Land with Metal Workshop
For Sale
$130,000
12289 LEBLANC Lane lot X1c, Walker, LA 70785
Vacant Land, Walker, LA
Property Size900 SF
Lot Size1.00 Acre
Price / SF$144.44
Days on Market51
Property Features for 12289 LEBLANC Lane lot X1c
General Information
Property type
Land
Property subtype
Other
Zoning
RES
Lot features
1-5 Acres
Subdivision
LIV MLS Area 80
Standard status
Active
APN
0425496F
Lot size
1.00 Acre
Utilities
Water source
Public
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Anthony Neeson · License #0995699516
(985) 507-0076
Added: Jul 17
Changed: Aug 19
Last Checked: Sep 5 at 2:06AM
MLS# 2568237
Copyright © 2026 New Orleans Metropolitan 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 one-acre property includes a large clay-packed house pad that has been built up and compacted over two-plus years, providing a solid foundation ready for construction. The site also features a 2024 Mallett Premium Series 30x30 metal building with a 6-inch concrete floor, two 10x12 roll-up doors, and a side entry door. The current improvements support practical uses such as workshop space or storage, with the building also described as potentially convertible in the future.
The property is located in Flood Zone X, which can be helpful for planning. Utilities are available at the road, including electricity, water, and natural gas. The listing also notes there are no city restrictions, offering flexibility for residential or mixed use considerations under the provided zoning designation of RES.
Overall, the combination of a prepared pad and an on-site metal building gives this lot a ready-to-develop setup for a new build and immediate ancillary use.
The property is located in Flood Zone X, which can be helpful for planning. Utilities are available at the road, including electricity, water, and natural gas. The listing also notes there are no city restrictions, offering flexibility for residential or mixed use considerations under the provided zoning designation of RES.
Overall, the combination of a prepared pad and an on-site metal building gives this lot a ready-to-develop setup for a new build and immediate ancillary use.
Key Highlights
- 1.00‑acre lot with a large clay‑packed house pad built up and compacted over 2+ years
- Flood Zone X location
- 2024 Mallett Premium Series 30x30 metal building with a 6" concrete floor
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
$6,002
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
4.62%
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%
$120,040
$120.0K
Cap Rate 7%
$85,743
$85.7K
Cap Rate 9%
$66,689
$66.7K
Market Conditions
NOI Build-Up for 900 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
$8.7K $9.72/SF
− Vacancy
−$174 −$0.19/SF
EGI
$8.6K $9.53/SF
− OpEx
−$2.6K −$2.86/SF
NOI
$6.0K $6.67/SF
Area
Livingston County, LA
Vacancy
1.99%
Lease Rate
$9.72 /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%
$120,040
Cap Rate 7%
$85,743
Cap Rate 9%
$66,689
Alternative Uses
Best Use
Industrial
$85.7K
$75.0K – $100.0K
NOI $6,002 @ 7.0% cap · market cap 4.62%
Second Best
Flex RnD
$83.5K
$73.1K – $97.5K
NOI $5,848 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$215.5K
$188.6K – $251.5K
NOI $15,088 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 70785, LA
22,569
Population
8,555
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
93.3 sq mi
ZIP Area
242
Density / Sq Mi
$84,551
Median Household Income
$52,025
Median Earnings
$1,059
Median Rent
$235,100
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?
Residential land & home lot - One-acre lot in Flood Zone X with a built-up house pad and a 2024 30x30 metal building.
Where is this residential land & home lot located?
The property is located at 12289 LEBLANC Lane lot X1c Walker, 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: 1.00‑acre lot with a large clay‑packed house pad built up and compacted over 2+ years; Flood Zone X location; 2024 Mallett Premium Series 30x30 metal building with a 6" concrete floor
