389 HWY 21, Madisonville, LA 70447
COMMERCIAL - Madisonville, LA
- Added:
- Jun 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 1:06 am
Property Features for 389 HWY 21
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Parking features
- Driveway
- Standard status
- Active
- APN
- 39014
- Size
- 925 SF
Utilities
- Water source
- Public
Building Details
- Year built
- 2008
- Floors in Building
- 1
Listing agent Louise Brady License #000054041 (504) 300-0700
Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA (504) 300-0700
Listing date Jun 9, 2026
Copyright © 2026 New Orleans Metropolitan 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.
HighLights
- Office condo on Highway 21 just south of I‑12
- Tenant in place for current income through end of year 2026
- Year built 2008
- Public water source
- No carpet in the condo
- Disability features and granite counters
Overview
The location is on Highway 21 just south of I-12 in Madisonville, providing direct access to a major regional corridor. Public remarks also indicate the property is suited for businesses looking to be along this travel route.
For investors or owner-operators, the condo is described as currently occupied, with income expected through the end of year 2026. That existing tenancy may be relevant for a buyer looking to take over a unit with an in-place occupant rather than starting from vacancy. The unit’s office buildout details—such as the lack of carpet, granite counters, and disability accommodations—can also matter for tenants evaluating day-to-day functionality and accessibility.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.1k | $19.56 |
| − Vacancy | −$4.1k | −$4.43 |
| EGI | $14.0k | $15.13 |
| − OpEx | −$3.5k | −$3.78 |
| NOI | $10.5k | $11.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- St. Tammany
- State
- Louisiana
- Longitude
- -90.156815
- Latitude
- 30.407865
