Office Unit with Dual
For Sale
$425,000
513 /515 N Range Ave, Denham Springs, LA 70726
Residential occupancy under a month-to-month lease provides an existing use while office conversion remains possible.
Property Size1,375 SF
Price / SF$309.09
Days on Market69
Property Features for 513 /515 N Range Ave
General Information
Standard status
Active
Size
1,375 SF
Additional Details
Road Access
Yes
Listing Agency:
Covington & Associates Real Estate, LLC
Listed By:
Kayla Lockhart · License #0000031924
(225) 413-3762
Source:
Smithsquared
Added: Aug 9
Changed: Oct 2
Last Checked: Oct 7 at 1:29PM
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 Covington & Associates Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office-unit property is currently configured as a home and occupied by a residential tenant under a month-to-month lease. The existing structure could be adapted for commercial office use, subject to applicable approvals and requirements.
Located at 513/515 N Range Ave in Denham Springs, Louisiana, the property has access from both N Range Ave and St. Louis Street. The listed property size is 1,375.
Located at 513/515 N Range Ave in Denham Springs, Louisiana, the property has access from both N Range Ave and St. Louis Street. The listed property size is 1,375.
Key Highlights
- Potential conversion from residential use to commercial office space
- Current residential tenant occupies the property on a month‑to‑month lease
- Access available from N Range Ave and St. Louis Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,152
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,040
$263.0K
Cap Rate 7%
$187,886
$187.9K
Cap Rate 9%
$146,133
$146.1K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$18.0K $13.08/SF
− Vacancy
−$450 −$0.33/SF
EGI
$17.5K $12.75/SF
− OpEx
−$4.4K −$3.19/SF
NOI
$13.2K $9.56/SF
Area
Livingston 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 Rate 5%
$263,040
Cap Rate 7%
$187,886
Cap Rate 9%
$146,133
Alternative Uses
Best Use
Office B
$187.9K
$164.4K – $219.2K
NOI $13,152 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$329.3K
$288.1K – $384.2K
NOI $23,051 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 70726, LA
59,586
Population
24,925
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
88.2 sq mi
ZIP Area
676
Density / Sq Mi
$77,129
Median Household Income
$41,240
Median Earnings
$1,180
Median Rent
$215,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Residential occupancy under a month-to-month lease provides an existing use while office conversion remains possible.
Where is this office units located?
The property is located at 513 /515 N Range Ave Denham Springs, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Potential conversion from residential use to commercial office space; Current residential tenant occupies the property on a month‑to‑month lease; Access available from N Range Ave and St. Louis Street
