Move-In Ready Office Flex
For Sale
Contact for pricing
537 HWY 2, Sterlington, LA 71280
Versatile office layout with multiple private offices, conference room, and parking, plus a roll-up door for flexible operations.
Property Size2,400 SF
Price / SF$166.25
Days on Market62
Property Features for 537 HWY 2
General Information
Standard status
Active
Size
2,400 SF
Class
A
Property subtype
Office, Industrial, Mixed Use
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
THLT Realty
Listed By:
DJ Fortenberry · License #LA995703403
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 10 at 12:58PM
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 THLT Realty
Investment Insights
Based on property information with market context.
This move-in-ready office complex offers a versatile configuration suitable for professional or business uses. The space includes multiple private offices, a conference room, kitchen, and restrooms, supporting day-to-day operations and client meetings. A roll-up door remains in place, providing additional flexibility if a tenant or buyer wants to adapt the space for uses that benefit from loading or direct access. Office furniture is negotiable and available for separate purchase, and the stove and refrigerator will not remain.
The property is located just outside Sterlington with convenient access directly off LA Highway 2. Ample parking is available for employees and clients, supporting straightforward arrival and customer-facing activities.
For tenants or buyers looking for an office-flex option that can support both administrative work and adaptable back-of-house needs, the private office layout and meeting space provide a functional base. The remaining roll-up door can help accommodate certain workflow requirements, while the kitchen and restroom setup supports longer business days. This is a practical choice for businesses seeking an operational, ready-to-use space with parking and straightforward highway access.
The property is located just outside Sterlington with convenient access directly off LA Highway 2. Ample parking is available for employees and clients, supporting straightforward arrival and customer-facing activities.
For tenants or buyers looking for an office-flex option that can support both administrative work and adaptable back-of-house needs, the private office layout and meeting space provide a functional base. The remaining roll-up door can help accommodate certain workflow requirements, while the kitchen and restroom setup supports longer business days. This is a practical choice for businesses seeking an operational, ready-to-use space with parking and straightforward highway access.
Key Highlights
- Approximately 2,400 SF move‑in‑ready office complex with versatile layout for multiple business uses
- Directly off LA Highway 2 with ample parking for employees and clients
- Includes multiple private offices, a conference room, kitchen, and restrooms
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
$20,667
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
5.18%
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%
$413,340
$413.3K
Cap Rate 7%
$295,243
$295.2K
Cap Rate 9%
$229,633
$229.6K
Market Conditions
NOI Build-Up for 2,400 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
$34.6K $14.40/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$31.8K $13.25/SF
− OpEx
−$11.1K −$4.64/SF
NOI
$20.7K $8.61/SF
Area
Ouachita County, LA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$413,340
Cap Rate 7%
$295,243
Cap Rate 9%
$229,633
Alternative Uses
Best Use
Office B
$1.03M
$903.5K – $1.20M
NOI $72,278 @ 7.0% cap · market cap 18.11%
Second Best
Flex RnD
$295.2K
$258.3K – $344.5K
NOI $20,667 @ 7.0% cap · market cap 5.18%
Theoretical Best
Multifamily LT 5
$25.85M
$22.62M – $30.16M
NOI $1,809,586 @ 7.0% cap · market cap 453.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71280, LA
4,708
Population
2,280
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
88%
High-School Grad
59.4 sq mi
ZIP Area
79
Density / Sq Mi
$75,768
Median Household Income
$47,789
Median Earnings
$1,043
Median Rent
$260,000
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?
Flex space - Versatile office layout with multiple private offices, conference room, and parking, plus a roll-up door for flexible operations.
Where is this flex space located?
The property is located at 537 HWY 2 Sterlington, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 2,400 SF move‑in‑ready office complex with versatile layout for multiple business uses; Directly off LA Highway 2 with ample parking for employees and clients; Includes multiple private offices, a conference room, kitchen, and restrooms
