Building Details

Buildings 1

Listing Agency: The Realty Group of South Loui

Listed By: Debbie Terry · License #995699581 Show Phone

Source: Smithsquared

Added: Sep 4 Changed: Oct 1 Last Checked: Oct 7 at 5:34PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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 / Yr

$28,164

Cap Rate

5.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$563,280 $563.3K

Cap Rate 7%

$402,343 $402.3K

Cap Rate 9%

$312,933 $312.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,607 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $69,601 @ 7.0% cap · market cap 12.65%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Storage Facility Travel Agency Hotel & Motel

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

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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