Single-Tenant Flex
For Sale
$130,000
102 Pecan Grove Rd, Scott, LA 70583
One-story commercial building with grade-level vehicle access and an unzoned designation.
Property Size2,400 SF
Lot Size0.41 Acres
Price / SF$54.17
Days on Market159
Property Features for 102 Pecan Grove Rd
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.41 Acres
Property subtype
Industrial
Additional Details
Drive-In Doors
1
Building Details
Year Built
1983
Buildings
1
Stories
1
Building Size
2,400 SF
Tenancy
Single
Listing Agency:
Beacon Realty
(337) 654-1973
Listed By:
Burton Richard · License #995700828
(337) 654-1973
Source:
Lacdb.resimplifi
Added: Mar 25
Changed: Aug 29
Last Checked: Aug 29 at 7:19PM
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 Beacon Realty
Investment Insights
Based on property information with market context.
This single-tenant flex space includes a 2,400-square-foot, one-story building on approximately 0.41 acres. Constructed in 1983, the property has one grade-level drive-in door for vehicle, material, and equipment access. The building configuration supports shop, warehouse, storage, equipment, service, and light industrial functions.
The property is located in Scott, Louisiana, with proximity to the greater Lafayette area. Its unzoned designation may allow flexibility for industrial, commercial, or service-oriented operations, subject to buyer verification. The combination of building area, site acreage, and drive-in access provides a practical setting for a contractor, service operator, storage user, or small industrial business.
The property is located in Scott, Louisiana, with proximity to the greater Lafayette area. Its unzoned designation may allow flexibility for industrial, commercial, or service-oriented operations, subject to buyer verification. The combination of building area, site acreage, and drive-in access provides a practical setting for a contractor, service operator, storage user, or small industrial business.
Key Highlights
- 2,400 SF one‑story flex building
- Approximately 0.41‑acre site
- One grade‑level drive‑in 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
$10,030
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
7.72%
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%
$200,600
$200.6K
Cap Rate 7%
$143,286
$143.3K
Cap Rate 9%
$111,444
$111.4K
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
$14.4K $6.00/SF
− Vacancy
−$72 −$0.03/SF
EGI
$14.3K $5.97/SF
− OpEx
−$4.3K −$1.79/SF
NOI
$10.0K $4.18/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /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%
$200,600
Cap Rate 7%
$143,286
Cap Rate 9%
$111,444
Alternative Uses
Best Use
Flex RnD
$199.6K
$174.6K – $232.8K
NOI $13,970 @ 7.0% cap · market cap 10.75%
Second Best
Warehouse
$174.0K
$152.2K – $203.0K
NOI $12,179 @ 7.0% cap · market cap 9.37%
Theoretical Best
Office A
$567.4K
$496.5K – $662.0K
NOI $39,721 @ 7.0% cap · market cap 30.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70583, LA
11,981
Population
4,476
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
82%
High-School Grad
28.4 sq mi
ZIP Area
422
Density / Sq Mi
$52,856
Median Household Income
$45,131
Median Earnings
$877
Median Rent
$130,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - One-story commercial building with grade-level vehicle access and an unzoned designation.
Where is this flex space located?
The property is located at 102 Pecan Grove Rd Scott, LA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 2,400 SF one‑story flex building; Approximately 0.41‑acre site; One grade‑level drive‑in door
