Gated Flex Space
For Sale
Contact for pricing
Pending
29080 & 29092 Krentel Rd, Lacombe, LA 70445
Three-building commercial compound combines executive offices, warehouse operations, and a self-contained mechanic’s shop behind gated access.
Property Size46,459 SF
Days on Market426
Property Features for 29080 & 29092 Krentel Rd
General Information
Standard status
Pending
Size
46,459 SF
Class
A
Property subtype
Office, Industrial
Zoning
HC3 Highway Commercial
Occupancy
100%
Lease Type
NNN
Warehouse & Industrial
Clear Span
Yes
Office Build-Out
2,504 SF
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Amenities
secure gated access
event/ballroom space
full kitchen
outdoor patio space
keypad entry
gated parking
Building Details
Buildings
3
Stories
1
Tenancy
Single
Listing Agency:
Stirling
(541) 322-8880
Listed By:
Daniel Cook · License #995713150
Source:
Crexi
Added: Jul 3, 2025
Changed: Aug 31
Last Checked: Sep 1 at 5:20AM
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 Stirling
Investment Insights
Based on property information with market context.
This gated flex-space compound contains three buildings totaling 46,459 SF and supports a combination of office, warehouse, and service functions. The 19,194 SF office building includes multiple office wings, open group rooms, an event or ballroom area, a full kitchen, restrooms, outdoor patio space, keypad entry, and gated parking. Floor-to-ceiling glass provides natural light throughout the office environment.
A connected 20,161 SF clear-span warehouse offers multiple overhead doors, select climate-controlled areas, and an integrated 2,504 SF office for warehouse or logistics personnel. The separate 4,600 SF rear warehouse currently functions as a mechanic’s shop and includes private offices, a workshop, and restrooms. The buildings can operate as one campus or be configured for independent users with shared parking or physical separation. The property is zoned HC3 Highway Commercial and is located at 29080 & 29092 Krentel Rd, Lacombe, LA 70445.
A connected 20,161 SF clear-span warehouse offers multiple overhead doors, select climate-controlled areas, and an integrated 2,504 SF office for warehouse or logistics personnel. The separate 4,600 SF rear warehouse currently functions as a mechanic’s shop and includes private offices, a workshop, and restrooms. The buildings can operate as one campus or be configured for independent users with shared parking or physical separation. The property is zoned HC3 Highway Commercial and is located at 29080 & 29092 Krentel Rd, Lacombe, LA 70445.
Key Highlights
- 46,459 SF across three buildings
- 19,194 SF finished office building with multiple office wings, group rooms, kitchen, and ballroom space
- 20,161 SF clear‑span warehouse with multiple overhead doors
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
$438,933
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
8.82%
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%
$8,778,660
$8.8M
Cap Rate 7%
$6,270,471
$6.3M
Cap Rate 9%
$4,877,033
$4.9M
Market Conditions
NOI Build-Up for 46,459 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
$696.9K $15.00/SF
− Vacancy
−$21.6K −$0.47/SF
EGI
$675.3K $14.54/SF
− OpEx
−$236.3K −$5.09/SF
NOI
$438.9K $9.45/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$8,778,660
Cap Rate 7%
$6,270,471
Cap Rate 9%
$4,877,033
Alternative Uses
Best Use
Office B
$7.53M
$6.59M – $8.79M
NOI $527,182 @ 7.0% cap · market cap 10.60%
Second Best
Retail
$6.66M
$5.82M – $7.76M
NOI $465,868 @ 7.0% cap · market cap 9.36%
Theoretical Best
Multifamily LT 5
$500.83M
$438.23M – $584.31M
NOI $35,058,334 @ 7.0% cap · market cap 704.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70445, LA
10,866
Population
4,323
Households
2.5
Avg Household Size
46
Median Age
28%
College-Educated
93%
High-School Grad
108.3 sq mi
ZIP Area
100
Density / Sq Mi
$75,233
Median Household Income
$42,178
Median Earnings
$1,089
Median Rent
$220,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three-building commercial compound combines executive offices, warehouse operations, and a self-contained mechanic’s shop behind gated access.
Where is this flex space located?
The property is located at 29080 & 29092 Krentel Rd Lacombe, LA.
What is the asking price?
The asking price for this property is $4,975,000.
What are key features of this property?
This property features: 46,459 SF across three buildings; 19,194 SF finished office building with multiple office wings, group rooms, kitchen, and ballroom space; 20,161 SF clear‑span warehouse with multiple overhead doors
