Leased Office
597 Behrman Highway, Terrytown, LA 70056
For Sale
Contact for pricing
A newer clinic-occupied property is subject to a NNN lease with annual rent increases.
Property Size2,213 SF
Lot Size0.25 Acres
Price / SF$268.87
Days on Market35
Property Features for 597 Behrman Highway
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Financials
Asking Price
Gross Income
Additional Details
Office Units
Tenant in Place
Property Use
Medical Specialty
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
KPG Realty
Listed By:
Jessica Keating · License LA #995707926
(985) 789-4315
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 2:30PM
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 KPG Realty
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 2,213-square-foot office building was constructed in 2019 and occupies approximately 0.25 acres. The property is fully leased to a pediatric clinic tenant under a NNN arrangement, with a five-year term running from October 2023 through September 2028 and one additional five-year renewal option.
The lease provides for 3% annual rent increases. Under its NNN structure, the tenant is responsible for property taxes, insurance, and common-area and operating expenses.
The lease provides for 3% annual rent increases. Under its NNN structure, the tenant is responsible for property taxes, insurance, and common-area and operating expenses.
Key Highlights
- 2,213‑square‑foot office building constructed in 2019
- Approximately 0.25 acres
- Fully leased to a pediatric clinic tenant under a NNN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,704
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,080
$614.1K
Cap Rate 7%
$438,629
$438.6K
Cap Rate 9%
$341,156
$341.2K
Market Conditions
NOI Build-Up for 2,213 SF
Gross rent
$49.9K $22.56/SF
− Vacancy
−$9.0K −$4.06/SF
EGI
$40.9K $18.50/SF
− OpEx
−$10.2K −$4.62/SF
NOI
$30.7K $13.87/SF
Area
Jefferson County, LA
Vacancy
18.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,080
Cap Rate 7%
$438,629
Cap Rate 9%
$341,156
Alternative Uses
Best Use
Office B
$438.6K
$383.8K – $511.7K
NOI $30,704 @ 7.0% cap · market cap 5.16%
Second Best
Healthcare Medical
$409.7K
$358.5K – $478.0K
NOI $28,680 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$583.9K
$510.9K – $681.2K
NOI $40,870 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 70056, LA
41,498
Population
15,784
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
87%
High-School Grad
6.8 sq mi
ZIP Area
6,103
Density / Sq Mi
$61,831
Median Household Income
$36,062
Median Earnings
$1,163
Median Rent
$223,000
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Jefferson County, LA
Properties on Market for Office buildings in Jefferson County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A newer clinic-occupied property is subject to a NNN lease with annual rent increases.
Where is this office building located?
The property is located at 597 Behrman Highway Terrytown, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,213‑square‑foot office building constructed in 2019; Approximately 0.25 acres; Fully leased to a pediatric clinic tenant under a NNN lease
