Building Details

Year built 2021

Building materials Aluminum

Roof type Metal

Listing Agency: Clearview Realty

Listed By: Sandi Suire · License #0781994 Show Phone

Added: Jan 3 Changed: Sep 4 Last Checked: Oct 7 at 7:06PM

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MLS# 11624332

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex property occupies 5.65 acres outside city limits and includes a 30x40 metal shop completed in 2021 on a concrete foundation. The building has one roll-up bay door and one walk-through door, with an attached 30x40 metal shed cover for additional covered workspace or storage. An 8x12 portable building provides dedicated office space.

The site is wide open, with driveway access and room for parking, equipment maneuvering, fleet vehicles, or material storage. Public water and a septic tank serve the property. The address is 2834 Hwy 513 in Mansfield, Louisiana, within De Soto Parish.

Key Highlights

• 5.65 unrestricted acres outside city limits
• 30x40 metal shop built in 2021 on a concrete foundation
• Attached 30x40 metal shed cover

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,919

Cap Rate

3.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$158,380 $158.4K

Cap Rate 7%

$113,129 $113.1K

Cap Rate 9%

$87,989 $88.0K

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$13.0K $10.80/SF

− Vacancy

−$778 −$0.65/SF

EGI

$12.2K $10.15/SF

− OpEx

−$4.3K −$3.55/SF

NOI

$7.9K $6.60/SF

Area

De Soto County, LA

Vacancy

6.00%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$158,380

Cap Rate 7%

$113,129

Cap Rate 9%

$87,989

Alternative Uses

Best Use

Flex RnD

$113.1K

$99.0K – $132.0K (±1% cap)

NOI $7,919 @ 7.0% cap · market cap 3.85%

Second Best

Industrial

$107.4K

$94.0K – $125.3K (±1% cap)

NOI $7,516 @ 7.0% cap · market cap 3.66%

Theoretical Best

Office A

$253.3K

$221.6K – $295.5K (±1% cap)

NOI $17,729 @ 7.0% cap · market cap 8.63%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Hair Salon

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

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 71052, LA

9,409

Population

4,579

Households

2.1

Avg Household Size

41

Median Age

6%

College-Educated

78%

High-School Grad

319.9 sq mi

ZIP Area

29

Density / Sq Mi

$34,661

Median Household Income

$26,207

Median Earnings

$694

Median Rent

$92,500

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Unrestricted acreage outside city limits includes a newer shop, covered work area, and portable office.

Where is this flex space located?

The property is located at 2834 Hwy 513 Mansfield, LA.

What is the asking price?

The asking price for this property is $205,500.

What are key features of this property?

This property features: 5.65 unrestricted acres outside city limits; 30x40 metal shop built in 2021 on a concrete foundation; Attached 30x40 metal shed cover