Brick Office Building with Covered
7343 Highway 182 E Morgan City, LA 70380
7343 Highway 182 E, Morgan City, LA, 70380
$389,000
For Sale
$389,000
2,400± SF office building with six private offices, three bathrooms, and movable interior walls.
Property Size2,400 SF
Price / SF$162.08
Days on Market107
Property Features for 7343 Highway 182 E
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing agency
Arceneaux Real Estate, LLC
(337) 322-8300
Listed by
Paul Arceneaux · License #995719154
(337) 322-8300
Source
Exprealty
Added: Apr 6 Updated: Jul 20 at 1:58AM Checked: Jul 20 at 1:58AM
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 Arceneaux Real Estate, LLC
Investment Insights
Based on property information with market context.
This 2,400± SF professional office building features an attractive brick exterior with a covered front entrance. The interior offers a functional layout with six private offices and three bathrooms, and the interior walls can be moved to support changing space needs.
Located on Hwy 182E in Morgan City, the property is positioned along a main commercial corridor with reported traffic counts of 10,000 vpd. It also provides easy access and ample on-site parking, supporting day-to-day client and staff visits.
With its mix of private offices and reconfigurable interior walls, the building is set up for a range of office uses, including attorney, accounting, medical, beauty, and industrial services.
Located on Hwy 182E in Morgan City, the property is positioned along a main commercial corridor with reported traffic counts of 10,000 vpd. It also provides easy access and ample on-site parking, supporting day-to-day client and staff visits.
With its mix of private offices and reconfigurable interior walls, the building is set up for a range of office uses, including attorney, accounting, medical, beauty, and industrial services.
Key Highlights
- 2,400± SF professional office building on Hwy 182E in Morgan City
- Layout includes 6 private offices and 3 bathrooms
- Interior walls can be moved for flexible reconfiguration
Local Financial Insights For Healthcare Medical
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 | $40.9k | $17.04 |
| − Vacancy | −$4.3k | −$1.79 |
| EGI | $36.6k | $15.25 |
| − OpEx | −$14.6k | −$6.10 |
| NOI | $22.0k | $9.15 |
2,400 SF · lease $17.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$313.7K
$274.5K – $366.0K
NOI $21,961 @ 7.0% cap · market cap 5.65%
Second Best
Office B
$296.3K
$259.3K – $345.7K
NOI $20,741 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$409.5K
$358.3K – $477.7K
NOI $28,664 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 2,400± SF office building with six private offices, three bathrooms, and movable interior walls.
Where is this office building located?
The property is located at 7343 Highway 182 E Morgan City, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 2,400± SF professional office building on Hwy 182E in Morgan City; Layout includes 6 private offices and 3 bathrooms; Interior walls can be moved for flexible reconfiguration
