Building Details

Buildings 3

Listing Agency: Lee & Associates Louisiana

Listed By: Evan Scroggs, SIOR, CCIM · License #LA #995712516 Show Phone

Source: Lee-associates

Added: Nov 4 Last Checked: Nov 4 at 3:05PM

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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 Lee & Associates Louisiana

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Investment Insights

Based on property information with market context.

The manufacturing property comprises three buildings totaling approximately 17,852 square feet on approximately 1.317 acres. The main building contains 5,058 square feet, the freezer building 5,182 square feet, and the plant building 7,612 square feet. The layout was configured for shrimp processing, with potential for seafood processing, cold storage, distribution, or other marine-related uses. A complete seafood-processing equipment package is available, including conveyors, sorting and grading systems, processing and wash tanks, inspection stations, and machinery.

Along the Delcambre Canal, the site has approximately 280 feet of bulkhead. The grounds are fully fenced and include multiple entrances and truck access. Neighboring tracts are available under separate ownership.

Key Highlights

• Three buildings total approximately 17,852 square feet on approximately 1.317 acres
• Building areas: 5,058‑square‑foot main building, 5,182‑square‑foot freezer building, and 7,612‑square‑foot plant building
• Approximately 280' of bulkhead along the Delcambre Canal

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,277

Cap Rate

4.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,045,540 $2.0M

Cap Rate 7%

$1,461,100 $1.5M

Cap Rate 9%

$1,136,411 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,852 SF

Gross rent

$126.4K $7.08/SF

− Vacancy

−$6.1K −$0.34/SF

EGI

$120.3K $6.74/SF

− OpEx

−$18.0K −$1.01/SF

NOI

$102.3K $5.73/SF

Area

Vermilion 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%

$2,045,540

Cap Rate 7%

$1,461,100

Cap Rate 9%

$1,136,411

Alternative Uses

Best Use

Warehouse

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,277 @ 7.0% cap · market cap 4.67%

Second Best

Industrial

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,228 @ 7.0% cap · market cap 3.85%

Theoretical Best

Office A

$4.22M

$3.69M – $4.92M (±1% cap)

NOI $295,458 @ 7.0% cap · market cap 13.49%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sea Gold Inc Take-out & Catering

Suggested Use

Top Pick Hair Salon Parking Lot & Garage HVAC Service Dental Office Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

130

Businesses Nearby

Explore this area Business Placement

Demographics for 70528, LA

2,255

Population

1,081

Households

2.1

Avg Household Size

40

Median Age

14%

College-Educated

83%

High-School Grad

16.0 sq mi

ZIP Area

141

Density / Sq Mi

$47,000

Median Household Income

$35,000

Median Earnings

$814

Median Rent

$118,900

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 - Three buildings provide truck access and a canal-side setting for seafood processing and cold-storage operations.

Where is this manufacturing property located?

The property is located at 209 S Richard St Delcambre, LA.

What is the asking price?

The asking price for this property is $2,190,000.

What are key features of this property?

This property features: Three buildings total approximately 17,852 square feet on approximately 1.317 acres; Building areas: 5,058‑square‑foot main building, 5,182‑square‑foot freezer building, and 7,612‑square‑foot plant building; Approximately 280' of bulkhead along the Delcambre Canal