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 Market91
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 Baton Rouge
(501) 513-7394
Listed By:
Mark Johns · License #995714093
(501) 513-7394
Source:
Elifinrealty
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 31 at 2:11PM
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 Baton Rouge
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 = 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
$13,750
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
3.44%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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
