Former Bank Office
For Sale
Contact for pricing
6408 Hwy 28 E, Pineville, LA 71360
Fully furnished office building with multiple private offices, conference room, and a drive-through window.
Property Size2,800 SF
Price / SF$133.93
Days on Market227
Property Features for 6408 Hwy 28 E
General Information
Standard status
Active
Size
2,800 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Amenities
drive-through window
rear entrance
Listing Agency:
Latter & Blum Central Realty
(318) 445-7653
Listed By:
Buck Holt · License #995704186
(318) 715-4795
Source:
Moodyscre
Added: Jan 29
Changed: Sep 7
Last Checked: Sep 13 at 7:20AM
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 Latter & Blum Central Realty
Investment Insights
Based on property information with market context.
This fully furnished former bank building offers a functional office layout designed for professional or service use. The interior includes five private offices, a conference room, three additional front office spaces, and a large lobby and waiting area. Support spaces include a kitchen/breakroom, storage room, electrical room, and janitorial room. Additional features include a drive-through window, along with a rear entrance for staff or deliveries.
The property is located on busy Highway 28 in Pineville and provides access from the main frontage. Parking is available on both sides of the building, supporting easy arrival for employees and visitors.
The building is offered for sale as a move-in ready space with existing office improvements and furnishings already in place.
The property is located on busy Highway 28 in Pineville and provides access from the main frontage. Parking is available on both sides of the building, supporting easy arrival for employees and visitors.
The building is offered for sale as a move-in ready space with existing office improvements and furnishings already in place.
Key Highlights
- Fully furnished former bank building on busy HWY 28 in Pineville, move‑in ready for office use
- Interior layout includes 5 private offices, a conference room, and 3 additional front office spaces
- Large lobby and waiting area plus kitchen/breakroom, storage room, electrical room, and janitorial room
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
$34,174
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
9.11%
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%
$683,480
$683.5K
Cap Rate 7%
$488,200
$488.2K
Cap Rate 9%
$379,711
$379.7K
Market Conditions
NOI Build-Up for 2,800 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
$47.7K $17.04/SF
− Vacancy
−$2.1K −$0.77/SF
EGI
$45.6K $16.27/SF
− OpEx
−$11.4K −$4.07/SF
NOI
$34.2K $12.20/SF
Area
Rapides County, LA
Vacancy
4.50%
Lease Rate
$17.04 /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%
$683,480
Cap Rate 7%
$488,200
Cap Rate 9%
$379,711
Alternative Uses
Best Use
Office B
$561.6K
$491.4K – $655.2K
NOI $39,312 @ 7.0% cap · market cap 10.48%
Second Best
Specialty Retail
$488.2K
$427.2K – $569.6K
NOI $34,174 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$771.8K
$675.4K – $900.5K
NOI $54,029 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 71360, LA
36,026
Population
15,970
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
90%
High-School Grad
193.1 sq mi
ZIP Area
187
Density / Sq Mi
$59,592
Median Household Income
$41,561
Median Earnings
$924
Median Rent
$196,300
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?
Office building - Fully furnished office building with multiple private offices, conference room, and a drive-through window.
Where is this office building located?
The property is located at 6408 Hwy 28 E Pineville, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Fully furnished former bank building on busy HWY 28 in Pineville, move‑in ready for office use; Interior layout includes 5 private offices, a conference room, and 3 additional front office spaces; Large lobby and waiting area plus kitchen/breakroom, storage room, electrical room, and janitorial room
