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    300 Hospital Rd New Roads, LA 70760

    For Sale
    $1,675,000

    Class A, Net Lease, 100% Occupied

    Property size:
    3,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A, 3,750 square foot medical office building in New Roads, Louisiana, is offered for sale at $1,675,000. Built in 2021, the property boasts a 6.31% cap rate and a strong net lease with a single tenant, currently enjoying 100% occupancy since June 1, 2021. The building is located at 300 Hospital Rd, New Roads, LA 70760, in Pointe Coupee Parish. The property features a modern design and is ideally situated to serve the local community. The current lease agreement includes a 15-year term with 12 years remaining, and provides for annual rent increases of 1.25%. The strong tenant history and favorable lease terms make this a compelling investment opportunity with a substantial net operating income (NOI) of $105,664. The asking price per square foot is $446.67. This turnkey investment is perfect for a passive investor seeking a stable, high-performing asset in a growing market. The property's excellent location and modern design make it an attractive option for a variety of medical uses. This is a rare opportunity to acquire a high-quality, fully occupied medical office building with a long-term lease in place.

    Property Features for 300 Hospital Rd

    General Information

    Property type
    Medical offices
    Square Feet
    3,750 SF
    Class
    A

    Building Details

    Year Built
    2021
    Buildings
    1

    HighLights

    • $1,675,000 asking price for a 3,750 SF Class A medical office building.
    • Net lease investment opportunity with a 6.31% cap rate.
    • 100% occupancy with a single tenant (SouthStar Urgent Care) since June 1, 2021.
    • NNN lease with 12 years remaining on a 15‑year term, including 1.25% annual rent increases.
    • Located at 300 Hospital Rd, New Roads, LA 70760.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    False River Anique ... Antique Store Big Boy's Hamburger Restaurant GiGi Lane Boutique Jarreau's Restaurant Restaurant SouthStar Urgent Care Urgent Care Center

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Roads
    County
    Pointe Coupee Parish
    State
    Louisiana
    Longitude
    -91.463543571435
    Latitude
    30.683959807592

    Nearby Comparable

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      0.50 Acres

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Medical office - Class A, Net Lease, 100% Occupied
    Where is this medical office located?
    The property is located at 300 Hospital Rd New Roads, LA.
    What is the asking price?
    The asking price for this property is $1,675,000.
    What are key features of this property?
    This property features: $1,675,000 asking price for a 3,750 SF Class A medical office building.; Net lease investment opportunity with a 6.31% cap rate.; 100% occupancy with a single tenant (SouthStar Urgent Care) since June 1, 2021.
    Request Owner's contact information
    300 Hospital Rd New Roads, LA 70760
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 Hospital Rd New Roads, LA 70760
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