Office Warehouse Complex with Overhead
For Sale
$1,400,000
125 Raggio Rd, Scott, LA 70583
Well-maintained office-warehouse complex with six overhead doors, 16-foot clear height, and recently renovated in 2023.
Property Size13,050 SF
Lot Size9.55 Acres
Price / SF$107.28
Days on Market114
Property Features for 125 Raggio Rd
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
Dock-High Doors
6
Building Details
Year Renovated
2023
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Ashby Pettigrew · License #0995700315
(337) 889-8490
Source:
Exprealty
Added: May 16
Changed: Aug 31
Last Checked: Sep 5 at 11:34AM
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
Investment Insights
Based on property information with market context.
A well-maintained office warehouse complex offering approximately 13,073 square feet of versatile space across three buildings, including approximately 5,823 square feet of finished office area and approximately 7,250 square feet of warehouse space. The facility is constructed with a steel frame and 26-gauge metal panel exterior walls and roof, and the warehouse is fully insulated. Operational features include six overhead doors with levelers and approximately 16-foot clear height. The property was recently renovated in 2023 and includes 40 paved parking spaces. Municipal water, natural gas, and underground utilities service the site.
The improved parcel sits on level Light Industrial-zoned land and totals approximately 4.71 acres. It also includes an additional contiguous 4.84 acres of vacant land extending to the corner of Raggio Road and Hebert Road, creating dual road frontage and corner visibility. The offering totals approximately 9.55 acres and is described as being in one of the more active industrial corridors in Lafayette Parish, conveniently near Interstate 10.
The improved parcel is situated in FEMA Flood Zone X, indicating minimal flood risk. This combination of built-out warehouse/office space and adjacent vacant land supports owner-occupant, investment, or redevelopment use cases based on the configuration provided.
The improved parcel sits on level Light Industrial-zoned land and totals approximately 4.71 acres. It also includes an additional contiguous 4.84 acres of vacant land extending to the corner of Raggio Road and Hebert Road, creating dual road frontage and corner visibility. The offering totals approximately 9.55 acres and is described as being in one of the more active industrial corridors in Lafayette Parish, conveniently near Interstate 10.
The improved parcel is situated in FEMA Flood Zone X, indicating minimal flood risk. This combination of built-out warehouse/office space and adjacent vacant land supports owner-occupant, investment, or redevelopment use cases based on the configuration provided.
Key Highlights
- Office‑warehouse complex on 4.71 acres in Lafayette, LA with approximately 13,073 SF across three buildings
- Includes approximately 5,823 SF finished office space and approximately 7,250 SF warehouse space
- Warehouse features six overhead doors with levelers, 16‑foot clear height, steel frame, fully insulated metal panel construction
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
$75,961
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
5.43%
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%
$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
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
$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 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%
$1,519,220
Cap Rate 7%
$1,085,157
Cap Rate 9%
$844,011
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.53M
NOI $151,863 @ 7.0% cap · market cap 10.85%
Second Best
Flex RnD
$1.09M
$949.5K – $1.27M
NOI $75,961 @ 7.0% cap · market cap 5.43%
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.
Property Analytics
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained office-warehouse complex with six overhead doors, 16-foot clear height, and recently renovated in 2023.
Where is this flex space located?
The property is located at 125 Raggio Rd 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: Office‑warehouse complex on 4.71 acres in Lafayette, LA with approximately 13,073 SF across three buildings; Includes approximately 5,823 SF finished office space and approximately 7,250 SF warehouse space; Warehouse features six overhead doors with levelers, 16‑foot clear height, steel frame, fully insulated metal panel construction
