Flex Space with Loading
For Sale
$1,339,000
12282 La Hwy 431, Saint Amant, LA 70774
Commercial Sale, St Amant, LA
Property Size22,372 SF
Lot Size2.07 Acres
Price / SF$59.85
Days on Market111
Property Features for 12282 La Hwy 431
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking
150
Parking features
Parking Lot
Exterior features
Loading Dock/Grade, Storage
Subdivision
Rural Tract (no Subd)
Standard status
Active
Size
22,372 SF
Lot size
2.07 Acres
Taxes and HOA fees
Tax Description
2.07 AC. SEC. 24-9-3
Legal Description
2.07 AC. SEC. 24-9-3
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Building materials
Brick, Metal Const
Roof type
Metal
Additional Structures
Storage
Listing Agency:
eXp Realty
(225) 412-9982
Listed By:
Charles Leblanc
(225) 287-9633
Added: May 4
Changed: Aug 22
Last Checked: Aug 22 at 3:06PM
MLS# 2026008665
Copyright © 2026 Greater Baton Rouge Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 22,372-square-foot flex space occupies 2.07 acres at 12282 La Hwy 431 in St. Amant. The property combines brick and metal construction with a metal roof that is 4 years old, plus a loading dock/grade area, storage, parking lot, and three bathrooms. Central heating and central air are installed, and the site is served by public sewer.
Positioned along La Hwy 431 in Ascension Parish, the property has frontage and traffic exposure noted in the listing information. Its existing configuration includes practical warehouse and commercial building features, with a documented history as Gonzales Used Furniture. The asset is offered for sale.
Positioned along La Hwy 431 in Ascension Parish, the property has frontage and traffic exposure noted in the listing information. Its existing configuration includes practical warehouse and commercial building features, with a documented history as Gonzales Used Furniture. The asset is offered for sale.
Key Highlights
- 22,372 square feet on 2.07 acres
- Loading dock/grade access with dedicated storage
- Metal roof installed 4 yrs old
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
$114,211
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
8.53%
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%
$2,284,220
$2.3M
Cap Rate 7%
$1,631,586
$1.6M
Cap Rate 9%
$1,269,011
$1.3M
Market Conditions
NOI Build-Up for 22,372 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
$174.5K $7.80/SF
− Vacancy
−$11.3K −$0.51/SF
EGI
$163.2K $7.29/SF
− OpEx
−$48.9K −$2.19/SF
NOI
$114.2K $5.11/SF
Area
Ascension County, LA
Vacancy
6.50%
Lease Rate
$7.80 /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%
$2,284,220
Cap Rate 7%
$1,631,586
Cap Rate 9%
$1,269,011
Alternative Uses
Best Use
Flex RnD
$2.62M
$2.29M – $3.06M
NOI $183,342 @ 7.0% cap · market cap 13.69%
Second Best
Warehouse
$1.90M
$1.67M – $2.22M
NOI $133,275 @ 7.0% cap · market cap 9.95%
Theoretical Best
Office A
$4.91M
$4.30M – $5.73M
NOI $343,634 @ 7.0% cap · market cap 25.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70774, LA
9,900
Population
4,412
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
89%
High-School Grad
52.5 sq mi
ZIP Area
189
Density / Sq Mi
$81,466
Median Household Income
$47,658
Median Earnings
$1,073
Median Rent
$243,600
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 - Brick-and-metal commercial property with storage, parking, central systems, and public sewer service.
Where is this flex space located?
The property is located at 12282 La Hwy 431 Saint Amant, LA.
What is the asking price?
The asking price for this property is $1,339,000.
What are key features of this property?
This property features: 22,372 square feet on 2.07 acres; Loading dock/grade access with dedicated storage; Metal roof installed 4 yrs old
