Industrial Property with Heavy Electrical

19233 Plank Rd, Zachary, LA 70791

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For Sale

$649,000

Two buildings on 1.77 acres with business opportunities.

Type:Commercial/Industrial

Property size:

5,450 SF

Lot size:

1.77 Acres

Price / SF:

$119/SF

HighLights

8930 sq ft back shop building with 560 sq ft internal office and 560 sq ft upstairs apartment/office with separate metered electricity.
Wired for heavy electrical use with 240 volt 3 phase service.
1.77 acre lot.
5000 sq ft front warehouse building with attached 450 sq ft elevated outside office area.
Upstairs apartment/office in back shop building.
Business opportunity.

We can help!

Listing Contact

Brenda Garza

Learn more

For Sale

$649,000

Two buildings on 1.77 acres with business opportunities.

Type:Commercial/Industrial

Property size:

5,450 SF

Lot size:

1.77 Acres

Price / SF:

$119/SF

Added:: Jan 8, 2024
Days on Market:: 889
Last Refresh:: May 19 at 9:43 pm

Property Features for 19233 Plank Rd

General Information

Standard status: Active
Size: 5,450 SF
Lot size: 1.77 Acres
Property subtype: Commercial/Industrial

We can help!

Listing Contact

Brenda Garza

Listing agent Brenda Garza License #0000039834

Listing office Coldwell Banker ONE

Listing date Jan 8, 2024

Source Exitrealty

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 Coldwell Banker ONE

HighLights

8930 sq ft back shop building with 560 sq ft internal office and 560 sq ft upstairs apartment/office with separate metered electricity.
Wired for heavy electrical use with 240 volt 3 phase service.
1.77 acre lot.
5000 sq ft front warehouse building with attached 450 sq ft elevated outside office area.
Upstairs apartment/office in back shop building.
Business opportunity.

Overview

This property features two buildings situated on 1.77 acres, presenting business opportunities. The front warehouse building measures 50x100, totaling 5000 square feet, with an attached elevated outside office area of 18x25, or 450 square feet. The front building currently has no utilities connected. The back shop building measures 64x120 with an extension on the back of 20.5x61, equaling 8930 square feet. An internal office within the back building measures 20x28, or 560 square feet. Additionally, there is an upstairs apartment/office, also measuring 20x28, with separately metered electricity. The back building is wired for heavy electrical use with 240 volt 3 phase service.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$40.5k	$7.44
− Vacancy	−$2.4k	−$0.43
EGI	$38.2k	$7.01
− OpEx	−$5.7k	−$1.05
NOI	$32.5k	$5.96

5,450 SF · lease $7.44/SF/yr · vacancy 5.80% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$463.8K

$405.8K – $541.1K (±1% cap)

NOI $32,467 @ 7.0% cap · market cap 5.00%

Second Best

Industrial

$397.5K

$347.8K – $463.7K (±1% cap)

NOI $27,823 @ 7.0% cap · market cap 4.29%

Theoretical Best

Office A

$1.12M

$983.8K – $1.31M (±1% cap)

NOI $78,706 @ 7.0% cap · market cap 12.13%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Location Insight

Map
Local Demand

City: Zachary
County: East Baton Rouge
State: Louisiana
Longitude: -91.1104
Latitude: 30.637

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For sale
Warehouses
LA
Zachary
70791
19233 Plank Rd

What type of property is this?

Warehouse - Two buildings on 1.77 acres with business opportunities.

Where is this warehouse located?

The property is located at 19233 Plank Rd Zachary, LA.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: 8930 sq ft back shop building with 560 sq ft internal office and 560 sq ft upstairs apartment/office with separate metered electricity.; Wired for heavy electrical use with 240 volt 3 phase service.; 1.77 acre lot.