Metal Flex Space
For Sale
$225,000
30549 Highway 22, Springfield, LA 70462
Metal flex building with open interior layout, bar area, restrooms, storage, and a large gravel parking area.
Property Size2,452 SF
Price / SF$91.76
Days on Market113
Property Features for 30549 Highway 22
General Information
Standard status
Active
Size
2,452 SF
Building Details
Construction
metal
Listing Agency:
DRUDE RENTAL MANAGEMENT
(985) 320-1039
Listed By:
April Carriere
(985) 507-3129
Source:
Exprealty
Added: May 28
Changed: Sep 10
Last Checked: Sep 17 at 12:39AM
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 DRUDE RENTAL MANAGEMENT
Investment Insights
Based on property information with market context.
Metal flex space on a generous lot with an open floor plan and an industrial-style interior design. The building includes a bar area, restrooms, and storage space, along with ample parking. With its flexible layout, the property was previously utilized as an entertainment venue and could support a range of commercial uses such as a bar, restaurant, event venue, retail space, warehouse, or other business operation.
The property is located at 30549 Highway 22 in Springfield, LA, and features easy access. A large gravel parking area supports customer and operational needs for day-to-day use.
The combination of an open interior, dedicated bar and restroom areas, and on-site parking makes the space well suited for an owner-operator or a tenant seeking a versatile commercial footprint under one roof.
The property is located at 30549 Highway 22 in Springfield, LA, and features easy access. A large gravel parking area supports customer and operational needs for day-to-day use.
The combination of an open interior, dedicated bar and restroom areas, and on-site parking makes the space well suited for an owner-operator or a tenant seeking a versatile commercial footprint under one roof.
Key Highlights
- 2452 SF metal flex building with open floor plan
- Includes bar area, restrooms, and storage space
- Large gravel parking area for vehicles
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
$19,855
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%
$397,100
$397.1K
Cap Rate 7%
$283,643
$283.6K
Cap Rate 9%
$220,611
$220.6K
Market Conditions
NOI Build-Up for 2,452 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
$23.8K $9.72/SF
− Vacancy
−$474 −$0.19/SF
EGI
$23.4K $9.53/SF
− OpEx
−$3.5K −$1.43/SF
NOI
$19.9K $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%
$397,100
Cap Rate 7%
$283,643
Cap Rate 9%
$220,611
Alternative Uses
Best Use
Warehouse
$283.6K
$248.2K – $330.9K
NOI $19,855 @ 7.0% cap · market cap 8.82%
Second Best
Industrial
$233.6K
$204.4K – $272.5K
NOI $16,351 @ 7.0% cap · market cap 7.27%
Theoretical Best
Specialty Retail
$587.2K
$513.8K – $685.1K
NOI $41,106 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70462, LA
5,490
Population
3,042
Households
1.8
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
79.6 sq mi
ZIP Area
69
Density / Sq Mi
$62,520
Median Household Income
$32,195
Median Earnings
$1,393
Median Rent
$238,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal flex building with open interior layout, bar area, restrooms, storage, and a large gravel parking area.
Where is this flex space located?
The property is located at 30549 Highway 22 Springfield, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2452 SF metal flex building with open floor plan; Includes bar area, restrooms, and storage space; Large gravel parking area for vehicles
