Leased Medical Office
For Sale
$1,300,000
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$369
Days on Market140
Property Features for 829 Barataria Blvd
General Information
Standard status
Active
Size
3,523 SF
Lot size
0.69 Acres
Property subtype
Office
Zoning
C1
Occupancy
100%
Additional Details
Cap Rate
7.46%
Road Access
Yes
Building Details
Year Renovated
2017
Buildings
1
Building Size
3,523 SF
Tenancy
Single
Listing Agency:
Elifin Realty
(504) 352-3783
Listed By:
Adrien Foley · License #955716500
(504) 352-3783
Source:
Lacdb.resimplifi
Added: Apr 13
Changed: Aug 29
Last Checked: Aug 29 at 1:57PM
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 = 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
$51,365
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
3.95%
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%
$1,027,300
$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
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
$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 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%
$1,027,300
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 3.95%
Second Best
Office B
$698.3K
$611.0K – $814.7K
NOI $48,880 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$929.5K
$813.3K – $1.08M
NOI $65,063 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $1,300,000.
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
