Renovated Flex
For Sale
$1,400,000
125 Raggio Road, Scott, LA 70583
Three buildings pair finished office space with warehouse area on a light-industrial site.
Property Size13,050 SF
Lot Size9.55 Acres
Price / SF$107.28
Days on Market16
Property Features for 125 Raggio Road
General Information
Standard status
Active
Size
13,050 SF
Total Parking Spaces
40
Lot size
9.55 Acres
Zoning
Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
7,250 SF
Office Build-Out
5,823 SF
Dock-High Doors
6
Land
Topography
level
Land Use
commercial, industrial
Additional Details
Property Use
Office Warehouse
Taxes and HOA fees
Annual Taxes
$9,000
Building Details
Year Renovated
2023
Buildings
3
Construction
steel frame
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Mark Van Eaton · License #LA 4771
(337) 654-5700
Source:
Exprealty
Added: Oct 22
Changed: Nov 5
Last Checked: Nov 4 at 3:40PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
The flex property comprises three buildings with approximately 5,823 square feet of finished office space and 7,250 square feet of warehouse space. The warehouse has insulated construction, six overhead doors with levelers, and 16-foot clear height. The improved parcel includes 40 paved parking spaces and received renovations in 2023. Municipal water, natural gas, and underground utilities serve the property, which is zoned Light Industrial and lies within FEMA Flood Zone X.
The improved 4.71-acre parcel is at 125 Raggio Road in Scott, near Interstate 10. An additional contiguous 4.84-acre vacant parcel reaches the corner of Raggio Road and Hebert Road, bringing the combined offering to approximately 9.55 acres with frontage on both roads.
The improved 4.71-acre parcel is at 125 Raggio Road in Scott, near Interstate 10. An additional contiguous 4.84-acre vacant parcel reaches the corner of Raggio Road and Hebert Road, bringing the combined offering to approximately 9.55 acres with frontage on both roads.
Key Highlights
- Three buildings with approximately 5,823 square feet of finished office area and 7,250 square feet of warehouse space
- Improved parcel contains 4.71 acres; contiguous vacant parcel adds 4.84 acres, for approximately 9.55 acres combined
- Warehouse has six overhead doors with levelers and 16‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,961
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,519,220
$1.5M
Cap Rate 7%
$1,085,157
$1.1M
Cap Rate 9%
$844,011
$844.0K
Market Conditions
NOI Build-Up for 13,050 SF
Gross rent
$117.5K $9.00/SF
− Vacancy
−$587 −$0.05/SF
EGI
$116.9K $8.96/SF
− OpEx
−$40.9K −$3.13/SF
NOI
$76.0K $5.82/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,519,220
Cap Rate 7%
$1,085,157
Cap Rate 9%
$844,011
Alternative Uses
Best Use
Flex RnD
$1.09M
$949.5K – $1.27M
NOI $75,961 @ 7.0% cap · market cap 5.43%
Second Best
Warehouse
$946.0K
$827.8K – $1.10M
NOI $66,222 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $215,983 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
6
Dock-high doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70583, LA
11,981
Population
4,476
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
82%
High-School Grad
28.4 sq mi
ZIP Area
422
Density / Sq Mi
$52,856
Median Household Income
$45,131
Median Earnings
$877
Median Rent
$130,400
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bailey's Offshore Catering — 1710 W Willow St, Scott, LA 70583
Frequently Asked Questions
What type of property is this?
Flex space - Three buildings pair finished office space with warehouse area on a light-industrial site.
Where is this flex space located?
The property is located at 125 Raggio Road Scott, LA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three buildings with approximately 5,823 square feet of finished office area and 7,250 square feet of warehouse space; Improved parcel contains 4.71 acres; contiguous vacant parcel adds 4.84 acres, for approximately 9.55 acres combined; Warehouse has six overhead doors with levelers and 16‑foot clear height
