Building Details

Year Built 2012

Buildings 1

Stories 1

Tenancy Single

Listing Agency: Marcus & Millichap - Orlando

Listed By: Christopher Biuso · License #Fl SL3424071 Show Phone

Source: Crexi

Added: May 26 Changed: Aug 27 Last Checked: Sep 5 at 12:20PM

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Investment Insights

Based on property information with market context.

This commercial real estate offering features an office space with a size of 2,500 square feet. The property is located in Brusly, Louisiana. The property has a capitalization rate of 9.00%.

Key Highlights

• 9.00% CAP Rate
• Office Property
• 2,500 SqFt of space

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

$23,912

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

4.92%

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%

$478,240 $478.2K

Cap Rate 7%

$341,600 $341.6K

Cap Rate 9%

$265,689 $265.7K

Market Conditions

NOI Build-Up for 2,500 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

$32.7K $13.08/SF

− Vacancy

−$818 −$0.33/SF

EGI

$31.9K $12.75/SF

− OpEx

−$8.0K −$3.19/SF

NOI

$23.9K $9.56/SF

Area

West Baton Rouge 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 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%

$478,240

Cap Rate 7%

$341,600

Cap Rate 9%

$265,689

Alternative Uses

Best Use

Office B

$341.6K

$298.9K – $398.5K (±1% cap)

NOI $23,912 @ 7.0% cap · market cap 4.92%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$598.7K

$523.9K – $698.5K (±1% cap)

NOI $41,911 @ 7.0% cap · market cap 8.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Daniel T. Fontenot, ... Physician The Spine Diagnostic & Pain ... Physician Emily Santa Ana Physician Baton Rouge Cardiology ... Medical Clinic Nakia A. Newsome, MD, ... Physician

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply HVAC Service Storage Facility Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

178

Businesses Nearby

Explore this area Business Placement

Demographics for 70719, LA

4,396

Population

1,669

Households

2.6

Avg Household Size

38

Median Age

23%

College-Educated

97%

High-School Grad

15.6 sq mi

ZIP Area

282

Density / Sq Mi

$92,231

Median Household Income

$40,801

Median Earnings

$990

Median Rent

$235,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - 2,500 SqFt office space with 9.00% CAP rate.

Where is this office units located?

The property is located at 467 Oak Plaza Blvd Brusly, LA.

What is the asking price?

The asking price for this property is $486,000.

What are key features of this property?

This property features: 9.00% CAP Rate; Office Property; 2,500 SqFt of space