Versatile Flex and Warehouse
For Sale
$285,000
1985 W Main St, Schriever, LA 70395
Versatile warehouse and flex setup with large roll-up doors, dedicated office with private room and full bathroom, and insulated interior.
Property Size3,977 SF
Price / SF$71.66
Days on Market132
Property Features for 1985 W Main St
General Information
Standard status
Active
Size
3,977 SF
Taxes and HOA fees
Annual Taxes
$1,140
Listing Agency:
1 Percent Lists United
(985) 227-9523
Listed By:
Belle Istre
(985) 414-4036
Source:
Exprealty
Added: Apr 27
Changed: Sep 2
Last Checked: Sep 5 at 11:54AM
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 1 Percent Lists United
Investment Insights
Based on property information with market context.
This versatile flex and warehouse facility is built for practical day-to-day operations, featuring large roll-up doors for vehicle or equipment access. The property also includes dedicated office space with a private room and a full bathroom. The building is fully insulated and has AC and heat throughout to support year-round comfort.
The property is located on high-traffic Highway 24 at the corner of the Water Plant Bridge, providing visibility and straightforward access from the main roadway.
As a flex-style layout, the combination of warehouse access and on-site office/bathroom supports businesses that need both storage and administrative space in the same facility.
The property is located on high-traffic Highway 24 at the corner of the Water Plant Bridge, providing visibility and straightforward access from the main roadway.
As a flex-style layout, the combination of warehouse access and on-site office/bathroom supports businesses that need both storage and administrative space in the same facility.
Key Highlights
- Located on Highway 24 at the corner of the Water Plant Bridge
- Large roll‑up doors provide vehicle or equipment access
- Dedicated office space includes a private room and a full bathroom
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
$25,573
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
8.97%
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%
$511,460
$511.5K
Cap Rate 7%
$365,329
$365.3K
Cap Rate 9%
$284,144
$284.1K
Market Conditions
NOI Build-Up for 3,977 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
$37.7K $9.48/SF
− Vacancy
−$1.2K −$0.29/SF
EGI
$36.5K $9.19/SF
− OpEx
−$11.0K −$2.76/SF
NOI
$25.6K $6.43/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$511,460
Cap Rate 7%
$365,329
Cap Rate 9%
$284,144
Alternative Uses
Best Use
Flex RnD
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 12.80%
Second Best
Warehouse
$443.6K
$388.2K – $517.6K
NOI $31,053 @ 7.0% cap · market cap 10.90%
Theoretical Best
Office A
$1.10M
$959.3K – $1.28M
NOI $76,740 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70395, LA
4,843
Population
1,985
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
92%
High-School Grad
48.9 sq mi
ZIP Area
99
Density / Sq Mi
$77,043
Median Household Income
$42,243
Median Earnings
$895
Median Rent
$201,200
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 - Versatile warehouse and flex setup with large roll-up doors, dedicated office with private room and full bathroom, and insulated interior.
Where is this flex space located?
The property is located at 1985 W Main St Schriever, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Located on Highway 24 at the corner of the Water Plant Bridge; Large roll‑up doors provide vehicle or equipment access; Dedicated office space includes a private room and a full bathroom
