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 Market368
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
Listed By:
John Lorick · License #995689356
(318) 208-1584
Source:
Lacdb.resimplifi
Added: Oct 15, 2025
Changed: Oct 7
Last Checked: Oct 16 at 5:57AM
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
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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 / Yr
$28,150
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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
