Flex Office and Warehouse
For Sale
$450,000
3020 3024 Old Marksville Hwy, Pineville, LA 71360
Two on-site office buildings include warehouse space with roll-up doors, plus parking suitable for light industrial use.
Property Size4,705 SF
Lot Size2.16 Acres
Price / SF$95.64
Days on Market410
Property Features for 3020 3024 Old Marksville Hwy
General Information
Standard status
Active
Size
4,705 SF
Lot size
2.16 Acres
Property subtype
General Commercial
Amenities
conference room
half baths
3
COM
Parking.
Off Street.
2.16
Building Details
Year Built
1999
Listing Agency:
STEVEN SEALE PROPERTIES, LLC
(318) 445-3359
Listed By:
Steven Seale · License #0912124868
(318) 715-3333
Source:
Xome
Added: Jul 25, 2025
Changed: Sep 1
Last Checked: Sep 7 at 4:48AM
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 STEVEN SEALE PROPERTIES, LLC
Investment Insights
Based on property information with market context.
This property consists of two office buildings on a 2.16-acre lot, offering a combined office-and-warehouse configuration. One building includes office space and warehouse space with three bay doors, including two 10-foot roll-ups and one 12-foot roll-up door. The building also provides parking on-site, which may support service-oriented uses.
The second building is all brick, and the seller is installing a new roof and new HVAC, with plans to paint the exterior of both buildings. Office space in this second building includes several options for individual offices, along with a conference room and three half baths.
As presented, the combination of office amenities and roll-up warehouse access provides flexibility for businesses that need both work space and dedicated office space within the same secured property.
The second building is all brick, and the seller is installing a new roof and new HVAC, with plans to paint the exterior of both buildings. Office space in this second building includes several options for individual offices, along with a conference room and three half baths.
As presented, the combination of office amenities and roll-up warehouse access provides flexibility for businesses that need both work space and dedicated office space within the same secured property.
Key Highlights
- 2.16‑acre commercial property zoned COM with off‑street parking
- Two office buildings on‑site, including a building with 800+ SF office and 1600+ SF warehouse space
- Warehouse space features 3 bay doors: two 10‑ft roll ups and one 12‑ft roll up
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
$29,851
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
6.63%
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%
$597,020
$597.0K
Cap Rate 7%
$426,443
$426.4K
Cap Rate 9%
$331,678
$331.7K
Market Conditions
NOI Build-Up for 4,705 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
$46.9K $9.96/SF
− Vacancy
−$937 −$0.20/SF
EGI
$45.9K $9.76/SF
− OpEx
−$16.1K −$3.42/SF
NOI
$29.9K $6.34/SF
Area
Rapides County, LA
Vacancy
2.00%
Lease Rate
$9.96 /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%
$597,020
Cap Rate 7%
$426,443
Cap Rate 9%
$331,678
Alternative Uses
Best Use
Office B
$943.7K
$825.7K – $1.10M
NOI $66,058 @ 7.0% cap · market cap 14.68%
Second Best
Flex RnD
$426.4K
$373.1K – $497.5K
NOI $29,851 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,788 @ 7.0% cap · market cap 20.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71360, LA
36,026
Population
15,970
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
90%
High-School Grad
193.1 sq mi
ZIP Area
187
Density / Sq Mi
$59,592
Median Household Income
$41,561
Median Earnings
$924
Median Rent
$196,300
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 - Two on-site office buildings include warehouse space with roll-up doors, plus parking suitable for light industrial use.
Where is this flex space located?
The property is located at 3020 3024 Old Marksville Hwy Pineville, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2.16‑acre commercial property zoned COM with off‑street parking; Two office buildings on‑site, including a building with 800+ SF office and 1600+ SF warehouse space; Warehouse space features 3 bay doors: two 10‑ft roll ups and one 12‑ft roll up
