Property profile

251 La-21 Madisonville, LA 70447

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

This exceptional 4,100-square-foot executive office suite is located on the second floor of a Class B building at 251 LA-21 in Madisonville, Louisiana, 70447. Situated just north of Lake Castle School, this space offers a private entrance and boasts a unique design featuring vaulted ceilings, an industrial aesthetic, and numerous executive offices. The suite includes a well-equipped kitchen, a dedicated conference room, an IT room, ample storage areas, and three restrooms. High-speed internet access is provided via AT&T Fiber Optics and Charter/Spectrum, with Cat 5 wiring throughout. A backup propane generator ensures business continuity during severe weather. The building offers excellent parking and easy access to I-12, Covington, Mandeville, and Madisonville. The gross lease rate is $14.13 per square foot, inclusive of water, sewer, garbage, exterior maintenance, insurance, and real estate taxes. Tenants are responsible for a pro-rata share (66%) of power and propane gas costs. A state-of-the-art security system is in place. The landlord will cover the costs of painting, flooring, and any necessary renovations. The zoning is commercial, and the building is two stories with Cleco power. The minimum and maximum contiguous square footage available is 4,100 square feet.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

251 La-21 Madisonville, LA 70447
Madisonville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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