Westport Industrial Park Flex
For Sale
Contact for pricing
1402 Bridgeview Dr, Port Allen, LA 70767
Located in Westport Industrial Park with I-10 visibility.
Property Size44,324 SF
Price / SF$110.55
Days on Market958
Property Features for 1402 Bridgeview Dr
General Information
Standard status
Active
Size
44,324 SF
Class
A
Property subtype
Office, Industrial
Zoning
L-3
Building Details
Year Built
2014
Listing Agency:
Stirling Properties Baton Rouge
(318) 681-1051
Listed By:
Jim Dowling · License #Louisiana
Source:
Crexi
Added: Dec 27, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:13AM
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 Stirling Properties Baton Rouge
Investment Insights
Based on property information with market context.
Located on the west side of the Mississippi River, directly across from Baton Rouge, LA, this property fronts Bridgeview Drive in Westport Industrial Park, in Port Allen, LA. The site benefits from I-10 visibility with a traffic count of approximately 79,400 vehicles per day. The property is positioned on the north side of I-10 and Bridgeview Drive, adjoining the west side of "Kenworth of South Louisiana". It is located between two I-10 interchanges: via I-10 (exit 151) at LA 415/Lobdell Hwy interchange and I-10 (exit 153) at LA Hwy 1/Port Allen interchange. The site is level, appears to be well drained, and is located in Flood Zone X. Concrete paved parking is available on the south and west sides of the building, providing 86 parking spaces. A concrete paved 86-foot deep truck court is situated at the rear of the building. The entire property is well-maintained and in good condition. Suites 2 and 6 are unfinished, except for concrete floor slabs, and require buildout for user customization. Suite 5 is climate controlled, has room to expand, and includes one 25-ton Standard traveling bridge crane (15' clear under hook) on a 48' wide by 100' long crane-way. The property size is 44,324 square feet.
Key Highlights
- Outstanding I‑10 visibility with 79,400 +/- VPD.
- Located between two I‑10 interchanges (exits 151 and 153) for great access.
- Suite 5 includes a 25‑ton Standard traveling bridge crane (15' clear under hook) on a 48'W. X 100'L. crane‑way.
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
$358,917
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
7.32%
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%
$7,178,340
$7.2M
Cap Rate 7%
$5,127,386
$5.1M
Cap Rate 9%
$3,987,967
$4.0M
Market Conditions
NOI Build-Up for 44,324 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
$430.8K $9.72/SF
− Vacancy
−$8.6K −$0.19/SF
EGI
$422.3K $9.53/SF
− OpEx
−$63.3K −$1.43/SF
NOI
$358.9K $8.10/SF
Area
West Baton Rouge County, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
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%
$7,178,340
Cap Rate 7%
$5,127,386
Cap Rate 9%
$3,987,967
Alternative Uses
Best Use
Warehouse
$5.13M
$4.49M – $5.98M
NOI $358,917 @ 7.0% cap · market cap 7.32%
Second Best
Industrial
$4.22M
$3.69M – $4.93M
NOI $295,579 @ 7.0% cap · market cap 6.03%
Theoretical Best
Specialty Retail
$10.62M
$9.29M – $12.38M
NOI $743,064 @ 7.0% cap · market cap 15.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70767, LA
15,309
Population
6,817
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
152.6 sq mi
ZIP Area
100
Density / Sq Mi
$71,964
Median Household Income
$45,069
Median Earnings
$934
Median Rent
$197,100
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Located in Westport Industrial Park with I-10 visibility.
Where is this flex space located?
The property is located at 1402 Bridgeview Dr Port Allen, LA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Outstanding I‑10 visibility with 79,400 +/- VPD.; Located between two I‑10 interchanges (exits 151 and 153) for great access.; Suite 5 includes a 25‑ton Standard traveling bridge crane (15' clear under hook) on a 48'W. X 100'L. crane‑way.
