Industrial Flex Space with
For Sale
$340,000
30035 Industrial Dr, Walker, LA 70785
Configured with warehouse improvements, office space, climate control, kitchen facilities, and commercial-grade electrical service.
Property Size3,604 SF
Price / SF$94.34
Days on Market19
Property Features for 30035 Industrial Dr
General Information
Standard status
Active
Size
3,604 SF
Warehouse & Industrial
Warehouse Space
5,000 SF
Office Build-Out
900 SF
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Furnished
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$250
Listing Agency:
Covington & Associates Real Estate, LLC
(225) 362-0292
Listed By:
Lindsey Noto · License #0995688147
(225) 362-0292
Source:
Exprealty
Added: Aug 3
Changed: Aug 20
Last Checked: Aug 21 at 11:02AM
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 Covington & Associates Real Estate, LLC
Investment Insights
Based on property information with market context.
This 3604-square-foot flex space combines an industrial warehouse with a climate-controlled office component. The property includes two 12' x 12' roll-up doors, LED lighting, two 1.5-ton overhead swing cranes, 3-phase power, and 240V electrical service. The office area has a brick-front entry, a separate office, a full kitchen with new flooring, and two bathrooms, including one full bathroom with a shower.
Located at 30035 Industrial Dr in Walker, Louisiana, the property also includes kitchen appliances and select office furniture that can remain. The combination of warehouse infrastructure and finished administrative space supports a range of industrial or commercial operations.
Located at 30035 Industrial Dr in Walker, Louisiana, the property also includes kitchen appliances and select office furniture that can remain. The combination of warehouse infrastructure and finished administrative space supports a range of industrial or commercial operations.
Key Highlights
- 3604‑square‑foot flex space at 30035 Industrial Dr, Walker, LA 70785
- Two 12' x 12' roll‑up doors and LED warehouse lighting
- Two 1.5‑ton overhead swing cranes
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
$29,184
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
8.58%
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%
$583,680
$583.7K
Cap Rate 7%
$416,914
$416.9K
Cap Rate 9%
$324,267
$324.3K
Market Conditions
NOI Build-Up for 3,604 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
$35.0K $9.72/SF
− Vacancy
−$697 −$0.19/SF
EGI
$34.3K $9.53/SF
− OpEx
−$5.2K −$1.43/SF
NOI
$29.2K $8.10/SF
Area
Livingston County, LA
Vacancy
1.99%
Lease Rate
$9.72 /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%
$583,680
Cap Rate 7%
$416,914
Cap Rate 9%
$324,267
Alternative Uses
Best Use
Office B
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 10.14%
Second Best
Warehouse
$416.9K
$364.8K – $486.4K
NOI $29,184 @ 7.0% cap · market cap 8.58%
Theoretical Best
Specialty Retail
$863.1K
$755.2K – $1.01M
NOI $60,419 @ 7.0% cap · market cap 17.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70785, LA
22,569
Population
8,555
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
93.3 sq mi
ZIP Area
242
Density / Sq Mi
$84,551
Median Household Income
$52,025
Median Earnings
$1,059
Median Rent
$235,100
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 - Configured with warehouse improvements, office space, climate control, kitchen facilities, and commercial-grade electrical service.
Where is this flex space located?
The property is located at 30035 Industrial Dr Walker, LA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 3604‑square‑foot flex space at 30035 Industrial Dr, Walker, LA 70785; Two 12' x 12' roll‑up doors and LED warehouse lighting; Two 1.5‑ton overhead swing cranes
