Class A Office
5936 PROVINE Place Alexandria, LA 71303
5936 PROVINE Place, Alexandria, LA, 71303
$1,200,000
For Sale
$1,200,000
Triplex office building with 10-foot ceilings and suites configured with offices, bathrooms, and break area.
Property Size3,580 SF
Price / SF$335.20
Days on Market259
Property Features for 5936 PROVINE Place
General Information
- Standard status
- Active
- Size
- 3,580 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2025
Listing agency
RITCHIE REAL ESTATE
(318) 308-2044
Listed by
David Moses · License #GCLRA:0000072781
(318) 308-2044
Source
Xome
Added: Nov 4, 2025 Updated: Jul 21 at 7:24AM Checked: Jul 21 at 7:24AM
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 RITCHIE REAL ESTATE
Investment Insights
Based on property information with market context.
This Class A office triplex building offers multiple suites with practical layouts for office use. The available corner suite includes a waiting area with exposed brick and wood beams, three spacious offices, two bathrooms, and a break area. The space features 10-foot ceilings for an open, airy feel. In addition, the center office suite is described as roughly 800 square feet and was previously leased to an insurance company.
The property is located at 5936 PROVINE Place in Alexandria, Louisiana. Public remarks indicate one space is currently leased, with two additional spaces available for lease, supporting a mix of income and occupancy flexibility.
Overall, the building is positioned for either an investor seeking existing tenancy or an owner-occupant looking to occupy one portion while leasing other spaces, subject to suite availability and lease terms.
The property is located at 5936 PROVINE Place in Alexandria, Louisiana. Public remarks indicate one space is currently leased, with two additional spaces available for lease, supporting a mix of income and occupancy flexibility.
Overall, the building is positioned for either an investor seeking existing tenancy or an owner-occupant looking to occupy one portion while leasing other spaces, subject to suite availability and lease terms.
Key Highlights
- Triplex office building built in 2025 with Class A office space and flexible investor/owner‑occupant use.
- One suite is currently leased, with two additional spaces available for lease.
- Total combined usable space is 2,200± SF across the three suites.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.9k | $24.00 |
| − Vacancy | −$18.9k | −$5.28 |
| EGI | $67.0k | $18.72 |
| − OpEx | −$16.8k | −$4.68 |
| NOI | $50.3k | $14.04 |
3,580 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$718.0K
$628.3K – $837.7K
NOI $50,263 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$986.9K
$863.5K – $1.15M
NOI $69,080 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Triplex office building with 10-foot ceilings and suites configured with offices, bathrooms, and break area.
Where is this office building located?
The property is located at 5936 PROVINE Place Alexandria, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Triplex office building built in 2025 with Class A office space and flexible investor/owner‑occupant use.; One suite is currently leased, with two additional spaces available for lease.; Total combined usable space is 2,200± SF across the three suites.
