Bayou-Front Warehouse
New
For Sale
$550,000
1905 Bayou Dularge Rd, Theriot, LA 70397
Warehouse property with bayou frontage and an adjoining parcel included in the sale.
Property Size3,607 SF
Price / SF$152.48
Days on Market3
Property Features for 1905 Bayou Dularge Rd
General Information
Standard status
Active
Size
3,607 SF
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
The Realty Group of South Loui
Listed By:
Debbie Terry · License #995699581
(985) 856-1534
Source:
Smithsquared
Added: Sep 4
Last Checked: Sep 5 at 11:06AM
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 The Realty Group of South Loui
Investment Insights
Based on property information with market context.
The offering includes a 3,607-square-foot warehouse building together with the adjacent Bayouside property on Bayou Dularge. The site has frontage along the bayou and occupies the corner of Falgout Canal Road and Bayou Dularge Road.
The property is within the Morganza Levee System, and the building has never flooded. The address is 1905 Bayou Dularge Rd in Theriot, Louisiana.
The property is within the Morganza Levee System, and the building has never flooded. The address is 1905 Bayou Dularge Rd in Theriot, Louisiana.
Key Highlights
- 3,607‑square‑foot warehouse building
- Bayou frontage on Bayou Dularge
- Adjacent Bayouside property included in the sale
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
$28,164
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
5.12%
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%
$563,280
$563.3K
Cap Rate 7%
$402,343
$402.3K
Cap Rate 9%
$312,933
$312.9K
Market Conditions
NOI Build-Up for 3,607 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
$34.2K $9.48/SF
− Vacancy
−$1.1K −$0.29/SF
EGI
$33.1K $9.19/SF
− OpEx
−$5.0K −$1.38/SF
NOI
$28.2K $7.81/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /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%
$563,280
Cap Rate 7%
$402,343
Cap Rate 9%
$312,933
Alternative Uses
Best Use
Warehouse
$402.3K
$352.1K – $469.4K
NOI $28,164 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.3K
$870.0K – $1.16M
NOI $69,601 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70397, LA
1,240
Population
535
Households
2.3
Avg Household Size
42
Median Age
11%
College-Educated
88%
High-School Grad
70.8 sq mi
ZIP Area
18
Density / Sq Mi
$112,411
Median Household Income
$39,722
Median Earnings
$161,100
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.
Similar Off Market Nearby
- Dry Boat Storage — 1925 Bayou Dularge Rd, Theriot, LA 70397
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with bayou frontage and an adjoining parcel included in the sale.
Where is this warehouse located?
The property is located at 1905 Bayou Dularge Rd Theriot, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,607‑square‑foot warehouse building; Bayou frontage on Bayou Dularge; Adjacent Bayouside property included in the sale
