Flex Space with
For Sale
$350,000
16509 Hwy 190, Port Barre, LA 70577
A loft adds storage capacity, while two rear overhead doors provide access to the work area.
Property Size2,400 SF
Price / SF$145.83
Days on Market198
Property Features for 16509 Hwy 190
General Information
Standard status
Active
Size
2,400 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Retail
Amenities
workshop
loft storage
rear overhead doors
Building Details
Buildings
1
Listing Agency:
Real Broker, LLC
(337) 418-9700
Listed By:
Chris Lejeune · License #0995691823
(337) 224-7749
Source:
Exprealty
Added: Apr 17
Changed: Oct 30
Last Checked: Oct 30 at 3:12PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,400-square-foot flex space combines a retail building with a workshop, loft storage, and two overhead doors at the rear. The configuration pairs customer-facing space with a separate work area and elevated storage.
The property is located on Hwy 190 at 16509 Hwy 190 in Port Barre, Louisiana.
The property is located on Hwy 190 at 16509 Hwy 190 in Port Barre, Louisiana.
Key Highlights
- 2,400‑square‑foot flex property
- Retail building with an attached workshop
- Loft storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,692
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,840
$333.8K
Cap Rate 7%
$238,457
$238.5K
Cap Rate 9%
$185,467
$185.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$25.9K $10.80/SF
− Vacancy
−$2.1K −$0.86/SF
EGI
$23.8K $9.94/SF
− OpEx
−$7.2K −$2.98/SF
NOI
$16.7K $6.96/SF
Area
St. Landry County, LA
Vacancy
8.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,840
Cap Rate 7%
$238,457
Cap Rate 9%
$185,467
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70577, LA
4,424
Population
2,042
Households
2.2
Avg Household Size
40
Median Age
8%
College-Educated
88%
High-School Grad
76.1 sq mi
ZIP Area
58
Density / Sq Mi
$46,250
Median Household Income
$31,693
Median Earnings
$693
Median Rent
$98,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A loft adds storage capacity, while two rear overhead doors provide access to the work area.
Where is this flex space located?
The property is located at 16509 Hwy 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: 2,400‑square‑foot flex property; Retail building with an attached workshop; Loft storage
