Office Building with Two
For Sale
Contact for pricing
4600 Jefferson Highway, Jefferson, LA 70121
Two-story office layout with reception, private offices, work space, kitchen, bathrooms, and ample off-street parking.
Property Size2,455 SF
Price / SF$193.48
Days on Market62
Property Features for 4600 Jefferson Highway
General Information
Standard status
Active
Size
2,455 SF
Property subtype
Office, Mixed Use, Special Purpose
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Year Built
1944
Year Renovated
2020
Stories
2
Listing Agency:
Realty One Group
(985) 869-1358
Listed By:
Chad Davis · License #995685067
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 8 at 4:50AM
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 Realty One Group
Investment Insights
Based on property information with market context.
This two-story office building is set up for day-to-day operations with a first-floor reception area, two private offices, a full kitchen, and two half baths. A large open work space or conference room and extensive storage support flexible use for meetings, collaboration, and workflow. Upstairs offers two additional private offices and a full bath, bringing the total to a layout that can accommodate both client-facing and internal functions.
The property sits on a corner lot with a 50-by-150 footprint and ample off-street parking. It is located along Jefferson Highway with traffic count exceeding 30,000 vehicles per day. The building has undergone renovations and upgrades, including new flooring and paint (2019–2020), re-tiling and plumbing shutoff updates, and improvements to the security and fire system (2020) with interior and exterior cameras that will remain. A newer roof was installed in 2021, an ADA ramp was added in 2022, and landscaping and irrigation were added in 2023. Additional electrical panel work was completed in 2023, and the hot water heater was replaced in 2024.
Recent systems and finishes, combined with a straightforward office configuration and ADA accessibility, make this a practical fit for established businesses seeking a dedicated headquarters or a new owner/operator starting up with an in-place workspace. The property is under a termite contract and is located in an X flood zone.
The property sits on a corner lot with a 50-by-150 footprint and ample off-street parking. It is located along Jefferson Highway with traffic count exceeding 30,000 vehicles per day. The building has undergone renovations and upgrades, including new flooring and paint (2019–2020), re-tiling and plumbing shutoff updates, and improvements to the security and fire system (2020) with interior and exterior cameras that will remain. A newer roof was installed in 2021, an ADA ramp was added in 2022, and landscaping and irrigation were added in 2023. Additional electrical panel work was completed in 2023, and the hot water heater was replaced in 2024.
Recent systems and finishes, combined with a straightforward office configuration and ADA accessibility, make this a practical fit for established businesses seeking a dedicated headquarters or a new owner/operator starting up with an in-place workspace. The property is under a termite contract and is located in an X flood zone.
Key Highlights
- Two‑story office building (built 1944) with reception, two private offices, full kitchen, large work space/conference room, and 2 half baths on the first floor
- Second floor includes two additional private offices and a full bath
- Renovations include new flooring and paint (2019–2020), retiled shower, new roof (2021), and ADA ramp (2022)
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
$36,187
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
7.62%
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%
$723,740
$723.7K
Cap Rate 7%
$516,957
$517.0K
Cap Rate 9%
$402,078
$402.1K
Market Conditions
NOI Build-Up for 2,455 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
$56.0K $22.80/SF
− Vacancy
−$7.7K −$3.15/SF
EGI
$48.2K $19.65/SF
− OpEx
−$12.1K −$4.91/SF
NOI
$36.2K $14.74/SF
Area
New Orleans, LA
Vacancy
13.80%
Lease Rate
$22.80 /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%
$723,740
Cap Rate 7%
$516,957
Cap Rate 9%
$402,078
Alternative Uses
Best Use
Office B
$517.0K
$452.3K – $603.1K
NOI $36,187 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.0K
$546.0K – $728.0K
NOI $43,679 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Explore this area
Business Placement
Demographics for 70121, LA
11,523
Population
6,415
Households
1.8
Avg Household Size
46
Median Age
36%
College-Educated
88%
High-School Grad
3.3 sq mi
ZIP Area
3,492
Density / Sq Mi
$59,029
Median Household Income
$40,151
Median Earnings
$1,113
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story office layout with reception, private offices, work space, kitchen, bathrooms, and ample off-street parking.
Where is this office building located?
The property is located at 4600 Jefferson Highway Jefferson, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑story office building (built 1944) with reception, two private offices, full kitchen, large work space/conference room, and 2 half baths on the first floor; Second floor includes two additional private offices and a full bath; Renovations include new flooring and paint (2019–2020), retiled shower, new roof (2021), and ADA ramp (2022)
