Listing Agency: Lee & Associates | Baton Rouge Show Phone

Listed By: Elliott Scroggs Show Phone

Source: Moodyscre

Added: May 1 Changed: Oct 14 Last Checked: Oct 16 at 9:36AM

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Investment Insights

Based on property information with market context.

This heavy industrial flex property includes an approximately 10-acre industrial site with a stabilized yard of approximately 3 acres. Onsite, there is a 2,400 SF office/warehouse building with about 400 SF of office space, supporting flexible office and warehouse needs in a single location.

The property offers convenient access to US Highway 61, supporting practical ingress and egress for day-to-day operations.

For businesses seeking a combined industrial yard and functional office/warehouse facility, the existing onsite improvements provide a straightforward configuration for covered and open-air activities.

Key Highlights

• 10‑acre heavy industrial site with yard for operational use
• 3 acres stabilized yard for storage and operations
• 2,400 SF office/warehouse building on‑site with 400 SF office

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,585

Cap Rate

4.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$511,700 $511.7K

Cap Rate 7%

$365,500 $365.5K

Cap Rate 9%

$284,278 $284.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$42.0K $17.52/SF

− Vacancy

−$7.9K −$3.31/SF

EGI

$34.1K $14.21/SF

− OpEx

−$8.5K −$3.55/SF

NOI

$25.6K $10.66/SF

Area

East Baton Rouge County, LA

Vacancy

18.87%

Lease Rate

$17.52 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$511,700

Cap Rate 7%

$365,500

Cap Rate 9%

$284,278

Alternative Uses

Best Use

Office B

$365.5K

$319.8K – $426.4K (±1% cap)

NOI $25,585 @ 7.0% cap · market cap 4.53%

Second Best

Flex RnD

$358.4K

$313.6K – $418.2K (±1% cap)

NOI $25,090 @ 7.0% cap · market cap 4.44%

Theoretical Best

Office A

$495.1K

$433.2K – $577.7K (±1% cap)

NOI $34,659 @ 7.0% cap · market cap 6.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

14

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Heavy industrial site includes a 2,400 SF office/warehouse building and a stabilized yard for operational storage.

Where is this flex space located?

The property is located at 138 W Irene Rd Zachary, LA.

What is the asking price?

The asking price for this property is $565,000.

What are key features of this property?

This property features: 10‑acre heavy industrial site with yard for operational use; 3 acres stabilized yard for storage and operations; 2,400 SF office/warehouse building on‑site with 400 SF office