Industrial Property with Heavy
For Sale
$649,000
19233 Plank Rd, Zachary, LA 70791
Two buildings on 1.77 acres with business opportunities.
Property Size5,450 SF
Lot Size1.77 Acres
Price / SF$119.08
Days on Market933
Property Features for 19233 Plank Rd
General Information
Standard status
Active
Size
5,450 SF
Lot size
1.77 Acres
Property subtype
Commercial/Industrial
Listing Agency:
Coldwell Banker ONE
(225) 933-8351
Listed By:
Brenda Garza · License #0000039834
(225) 933-8351
Source:
Exitrealty
Added: Jan 9, 2024
Changed: Jul 10
Last Checked: Jul 30 at 5:30AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| 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
NOI $32,467 @ 7.0% cap · market cap 5.00%
Second Best
Industrial
$397.5K
$347.8K – $463.7K
NOI $27,823 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.12M
$983.8K – $1.31M
NOI $78,706 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70791, LA
29,432
Population
12,112
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
95%
High-School Grad
119.1 sq mi
ZIP Area
247
Density / Sq Mi
$80,243
Median Household Income
$57,376
Median Earnings
$1,389
Median Rent
$269,800
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?
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.
