Flex Space with
For Sale
$475,500
11850 Mansfield Rd, Keithville, LA 71047
Office, warehouse, and covered work areas support varied commercial operations with truck access and equipment parking.
Property Size7,475 SF
Price / SF$63.61
Days on Market322
Property Features for 11850 Mansfield Rd
General Information
Standard status
Active
Size
7,475 SF
Property subtype
Industrial
Zoning
R-A
Listing Agency:
RE/MAX UNITED
(318) 208-1584
Listed By:
John Lorick · License #995689356
(318) 208-1584
Source:
Lacdb.resimplifi
Added: Oct 15, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:28PM
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 RE/MAX UNITED
Investment Insights
Based on property information with market context.
This flex property combines office space with a warehouse and shop area, plus a covered outdoor work area. The shop and work area are equipped with three cranes, providing built-in support for material handling and shop operations. The property also includes space for parking vehicles and equipment.
Located on Mansfield Road, the property offers access suitable for large trucks and road frontage along the site. Zoning is R-A. The building contains approximately 7,475 square feet of commercial space and is offered for sale.
Located on Mansfield Road, the property offers access suitable for large trucks and road frontage along the site. Zoning is R-A. The building contains approximately 7,475 square feet of commercial space and is offered for sale.
Key Highlights
- Approximately 7,475 SF of flex space
- Office, warehouse, shop, and covered work areas
- Three cranes serving the shop and work 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
$28,150
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
5.92%
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%
$563,000
$563.0K
Cap Rate 7%
$402,143
$402.1K
Cap Rate 9%
$312,778
$312.8K
Market Conditions
NOI Build-Up for 7,475 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
$35.9K $4.80/SF
− Vacancy
−$2.8K −$0.37/SF
EGI
$33.1K $4.43/SF
− OpEx
−$5.0K −$0.66/SF
NOI
$28.1K $3.77/SF
Area
Caddo County, LA
Vacancy
7.70%
Lease Rate
$4.80 /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%
$563,000
Cap Rate 7%
$402,143
Cap Rate 9%
$312,778
Alternative Uses
Best Use
Flex RnD
$895.4K
$783.5K – $1.04M
NOI $62,678 @ 7.0% cap · market cap 13.18%
Second Best
Warehouse
$402.1K
$351.9K – $469.2K
NOI $28,150 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.73M
NOI $103,531 @ 7.0% cap · market cap 21.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71047, LA
10,698
Population
4,578
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
84%
High-School Grad
109.0 sq mi
ZIP Area
98
Density / Sq Mi
$57,359
Median Household Income
$36,323
Median Earnings
$1,019
Median Rent
$141,000
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 - Office, warehouse, and covered work areas support varied commercial operations with truck access and equipment parking.
Where is this flex space located?
The property is located at 11850 Mansfield Rd Keithville, LA.
What is the asking price?
The asking price for this property is $475,500.
What are key features of this property?
This property features: Approximately 7,475 SF of flex space; Office, warehouse, shop, and covered work areas; Three cranes serving the shop and work area
