Light Industrial Office
For Sale
$249,900
12026 Mansfield Road, Keithville, LA 71047
Move-in ready office building with reception, private offices, and an additional equipped room under I-1 zoning.
Property Size1,250 SF
Price / SF$199.92
Days on Market21
Property Features for 12026 Mansfield Road
General Information
Standard status
Active
Size
1,250 SF
Total Parking Spaces
6
Property subtype
Commercial
Zoning
I-1
Amenities
recessed LED lighting
exterior LED security lighting
ADT-monitored security system
high-speed internet
landline phone system
kitchenette
Building Details
Building Size
1,250 SF
Year Built
2012
Stories
1
Units
1
Listing Agency:
Keller Williams Northwest
(318) 402-6788
Listed By:
Michelle Savage · License #0995696678
(318) 402-6788
Source:
Signaturere
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 9 at 1:24PM
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 Keller Williams Northwest
Investment Insights
Based on property information with market context.
This well-maintained light industrial office building is designed for day-to-day functionality and efficient operations. The interior includes a reception area, three private offices, and a versatile fourth room that can be used as a conference room, break room, or additional workspace. That room is already equipped with cabinetry, a sink, a refrigerator, and ample counter space. Additional features include wood-look laminate flooring, a storage or file room, a communications equipment closet, attic storage, recessed LED lighting, exterior LED security lighting, and an ADT-monitored security system. The building also has high-speed internet and a landline phone system with five separate lines.
The property is zoned I-1 (Light Industrial) and sits on a 1.5-acre tract. Outside, there are six designated parking spaces plus additional paved parking along the south side of the building.
Behind the office, an approximately 20,000-square-foot established rock base is in place to support future expansion such as additional parking, equipment storage, or fleet vehicle use, though the rock base is currently covered by grass.
The property is zoned I-1 (Light Industrial) and sits on a 1.5-acre tract. Outside, there are six designated parking spaces plus additional paved parking along the south side of the building.
Behind the office, an approximately 20,000-square-foot established rock base is in place to support future expansion such as additional parking, equipment storage, or fleet vehicle use, though the rock base is currently covered by grass.
Key Highlights
- Office building built in 2012 with a reception area, three private offices, and a 4th room equipped with cabinetry, sink, refrigerator, and counter space
- I‑1 (Light Industrial) zoning allows flexibility for a variety of business uses
- Security and lighting features include ADT‑monitored security system, recessed LED lighting, and exterior LED security lighting
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
$10,481
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
4.19%
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%
$209,620
$209.6K
Cap Rate 7%
$149,729
$149.7K
Cap Rate 9%
$116,456
$116.5K
Market Conditions
NOI Build-Up for 1,250 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
$18.8K $15.00/SF
− Vacancy
−$2.6K −$2.10/SF
EGI
$16.1K $12.90/SF
− OpEx
−$5.6K −$4.52/SF
NOI
$10.5K $8.39/SF
Area
Caddo County, LA
Vacancy
14.00%
Lease Rate
$15.00 /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%
$209,620
Cap Rate 7%
$149,729
Cap Rate 9%
$116,456
Alternative Uses
Best Use
Flex RnD
$149.7K
$131.0K – $174.7K
NOI $10,481 @ 7.0% cap · market cap 4.19%
Second Best
Office B
$145.4K
$127.2K – $169.6K
NOI $10,178 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$247.3K
$216.4K – $288.6K
NOI $17,313 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 71047, LA
10,698
Population
4,578
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
84%
High-School Grad
109.0 sq mi
ZIP Area
98
Density / Sq Mi
$57,359
Median Household Income
$36,323
Median Earnings
$1,019
Median Rent
$141,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Move-in ready office building with reception, private offices, and an additional equipped room under I-1 zoning.
Where is this office building located?
The property is located at 12026 Mansfield Road Keithville, LA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Office building built in 2012 with a reception area, three private offices, and a 4th room equipped with cabinetry, sink, refrigerator, and counter space; I‑1 (Light Industrial) zoning allows flexibility for a variety of business uses; Security and lighting features include ADT‑monitored security system, recessed LED lighting, and exterior LED security lighting
