Waterfront Industrial Facility For
For Sale
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2914 Lake Palourde Rd, Morgan City, LA 70380
Waterfront industrial facility with warehouse and waterway access.
Property Size7,600 SF
Lot Size5.18 Acres
Price / SF$69.08
Days on Market809
Property Features for 2914 Lake Palourde Rd
General Information
Standard status
Active
Size
7,600 SF
Lot size
5.18 Acres
Property subtype
Industrial
Building Details
Buildings
2
Listing Agency:
CBRE New Orleans
(504) 733-4555
Listed By:
Bryce French · License #LA 0995690959
Source:
Crexi
Added: May 23, 2024
Changed: Aug 8
Last Checked: Jul 15 at 11:15AM
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 CBRE New Orleans
Investment Insights
Based on property information with market context.
The property is a waterfront industrial facility located at 2914 – 2916 Lake Palourde Rd. Morgan City, LA 70380. Situated on 5.18 acres, the site includes 4,536 square feet of warehouse improvements. It features 506 linear feet of water frontage, with 182 linear feet improved by a bulkhead. The property is located on the Avoca Island Cutoff waterway, providing access to the Intracoastal Waterway and the open waters of the Gulf of Mexico. The waterway has an overhead restriction of 54 ft.
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
$45,755
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
8.72%
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%
$915,100
$915.1K
Cap Rate 7%
$653,643
$653.6K
Cap Rate 9%
$508,389
$508.4K
Market Conditions
NOI Build-Up for 7,600 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
$56.5K $7.44/SF
− Vacancy
−$2.7K −$0.36/SF
EGI
$53.8K $7.08/SF
− OpEx
−$8.1K −$1.06/SF
NOI
$45.8K $6.02/SF
Area
St. Mary County, LA
Vacancy
4.80%
Lease Rate
$7.44 /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%
$915,100
Cap Rate 7%
$653,643
Cap Rate 9%
$508,389
Alternative Uses
Best Use
Warehouse
$653.6K
$571.9K – $762.6K
NOI $45,755 @ 7.0% cap · market cap 8.72%
Second Best
Industrial
$501.5K
$438.8K – $585.0K
NOI $35,102 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,770 @ 7.0% cap · market cap 17.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70380, LA
21,079
Population
9,739
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
77%
High-School Grad
77.7 sq mi
ZIP Area
271
Density / Sq Mi
$54,504
Median Household Income
$40,731
Median Earnings
$876
Median Rent
$138,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- L D Marine LLC — 1224 Lake Palourde Rd, Morgan City, LA 70380
Frequently Asked Questions
What type of property is this?
Warehouse - Waterfront industrial facility with warehouse and waterway access.
Where is this warehouse located?
The property is located at 2914 Lake Palourde Rd Morgan City, LA.
What is the asking price?
The asking price for this property is $525,000.
