Building Details

Floors in Building 1

Building materials Metal Const

Roof type Metal

Listing Agency: KELLER WILLIAMS REALTY BAYOU P h***@kw.com Show Phone

Listed By: Melinda Duncan · License #995702591 Show Phone

Added: Apr 17 Changed: Aug 10 Last Checked: Aug 12 at 7:06AM

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MLS# 2026008527

Copyright © 2026 Bayou Board 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.

A one-acre commercial lot with a large 60 x 40 metal warehouse and a roll-up door sized for a commercial vehicle. Inside, the layout includes parts storage along with multiple offices and a kitchen, with the flexibility to configure an efficiency-style setup that can also support a small waiting room or display area. The property is available for immediate occupancy, with the understanding that it needs some maintenance.

Located on Old Hwy 90 at 619 Hwy 20 Highway in Schriever, Louisiana 70395 (Terrebonne Parish). The building is suited for tenants or buyers seeking a combined warehouse and office environment on a larger lot.

The warehouse provides the primary enclosed working area, supported by the existing office and kitchen improvements to accommodate day-to-day operations within the same structure.

Key Highlights

• 1‑acre Old Hwy 90 commercial lot with immediate occupancy
• 60 x 40 metal building with a roll‑up door sized for a commercial vehicle
• Interior includes parts storage, multiple offices, and a kitchen

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

$18,740

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

8.33%

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%

$374,800 $374.8K

Cap Rate 7%

$267,714 $267.7K

Cap Rate 9%

$208,222 $208.2K

Market Conditions

NOI Build-Up for 2,400 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

$22.8K $9.48/SF

− Vacancy

−$705 −$0.29/SF

EGI

$22.0K $9.19/SF

− OpEx

−$3.3K −$1.38/SF

NOI

$18.7K $7.81/SF

Area

Terrebonne County, LA

Vacancy

3.10%

Lease Rate

$9.48 /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%

$374,800

Cap Rate 7%

$267,714

Cap Rate 9%

$208,222

Alternative Uses

Best Use

Office B

$537.4K

$470.2K – $626.9K (±1% cap)

NOI $37,616 @ 7.0% cap · market cap 16.72%

Second Best

Flex RnD

$314.5K

$275.2K – $366.9K (±1% cap)

NOI $22,015 @ 7.0% cap · market cap 9.78%

Theoretical Best

Office A

$661.6K

$578.9K – $771.8K (±1% cap)

NOI $46,310 @ 7.0% cap · market cap 20.58%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Lease Details

1

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 70395, LA

4,843

Population

1,985

Households

2.4

Avg Household Size

41

Median Age

21%

College-Educated

92%

High-School Grad

48.9 sq mi

ZIP Area

99

Density / Sq Mi

$77,043

Median Household Income

$42,243

Median Earnings

$895

Median Rent

$201,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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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 - One-acre commercial lot featuring a large metal warehouse with roll-up door and interior office and parts storage space.

Where is this flex space located?

The property is located at 619 Hwy 20 Highway Schriever, LA.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: 1‑acre Old Hwy 90 commercial lot with immediate occupancy; 60 x 40 metal building with a roll‑up door sized for a commercial vehicle; Interior includes parts storage, multiple offices, and a kitchen