oct 24 at 9:06PM
MLS# 2555288
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,732-square-foot office condo occupies the second floor and includes five executive offices plus another office with glass doors opening to a balcony. The layout also provides a conference room, reception and waiting areas, a private bathroom, and a large kitchen. Interior updates include new flooring and paint. The roof was replaced in April 2025, and the AC system was comprehensively updated in 2022, including new returns in every room, ductwork, and an insulated attic entrance.
The building dates to 2020 and has stucco construction. Parking is available in a lot, with assigned spaces. Public water and sewer serve the property, and zoning is COMM. Condo fees cover exterior and common-area maintenance, including pest and termite control and gutter cleaning.
The building dates to 2020 and has stucco construction. Parking is available in a lot, with assigned spaces. Public water and sewer serve the property, and zoning is COMM. Condo fees cover exterior and common-area maintenance, including pest and termite control and gutter cleaning.
Key Highlights
- 1,732‑square‑foot office condo on the second floor
- Five executive offices plus an additional office with balcony access
- Conference room, reception and waiting areas, private bathroom, and large kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,653
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,060
$393.1K
Cap Rate 7%
$280,757
$280.8K
Cap Rate 9%
$218,367
$218.4K
Market Conditions
NOI Build-Up for 1,732 SF
Gross rent
$33.9K $19.56/SF
− Vacancy
−$7.7K −$4.43/SF
EGI
$26.2K $15.13/SF
− OpEx
−$6.6K −$3.78/SF
NOI
$19.7K $11.35/SF
Area
St. Tammany County, LA
Vacancy
22.65%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,060
Cap Rate 7%
$280,757
Cap Rate 9%
$218,367
Alternative Uses
Best Use
Office B
$280.8K
$245.7K – $327.6K
NOI $19,653 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$18.67M
$16.34M – $21.78M
NOI $1,306,981 @ 7.0% cap · market cap 327.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The second-floor suite combines private offices with meeting space, reception, a waiting area, and a kitchen.
Where is this office unit located?
The property is located at 337 HIGHWAY 21 Madisonville, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,732‑square‑foot office condo on the second floor; Five executive offices plus an additional office with balcony access; Conference room, reception and waiting areas, private bathroom, and large kitchen
