Drive-Up Self-Storage
For Sale
$389,000
Pending
112 Minolta Rd, Youngsville, LA 70592
Secured storage property combines drive-up buildings, outdoor parking units, and controlled vehicle access.
Property Size5,050 SF
Days on Market160
Property Features for 112 Minolta Rd
General Information
Standard status
Pending
Size
5,050 SF
Property subtype
Investment
Listing Agency:
Lee & Associates
(318) 914-1576
Listed By:
Will Watson · License #995701278-ACT
(318) 914-1576
Source:
Lacdb.resimplifi
Added: Mar 23
Changed: Aug 28
Last Checked: Aug 28 at 11:34AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
Located at 112 Minolta Rd in Youngsville, Louisiana, the property is centered on self-storage operations with two drive-up buildings and 38 outdoor parking units. The configuration offers both enclosed storage spaces and exterior vehicle storage, along with a commercial lease component.
Security improvements include perimeter fencing, a camera system serving the facility, and an automatic gate with keypad entry. Adjacent vacant land is also identified as part of the property context. Youngsville’s development pipeline includes 2,015 lots/units in design, 1,842 lots/units under construction, and 1,148 lots/units recently completed, providing measurable growth context for the surrounding market.
Security improvements include perimeter fencing, a camera system serving the facility, and an automatic gate with keypad entry. Adjacent vacant land is also identified as part of the property context. Youngsville’s development pipeline includes 2,015 lots/units in design, 1,842 lots/units under construction, and 1,148 lots/units recently completed, providing measurable growth context for the surrounding market.
Key Highlights
- Two drive‑up self‑storage buildings
- 38 outdoor parking units
- Perimeter fencing and facility‑wide camera system
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
$25,626
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
6.59%
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%
$512,520
$512.5K
Cap Rate 7%
$366,086
$366.1K
Cap Rate 9%
$284,733
$284.7K
Market Conditions
NOI Build-Up for 5,050 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
$30.3K $6.00/SF
− Vacancy
−$152 −$0.03/SF
EGI
$30.1K $5.97/SF
− OpEx
−$4.5K −$0.90/SF
NOI
$25.6K $5.07/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /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%
$512,520
Cap Rate 7%
$366,086
Cap Rate 9%
$284,733
Alternative Uses
Best Use
Self Storage
$541.2K
$473.5K – $631.4K
NOI $37,881 @ 7.0% cap · market cap 9.74%
Second Best
Warehouse
$366.1K
$320.3K – $427.1K
NOI $25,626 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,580 @ 7.0% cap · market cap 21.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 70592, LA
28,975
Population
11,583
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
682
Density / Sq Mi
$93,453
Median Household Income
$53,063
Median Earnings
$1,106
Median Rent
$239,000
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?
Self storage facility - Secured storage property combines drive-up buildings, outdoor parking units, and controlled vehicle access.
Where is this self storage facility located?
The property is located at 112 Minolta Rd Youngsville, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two drive‑up self‑storage buildings; 38 outdoor parking units; Perimeter fencing and facility‑wide camera system
