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2017 Bular St 5,387 SF Office Building Ruston, LA 71270 $1,200,000 ($222.76/SF) 7% Cap Rate
Executive Summary
Social Security Office with new lease
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$22.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$22.28
|
| Taxes |
$9,037
|
$1.68
|
| Operating Expenses |
$24,141
|
$4.48
|
| Total Expenses |
$33,178
|
$6.16
|
| Net Operating Income |
$86,822
|
$16.12
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $22.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $22.28 |
| Taxes | |
|---|---|
| Annual | $9,037 |
| Annual Per SF | $1.68 |
| Operating Expenses | |
|---|---|
| Annual | $24,141 |
| Annual Per SF | $4.48 |
| Total Expenses | |
|---|---|
| Annual | $33,178 |
| Annual Per SF | $6.16 |
| Net Operating Income | |
|---|---|
| Annual | $86,822 |
| Annual Per SF | $16.12 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,387 SF
Building Class
B
Year Built
2006
Price
$1,200,000
Price Per SF
$222.76
Cap Rate
7%
NOI
$84,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,387 SF
Building FAR
0.12
Lot Size
1.05 AC
Zoning
Commercial - Commercial
Parking
17 Spaces (3.16 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- 5,300 SF
- $22.64
- Full Service
- Jun 2036
The Social Security Administration began as the Social Security Board in 1935 under the Social Security Act and later adopted its current name in 1946. The agency administers Social Security retirement, disability, and survivors benefits, and it also supports Medicare-related services, identity records, and other public-facing programs through online and in-person channels. Social Security remains a major federal service provider, with a nationwide role that reaches Americans across life stages from first-number issuance to benefit delivery and account management.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | 5,300 SF | $22.64 | Full Service | Jun 2036 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 31263 | Total Assessment | $145,654 (2025) |
| Land Assessment | $48,263 (2025) | Annual Taxes | $9,037 ($1.68/SF) |
| Improvements Assessment | $97,391 (2025) | Tax Year | 2022 |
Property Taxes
Parcel Number
31263
Land Assessment
$48,263 (2025)
Improvements Assessment
$97,391 (2025)
Total Assessment
$145,654 (2025)
Annual Taxes
$9,037 ($1.68/SF)
Tax Year
2022
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2017 Bular St