4-Tenant Office
For Sale
$599,999
4315 Church St, Zachary, LA 70791
Four separately metered office units with recently updated roofing and HVAC systems.
Property Size5,056 SF
Price / SF$118.67
Days on Market739
Property Features for 4315 Church St
General Information
Standard status
Active
Size
5,056 SF
Property subtype
Office
Zoning
CN
Additional Details
Utilities to Site
Yes
Office Units
4
Building Details
Tenancy
Multi
Listing Agency:
Derbes Falgoust Commercial Real Estate, LLC
(225) 405-0927
Listed By:
Randy Herring · License #LA0000034947
(225) 405-0927
Source:
Lacdb.resimplifi
Added: Aug 22, 2024
Changed: Aug 29
Last Checked: Aug 30 at 1:50PM
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 Derbes Falgoust Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 5,056-SF office building is arranged for four tenants and may also accommodate an owner-user. Each unit has individual electric, water, and sewer metering, supporting separate utility administration across the property. The building is zoned CN.
Recent property improvements include roofing work with new screws and grommets. All four heating and cooling systems are less than two years old. Located at 4315 Church St in Zachary, Louisiana, the property offers a multi-unit office configuration for continued tenant occupancy or personal business use.
Recent property improvements include roofing work with new screws and grommets. All four heating and cooling systems are less than two years old. Located at 4315 Church St in Zachary, Louisiana, the property offers a multi-unit office configuration for continued tenant occupancy or personal business use.
Key Highlights
- 5,056‑SF office building configured for 4 tenants
- Individual electric, water, and sewer meters for each unit
- All 4 A/C heating and cooling units are less than 2 years old
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
$53,899
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
8.98%
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%
$1,077,980
$1.1M
Cap Rate 7%
$769,986
$770.0K
Cap Rate 9%
$598,878
$598.9K
Market Conditions
NOI Build-Up for 5,056 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
$88.6K $17.52/SF
− Vacancy
−$16.7K −$3.31/SF
EGI
$71.9K $14.21/SF
− OpEx
−$18.0K −$3.55/SF
NOI
$53.9K $10.66/SF
Area
East Baton Rouge County, LA
Vacancy
18.87%
Lease Rate
$17.52 /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%
$1,077,980
Cap Rate 7%
$769,986
Cap Rate 9%
$598,878
Alternative Uses
Best Use
Office B
$770.0K
$673.7K – $898.3K
NOI $53,899 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$912.7K – $1.22M
NOI $73,016 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 70791, LA
29,432
Population
12,112
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
119.1 sq mi
ZIP Area
247
Density / Sq Mi
$80,243
Median Household Income
$57,376
Median Earnings
$1,389
Median Rent
$269,800
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 - Four separately metered office units with recently updated roofing and HVAC systems.
Where is this office building located?
The property is located at 4315 Church St Zachary, LA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 5,056‑SF office building configured for 4 tenants; Individual electric, water, and sewer meters for each unit; All 4 A/C heating and cooling units are less than 2 years old
