Manufacturing Building with
For Sale
$300,000
30029 Industrial Dr, Walker, LA 70785
Commercial Sale, Walker, LA
Property Size3,500 SF
Lot Size0.00 Acres
Price / SF$85.71
Days on Market554
Property Features for 30029 Industrial Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot
Subdivision
Martin Industrial Park
Directions
Off Florida Blvd in Walker turn onto Industrial Dr, building is on left blue and white building.
Standard status
Active
Size
3,500 SF
Lot size
0.00 Acres
Taxes and HOA fees
Tax Description
Lot 8 of Martins industrial park sec.35-6-3
Legal Description
Lot 8 of Martins industrial park sec.35-6-3
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Metal Const
Roof type
Metal
Listing Agency:
Dawson Grey Real Estate
(225) 325-5555
Listed By:
Martha Boutwell
(225) 939-3409
Added: Mar 13, 2025
Changed: Sep 15
Last Checked: Sep 17 at 4:06PM
MLS# 2025004417
Copyright © 2026 Greater Baton Rouge 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 3,500-square-foot manufacturing property at 30029 Industrial Dr is currently used as a cabinet shop. The building features metal construction, a metal roof, central heating, central air conditioning, and two bathrooms.
Public water and public sewer serve the property, with on-site parking provided by a parking lot. The asset is located in Walker, Louisiana, in Livingston Parish, with a 70785 ZIP code.
Public water and public sewer serve the property, with on-site parking provided by a parking lot. The asset is located in Walker, Louisiana, in Livingston Parish, with a 70785 ZIP code.
Key Highlights
- 3,500‑square‑foot manufacturing property
- Currently used as a cabinet shop
- Metal construction with metal roof
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
$23,340
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
7.78%
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%
$466,800
$466.8K
Cap Rate 7%
$333,429
$333.4K
Cap Rate 9%
$259,333
$259.3K
Market Conditions
NOI Build-Up for 3,500 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
$34.0K $9.72/SF
− Vacancy
−$677 −$0.19/SF
EGI
$33.3K $9.53/SF
− OpEx
−$10.0K −$2.86/SF
NOI
$23.3K $6.67/SF
Area
Livingston County, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
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%
$466,800
Cap Rate 7%
$333,429
Cap Rate 9%
$259,333
Alternative Uses
Best Use
Industrial
$333.4K
$291.8K – $389.0K
NOI $23,340 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$838.2K
$733.4K – $977.9K
NOI $58,675 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 70785, LA
22,569
Population
8,555
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
93.3 sq mi
ZIP Area
242
Density / Sq Mi
$84,551
Median Household Income
$52,025
Median Earnings
$1,059
Median Rent
$235,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Metal construction with central heating and air conditioning, public utilities, and a dedicated parking lot.
Where is this manufacturing property located?
The property is located at 30029 Industrial Dr Walker, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 3,500‑square‑foot manufacturing property; Currently used as a cabinet shop; Metal construction with metal roof
