Leased Medical Office
For Sale
$1,200,000
829 Barataria Blvd, Marrero, LA 70072
Renovated pediatric clinic with dual access, on-site parking, and an NNN lease structure.
Property Size3,523 SF
Lot Size0.69 Acres
Price / SF$340.62
Days on Market98
Property Features for 829 Barataria Blvd
General Information
Standard status
Active
Size
3,523 SF
Class
B
Lot size
0.69 Acres
Property subtype
Office
Occupancy
100%
Additional Details
Cap Rate
7.46%
Road Access
Yes
Building Details
Building Size
3,523 SF
Year Renovated
2017
Buildings
1
Tenancy
Single
Listing Agency:
Elifin Realty
Listed By:
Adrien Foley · License #955716500
(504) 352-3783
Source:
Elifinrealty
Added: Jul 10
Changed: Oct 9
Last Checked: Oct 12 at 5:59PM
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 Elifin Realty
Investment Insights
Based on property information with market context.
Located at 829 Barataria Blvd in Marrero, this medical office property contains approximately 3,523 SF on about 0.69 acres. The facility is occupied by Manning Family Children's Pediatrics, a pediatric primary care clinic operating under LCMC Health. A full clinic renovation was completed in 2017, and the property has remained continuously occupied since then.
The site provides access from both Barataria Blvd and Avenue G, along with on-site parking. The NNN lease assigns property taxes, flood insurance, utilities, and most maintenance obligations to the tenant, limiting the landlord's ongoing responsibilities. The property is zoned C1 and reports a 7.46% cap rate.
The site provides access from both Barataria Blvd and Avenue G, along with on-site parking. The NNN lease assigns property taxes, flood insurance, utilities, and most maintenance obligations to the tenant, limiting the landlord's ongoing responsibilities. The property is zoned C1 and reports a 7.46% cap rate.
Key Highlights
- ±3,523 SF medical office on ±0.69 acres
- Occupied by Manning Family Children's Pediatrics under LCMC Health
- Full clinic renovation completed in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,365
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,300
$1.0M
Cap Rate 7%
$733,786
$733.8K
Cap Rate 9%
$570,722
$570.7K
Market Conditions
NOI Build-Up for 3,523 SF
Gross rent
$95.1K $27.00/SF
− Vacancy
−$9.5K −$2.70/SF
EGI
$85.6K $24.30/SF
− OpEx
−$34.2K −$9.72/SF
NOI
$51.4K $14.58/SF
Area
Jefferson County, LA
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,300
Cap Rate 7%
$733,786
Cap Rate 9%
$570,722
Alternative Uses
Best Use
Healthcare Medical
$733.8K
$642.1K – $856.1K
NOI $51,365 @ 7.0% cap · market cap 4.28%
Second Best
Office B
$698.3K
$611.0K – $814.7K
NOI $48,880 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$929.5K
$813.3K – $1.08M
NOI $65,063 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70072, LA
56,924
Population
22,845
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
51.8 sq mi
ZIP Area
1,099
Density / Sq Mi
$55,866
Median Household Income
$34,411
Median Earnings
$1,091
Median Rent
$190,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated pediatric clinic with dual access, on-site parking, and an NNN lease structure.
Where is this medical office space located?
The property is located at 829 Barataria Blvd Marrero, 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: ±3,523 SF medical office on ±0.69 acres; Occupied by Manning Family Children's Pediatrics under LCMC Health; Full clinic renovation completed in 2017
