Warehouse and Office Flex
For Sale
$699,000
1013 Bert Street, Laplace, LA 70068
Flex facility offering office and warehouse space, with a fenced gravel yard and covered storage for equipment handling.
Property Size1,000 SF
Lot Size1.58 Acres
Price / SF$69.90
Days on Market176
Property Features for 1013 Bert Street
General Information
Standard status
Active
Size
1,000 SF
Lot size
1.58 Acres
Property subtype
Commercial
Zoning
Ind.
Occupancy
100%
Additional Details
Fenced Yard
Yes
Building Details
Building Size
1,000 SF
Year Built
1998
Stories
2
Tenancy
Single
Listing Agency:
Baron Real Estate
(504) 377-0784
Listed By:
Blake Murray · License #995688371
(504) 377-0784
Source:
Nolalivingrealty
Added: Mar 1
Changed: Aug 23
Last Checked: Aug 23 at 2:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baron Real Estate
Investment Insights
Based on property information with market context.
This flex property includes 2,000 square feet of office space and 8,000 square feet of warehouse space. The building is currently occupied by Associated Marine Equipment. Outside, the site is improved with gravel laydown area surrounding the entire building, secured by a security fence, and served by rear yard gates on both sides of the structure.
The property sits on a 214' x 321' lot at 1013 Bert St in La Place, LA. The yard includes a covered storage area and designated chemical tank and fuel tank storage. With perimeter fencing and access points along the rear, the layout is designed to support controlled staging and storage around the warehouse.
For buyers or tenants looking for a combined office-and-warehouse operation, this configuration can support businesses that need both working space inside and dedicated material storage outdoors. The presence of covered storage and on-site chemical and fuel tank storage may be particularly relevant for operators handling equipment and materials requiring sheltered staging and contained storage. The yard setup can also benefit contractors, distributors, and industrial service users who require flexible space for daily laydown and security-conscious operations. Please note the property is currently occupied, and potential buyers should plan for continuity and access during due diligence.
The property sits on a 214' x 321' lot at 1013 Bert St in La Place, LA. The yard includes a covered storage area and designated chemical tank and fuel tank storage. With perimeter fencing and access points along the rear, the layout is designed to support controlled staging and storage around the warehouse.
For buyers or tenants looking for a combined office-and-warehouse operation, this configuration can support businesses that need both working space inside and dedicated material storage outdoors. The presence of covered storage and on-site chemical and fuel tank storage may be particularly relevant for operators handling equipment and materials requiring sheltered staging and contained storage. The yard setup can also benefit contractors, distributors, and industrial service users who require flexible space for daily laydown and security-conscious operations. Please note the property is currently occupied, and potential buyers should plan for continuity and access during due diligence.
Key Highlights
- Flex facility with 2,000 SF office space and 8,000 SF warehouse space
- Currently occupied by Associated Marine Equipment
- 214' x 321' lot with gravel laydown area surrounding the entire building
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
$59,850
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
8.56%
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%
$1,197,000
$1.2M
Cap Rate 7%
$855,000
$855.0K
Cap Rate 9%
$665,000
$665.0K
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
$90.0K $9.00/SF
− Vacancy
−$4.5K −$0.45/SF
EGI
$85.5K $8.55/SF
− OpEx
−$25.7K −$2.56/SF
NOI
$59.9K $5.98/SF
Area
St. John the Baptist County, LA
Vacancy
5.00%
Lease Rate
$9.00 /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%
$1,197,000
Cap Rate 7%
$855,000
Cap Rate 9%
$665,000
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,744 @ 7.0% cap · market cap 19.85%
Second Best
Warehouse
$1.15M
$1.01M – $1.34M
NOI $80,427 @ 7.0% cap · market cap 11.51%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,680 @ 7.0% cap · market cap 26.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70068, LA
33,213
Population
13,379
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
49.3 sq mi
ZIP Area
674
Density / Sq Mi
$69,334
Median Household Income
$39,585
Median Earnings
$1,117
Median Rent
$191,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex facility offering office and warehouse space, with a fenced gravel yard and covered storage for equipment handling.
Where is this flex space located?
The property is located at 1013 Bert Street Laplace, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Flex facility with 2,000 SF office space and 8,000 SF warehouse space; Currently occupied by Associated Marine Equipment; 214' x 321' lot with gravel laydown area surrounding the entire building
