Building Details

Year built 1992

Floors in Building 1

Listing Agency: Forte Realty, LLC B***@teamtatje.com Show Phone

Listed By: Blaine Tatje · License #995712484 Show Phone

Added: Jul 9, 2025 Changed: Aug 4 Last Checked: Aug 12 at 2:06PM

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MLS# 2510988

Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This approximately 5,000-square-foot flex property combines customer-facing showroom space, production capacity, and storage under one roof. The layout includes a 1,300-square-foot showroom, a 2,700-square-foot production and processing area, and 1,000 square feet of warehouse space. The warehouse has an 8-foot overhead garage door, while the property also offers off-street parking and garage parking.

The sale includes the existing specialty awards and promotional products operation, inventory, customer base, supplier relationships, and production equipment. Included machinery features a Xenetech 2550 rotary engraver, three Epilog Helix lasers with 60-watt, 50-watt, and 45-watt capacities, a Roland XC-540 full-color printer, a Sawgrass SG1000 sublimation printer, and a Digital Knight 16x20 heat press. The building was constructed in 1992, has public water service, and is zoned C-3.

Key Highlights

• Approximately 5,000 SF flex building with showroom, production, and warehouse areas
• 1,300 SF showroom, 2,700 SF production area, and 1,000 SF warehouse/storage space
• Warehouse includes an 8 ft overhead garage door

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

$40,214

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

6.19%

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%

$804,280 $804.3K

Cap Rate 7%

$574,486 $574.5K

Cap Rate 9%

$446,822 $446.8K

Market Conditions

NOI Build-Up for 5,000 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

$49.8K $9.96/SF

− Vacancy

−$2.5K −$0.50/SF

EGI

$47.3K $9.46/SF

− OpEx

−$7.1K −$1.42/SF

NOI

$40.2K $8.04/SF

Area

St. John the Baptist County, LA

Vacancy

5.00%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

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%

$804,280

Cap Rate 7%

$574,486

Cap Rate 9%

$446,822

Alternative Uses

Best Use

Retail

$1.13M

$987.8K – $1.32M (±1% cap)

NOI $79,027 @ 7.0% cap · market cap 12.16%

Second Best

Warehouse

$574.5K

$502.7K – $670.2K (±1% cap)

NOI $40,214 @ 7.0% cap · market cap 6.19%

Theoretical Best

Office A

$1.32M

$1.15M – $1.54M (±1% cap)

NOI $92,340 @ 7.0% cap · market cap 14.21%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Lease Details

Single-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

138

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 70084, LA

6,411

Population

2,960

Households

2.2

Avg Household Size

44

Median Age

14%

College-Educated

78%

High-School Grad

18.1 sq mi

ZIP Area

354

Density / Sq Mi

$61,736

Median Household Income

$32,290

Median Earnings

$1,158

Median Rent

$162,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Configured for showroom, production, fulfillment, and storage functions with an established specialty awards business and equipment in place.

Where is this flex space located?

The property is located at 1200 LOUISIANA HIGHWAY 44 Reserve, LA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Approximately 5,000 SF flex building with showroom, production, and warehouse areas; 1,300 SF showroom, 2,700 SF production area, and 1,000 SF warehouse/storage space; Warehouse includes an 8 ft overhead garage door