Medical Office Facility with Exam
For Sale
$1,795,000
6507 COLISEUM Boulevard, Alexandria, LA 71303
Well-maintained medical office with large waiting and reception areas plus extensive exam room and lab buildout.
Property Size6,500 SF
Price / SF$276.15
Days on Market309
Property Features for 6507 COLISEUM Boulevard
General Information
Standard status
Active
Size
6,500 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3
Parking.
Lot.
.774 Acre
Building Details
Year Built
2014
Listing Agency:
LATTER AND BLUM Central Realty LLC
(318) 445-7653
Listed By:
JACK HODGES · License #70147
(318) 481-8757
Source:
Xome
Added: Nov 1, 2025
Changed: Sep 2
Last Checked: Sep 4 at 2:42AM
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 AND BLUM Central Realty LLC
Investment Insights
Based on property information with market context.
Available for sale, this 6,500-square-foot office space was formerly used as a general and family medicine facility. The layout is described as efficient and flexible, with a large waiting room and reception area designed to serve multiple clients or patients. Behind reception, the space includes an extensive medical buildout featuring two offices and ten examination rooms with examination tables, along with a staff lounge, medical laboratory space, billing area, medical records, and supply areas.
The property is located along highly visible Coliseum Boulevard (Highway 28 West) with strong visibility and accessibility. It is situated near major retailers, banks, and car dealerships.
For prospective users, the interior configuration supports an operations-ready medical office format, with patient-facing areas as well as back-of-house medical support spaces.
The property is located along highly visible Coliseum Boulevard (Highway 28 West) with strong visibility and accessibility. It is situated near major retailers, banks, and car dealerships.
For prospective users, the interior configuration supports an operations-ready medical office format, with patient-facing areas as well as back-of-house medical support spaces.
Key Highlights
- 6,500 SF office space on Coliseum Boulevard (Highway 28 West)
- Former general and family medicine facility with extensive medical buildout
- Large waiting room and reception area with extensive exam rooms and medical support spaces
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
$91,260
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
5.08%
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%
$1,825,200
$1.8M
Cap Rate 7%
$1,303,714
$1.3M
Cap Rate 9%
$1,014,000
$1.0M
Market Conditions
NOI Build-Up for 6,500 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
$156.0K $24.00/SF
− Vacancy
−$34.3K −$5.28/SF
EGI
$121.7K $18.72/SF
− OpEx
−$30.4K −$4.68/SF
NOI
$91.3K $14.04/SF
Area
Rapides County, LA
Vacancy
22.00%
Lease Rate
$24.00 /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%
$1,825,200
Cap Rate 7%
$1,303,714
Cap Rate 9%
$1,014,000
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,260 @ 7.0% cap · market cap 5.08%
Second Best
Healthcare Medical
$1.14M
$1.00M – $1.33M
NOI $80,077 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,424 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71303, LA
22,797
Population
10,388
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
63.4 sq mi
ZIP Area
360
Density / Sq Mi
$66,761
Median Household Income
$40,687
Median Earnings
$1,115
Median Rent
$232,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Vet Center — 5803 Coliseum Blvd, Alexandria, LA 71303
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical office with large waiting and reception areas plus extensive exam room and lab buildout.
Where is this medical office space located?
The property is located at 6507 COLISEUM Boulevard Alexandria, LA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 6,500 SF office space on Coliseum Boulevard (Highway 28 West); Former general and family medicine facility with extensive medical buildout; Large waiting room and reception area with extensive exam rooms and medical support spaces
