Industrial Complex on 40
2002 Crow Lane Pelican, LA 71063
2002 Crow Lane, Pelican, LA, 71063
$7,200,000
For Sale
$7,200,000
72,000 SF industrial complex on 40 acres for sale.
Property Size72,000 SF
Lot Size40.00 Acres
Price / SF$100
Days on Market138
Property Features for 2002 Crow Lane
General Information
- Standard status
- Active
- Size
- 72,000 SF
- Lot size
- 40.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2017
Listing agency
MLM Real Estate
(318) 861-2461
Listed by
Sean Peterson
(318) 861-2461
Source
Cbcworldwide
Added: Mar 5 Updated: Jul 10 at 3:46PM Checked: Jul 21 at 3:35AM
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 MLM Real Estate
Investment Insights
Based on property information with market context.
This 72,000-square-foot industrial complex is situated on a 40-acre site. It was purpose-built to support large-scale mining and energy operations. The property features a 20,725 SF office headquarters with private offices, conference rooms, training areas, kitchens, and locker-equipped restrooms. A 9,881 SF warehouse includes secure storage, heavy-duty racking, and multiple loading options. The property also features a 42,000 SF maintenance shop with 52-foot ceilings, 10 oversized doors, and four bridge cranes for heavy equipment handling. The site is fully fenced with a barbed-wire perimeter and includes reinforced concrete aprons and stabilized yard areas engineered for heavy vehicles, making it suitable for demanding industrial operations.
Key Highlights
- 72,000 SF industrial complex on 40 acres, purpose‑built for large‑scale operations
- 42,000 SF maintenance shop with 52‑foot ceilings, 10 oversized doors, and four bridge cranes
- 20,725 SF office headquarters with private offices, conference rooms, and training areas
Local Financial Insights For Warehouse
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 | $648.0k | $9.00 |
| − Vacancy | −$44.1k | −$0.61 |
| EGI | $603.9k | $8.39 |
| − OpEx | −$90.6k | −$1.26 |
| NOI | $513.3k | $7.13 |
72,000 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$7.33M
$6.42M – $8.56M
NOI $513,346 @ 7.0% cap · market cap 7.13%
Second Best
Industrial
$6.44M
$5.64M – $7.52M
NOI $450,939 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$15.20M
$13.30M – $17.73M
NOI $1,063,757 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dolet Hills Lignite ...
Electric Utility Company
Dolet Hills Lignite
Corporate Office
FAQs
What type of property is this?
Manufacturing property - 72,000 SF industrial complex on 40 acres for sale.
Where is this manufacturing property located?
The property is located at 2002 Crow Lane Pelican, LA.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: 72,000 SF industrial complex on 40 acres, purpose‑built for large‑scale operations; **42,000 SF maintenance shop with 52‑foot ceilings, 10 oversized doors, and four bridge cranes**; 20,725 SF office headquarters with private offices, conference rooms, and training areas
