Fenced-Yard Industrial
For Sale
$400,000
201 Lexington Dr, Rayne, LA 70578
Recently built warehouse with multiple roll-up doors, a secured yard, and gravel laydown space.
Property Size2,400 SF
Days on Market137
Property Features for 201 Lexington Dr
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial
Building Details
Building Size
2,400 SF
Listing Agency:
Elifin Realty
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Jun 2
Changed: Oct 1
Last Checked: Oct 14 at 8:32PM
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 Elifin Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial warehouse at 201 Lexington Dr, Rayne, Louisiana, provides approximately 2,400 SF of building area on about 1.43 acres. The property includes a 15' x 40' overhang, four roll-up doors, and a fenced outdoor area suited to equipment, materials, or vehicle staging. Nearly the entire yard is gravel, creating a substantial laydown surface for industrial operations.
Constructed approximately two years ago, the property also includes a sewer system installed two years ago. Its position offers visibility from I-10, while the combination of enclosed warehouse space and secured outdoor storage supports a range of warehouse and industrial uses. The property is offered for sale or lease.
Constructed approximately two years ago, the property also includes a sewer system installed two years ago. Its position offers visibility from I-10, while the combination of enclosed warehouse space and secured outdoor storage supports a range of warehouse and industrial uses. The property is offered for sale or lease.
Key Highlights
- Approximately ±2,400 SF industrial warehouse on ±1.43 acres
- 15' x 40' overhang expands covered exterior utility
- Four roll‑up doors support warehouse access and movement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,750
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,000
$275.0K
Cap Rate 7%
$196,429
$196.4K
Cap Rate 9%
$152,778
$152.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$17.0K $7.08/SF
− Vacancy
−$816 −$0.34/SF
EGI
$16.2K $6.74/SF
− OpEx
−$2.4K −$1.01/SF
NOI
$13.7K $5.73/SF
Area
Acadia County, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,000
Cap Rate 7%
$196,429
Cap Rate 9%
$152,778
Alternative Uses
Best Use
Warehouse
$196.4K
$171.9K – $229.2K
NOI $13,750 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$567.4K
$496.5K – $662.0K
NOI $39,721 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70578, LA
16,201
Population
6,563
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
85%
High-School Grad
114.9 sq mi
ZIP Area
141
Density / Sq Mi
$52,531
Median Household Income
$39,473
Median Earnings
$845
Median Rent
$153,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Recently built warehouse with multiple roll-up doors, a secured yard, and gravel laydown space.
Where is this warehouse located?
The property is located at 201 Lexington Dr Rayne, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately ±2,400 SF industrial warehouse on ±1.43 acres; 15' x 40' overhang expands covered exterior utility; Four roll‑up doors support warehouse access and movement
