Retail Building with Rear Overhead
16509 Highway 190 Port Barre, LA 70577
16509 Highway 190, Port Barre, LA, 70577
$350,000
For Sale
$350,000
Versatile retail building includes a workshop, loft storage, and two rear overhead doors for convenient access.
Property Size2,400 SF
Price / SF$145.83
Days on Market93
Property Features for 16509 Highway 190
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing Agency
Real Broker, LLC
(337) 224-7749
Listed by
Chris Lejeune · License #0995691823
(337) 224-7749
Source
Exprealty
Added: Apr 17 Checked: Jul 18 at 3:08 am
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.
This for-sale retail building offers flexible interior space with a workshop area and loft storage. Two rear overhead doors provide practical access for loading, unloading, or back-of-house operations. The overall layout is designed to support a retail use while also accommodating additional light work or storage needs.
The property is located on busy Highway 190 in Port Barre, LA, providing visibility to passing traffic.
As presented, the asset combines customer-facing space with functional back-area improvements, making it a useful option for operators seeking both retail presence and supported utility space within the same building.
The property is located on busy Highway 190 in Port Barre, LA, providing visibility to passing traffic.
As presented, the asset combines customer-facing space with functional back-area improvements, making it a useful option for operators seeking both retail presence and supported utility space within the same building.
Key Highlights
- Commercial property on busy Highway 190 with a retail building and flexible space for multiple business uses
- Includes a workshop plus loft storage for added back‑of‑house or storage functionality
- Two rear overhead doors provide convenient loading and easy access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.9k | $10.80 |
| − Vacancy | −$2.1k | −$0.86 |
| EGI | $23.8k | $9.94 |
| − OpEx | −$7.2k | −$2.98 |
| NOI | $16.7k | $6.96 |
2,400 SF · lease $10.80/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$238.5K
$208.7K – $278.2K
NOI $16,692 @ 7.0% cap · market cap 4.77%
Second Best
Flex RnD
$233.7K
$204.5K – $272.7K
NOI $16,361 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$362.1K
$316.8K – $422.4K
NOI $25,344 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile retail building includes a workshop, loft storage, and two rear overhead doors for convenient access.
Where is this flex space located?
The property is located at 16509 Highway 190 Port Barre, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial property on busy Highway 190 with a retail building and flexible space for multiple business uses; Includes a workshop plus loft storage for added back‑of‑house or storage functionality; Two rear overhead doors provide convenient loading and easy access
