Open-Span Flex
For Sale
$995,000
9775 Lockhart Rd, Denham Springs, LA 70726
COMMERCIAL - Denham Springs, LA
Property Size10,000 SF
Lot Size0.80 Acres
Price / SF$99.50
Days on Market50
Property Features for 9775 Lockhart Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Exterior features
Door Sign
Subdivision
Rural Tract (no Subd)
Directions
HWY 16 N RIGHT ON LOCKHART ROAD. ACROSS FROM NORTH PARK
Standard status
Active
Size
10,000 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
LOT C-1 CONTS 1.39 ACRES SEC 28-6-3
Legal Description
LOT C-1 CONTS 1.39 ACRES SEC 28-6-3
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick, Metal Const
Roof type
Metal
Listing Agency:
ACG Realty
(225) 384-0020
Listed By:
Alvin Cain · License #995701973
(225) 993-0827
Added: Jul 4
Changed: Aug 5
Last Checked: Aug 22 at 8:06AM
MLS# 2026012268
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.
Open-span flex warehouse with a layout built for multiple uses, including former school, church, and athletic training/batting facility functions. The building offers a substantial open-span area for large gatherings, training, or custom buildout, plus multiple private offices/classrooms. There are restrooms and a kitchen/break area, and the property includes dedicated entry points designed to support operational flexibility.
The property is located at 9775 Lockhart Rd in Denham Springs, Louisiana on a 0.8-acre lot with ample paved parking and a parking lot configuration. It is served by public water and public sewer.
The structure is constructed with brick and metal construction materials and features a metal roof. Heating includes electric heating and central heating, and cooling is provided by central air.
The property is located at 9775 Lockhart Rd in Denham Springs, Louisiana on a 0.8-acre lot with ample paved parking and a parking lot configuration. It is served by public water and public sewer.
The structure is constructed with brick and metal construction materials and features a metal roof. Heating includes electric heating and central heating, and cooling is provided by central air.
Key Highlights
- 0.8‑acre lot with ample paved parking and parking lot setup
- 10,000 SF flex space with substantial open‑span warehouse/flex area
- Multiple private offices/classrooms plus restrooms and a kitchen/break area
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
$66,686
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
6.70%
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%
$1,333,720
$1.3M
Cap Rate 7%
$952,657
$952.7K
Cap Rate 9%
$740,956
$741.0K
Market Conditions
NOI Build-Up for 10,000 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
$97.2K $9.72/SF
− Vacancy
−$1.9K −$0.19/SF
EGI
$95.3K $9.53/SF
− OpEx
−$28.6K −$2.86/SF
NOI
$66.7K $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%
$1,333,720
Cap Rate 7%
$952,657
Cap Rate 9%
$740,956
Alternative Uses
Best Use
Industrial
$952.7K
$833.6K – $1.11M
NOI $66,686 @ 7.0% cap · market cap 6.70%
Second Best
Flex RnD
$928.2K
$812.2K – $1.08M
NOI $64,974 @ 7.0% cap · market cap 6.53%
Theoretical Best
Specialty Retail
$2.39M
$2.10M – $2.79M
NOI $167,644 @ 7.0% cap · market cap 16.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70726, LA
59,586
Population
24,925
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
88.2 sq mi
ZIP Area
676
Density / Sq Mi
$77,129
Median Household Income
$41,240
Median Earnings
$1,180
Median Rent
$215,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space building with central air, electric and central heat, metal roof, and parking lot on a 0.8-acre lot.
Where is this flex space located?
The property is located at 9775 Lockhart Rd Denham Springs, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 0.8‑acre lot with ample paved parking and parking lot setup; 10,000 SF flex space with substantial open‑span warehouse/flex area; Multiple private offices/classrooms plus restrooms and a kitchen/break area
