Building Details

Building Size 1,814,400 SF

Year Built 2017

Stories 1

Listed By: Hans Jathanna Show Phone

Source: Jparhouston

Added: Jul 14 Changed: Oct 4 Last Checked: Oct 7 at 9:20AM

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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 Hans Jathanna

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Investment Insights

Based on property information with market context.

This 72,000 SF heavy industrial operations complex is situated on approximately 40 acres and includes executive office space plus heavy-maintenance and warehouse components designed for large-scale equipment and fabrication activity. The office and administrative area totals approximately 20,725 SF and features 30 private offices, conference rooms, training areas, locker rooms with showers, two employee kitchens, and a fireproof records vault. A separate approximately 9,881 SF warehouse supports heavy-duty storage with secure caged areas, 24-foot 7-inch clear height, truck wells, dock-high loading, and grade-level access.

The centerpiece is a 42,000 SF heavy industrial maintenance facility with a 52-foot 7-inch clear height and four bridge cranes, including three 10-ton units and one 20-ton unit. The building also provides ten oversized overhead doors measuring approximately 28 feet 8 inches by 28 feet, supporting heavy equipment movement and maintenance workflows.

The property is built for secure, high-load operations with a fully fenced perimeter, reinforced concrete aprons, and a stabilized SB2 rock yard engineered for heavy equipment traffic. It includes excellent truck circulation, outdoor storage capability, and an integrated on-site water storage and fire suppression system, along with secure industrial yard provisions and secure warehouse caged storage areas.

Key Highlights

• 72,000 SF heavy industrial operations complex on ~40 acres, built in 2017.
• 42,000 SF heavy industrial maintenance building with 52' 7" clear height and four bridge cranes (three 10‑ton, one 20‑ton).
• Warehouse/operations area includes 24' 7" clear height plus dock‑high loading and grade‑level access.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$513,346

Cap Rate

9.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,266,920 $10.3M

Cap Rate 7%

$7,333,514 $7.3M

Cap Rate 9%

$5,703,844 $5.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 72,000 SF

Gross rent

$648.0K $9.00/SF

− Vacancy

−$44.1K −$0.61/SF

EGI

$603.9K $8.39/SF

− OpEx

−$90.6K −$1.26/SF

NOI

$513.3K $7.13/SF

Area

De Soto County, LA

Vacancy

6.80%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$10,266,920

Cap Rate 7%

$7,333,514

Cap Rate 9%

$5,703,844

Alternative Uses

Best Use

Warehouse

$7.33M

$6.42M – $8.56M (±1% cap)

NOI $513,346 @ 7.0% cap · market cap 9.17%

Second Best

Industrial

$6.44M

$5.64M – $7.52M (±1% cap)

NOI $450,939 @ 7.0% cap · market cap 8.05%

Theoretical Best

Office A

$15.20M

$13.30M – $17.73M (±1% cap)

NOI $1,063,757 @ 7.0% cap · market cap 19.00%

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

Property Analytics

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Current Use

Dolet Hills Lignite ... Electric Utility Company Dolet Hills Lignite Corporate Office

Lease Details

52 ft

Clear height

10

Drive-in doors

Yes

Sprinkler system

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 71063, LA

659

Population

373

Households

1.8

Avg Household Size

47

Median Age

10%

College-Educated

81%

High-School Grad

110.0 sq mi

ZIP Area

6

Density / Sq Mi

$41,652

Median Household Income

$40,385

Median Earnings

$73,200

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

Frequently Asked Questions

What type of property is this?

Manufacturing property - 72,000 SF heavy industrial facility on 40 acres with four bridge cranes, secure yard, and dock-high and grade-level access.

Where is this manufacturing property located?

The property is located at 2002 Crow Lane Pelican Pelican, LA.

What is the asking price?

The asking price for this property is $5,600,000.

What are key features of this property?

This property features: 72,000 SF heavy industrial operations complex on ~40 acres, built in 2017.; 42,000 SF heavy industrial maintenance building with 52' 7" clear height and four bridge cranes (three 10‑ton, one 20‑ton).; Warehouse/operations area includes 24' 7" clear height plus dock‑high loading and grade‑level access.