Flex Building With Warehouse
For Sale
$285,000
3442 Mary Dr, New Roads, LA 70760
C-3-zoned commercial building combines office, retail, service, and industrial-use potential.
Property Size3,600 SF
Price / SF$79.17
Days on Market100
Property Features for 3442 Mary Dr
General Information
Standard status
Active
Size
3,600 SF
Zoning
commercial
Warehouse & Industrial
Warehouse Space
2,400 SF
Office Build-Out
1,200 SF
Drive-In Doors
4
Additional Details
Road Access
Yes
Amenities
garage bays
reception area
restrooms
Building Details
Buildings
1
Building Size
3,600 SF
Construction
metal
Listing Agency:
Pennant Real Estate
Listed By:
Philip Cazayoux · License #0995694542
(225) 718-0971
Source:
Smithsquared
Added: Jul 10
Changed: Oct 2
Last Checked: Oct 7 at 1:59PM
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 Pennant Real Estate
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Investment Insights
Based on property information with market context.
Built in 2006, this metal flex building contains 3,600 square feet of usable space arranged with approximately 1,200 square feet of office area and 2,400 square feet of warehouse space. The layout includes a front reception area with a large counter, two restrooms, and four garage bays fitted with roll-up doors for direct warehouse access.
The property is located at 3442 Mary Drive in New Roads, just off Hospital Road. C-3 zoning supports a range of commercial applications, including retail, service, and industrial uses. A floor plan sketch is included with the listing materials to illustrate the interior arrangement.
The property is located at 3442 Mary Drive in New Roads, just off Hospital Road. C-3 zoning supports a range of commercial applications, including retail, service, and industrial uses. A floor plan sketch is included with the listing materials to illustrate the interior arrangement.
Key Highlights
- 3,600 square feet of usable commercial space
- Approximately 1,200 square feet of office area and 2,400 square feet of warehouse space
- Four garage bays with roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,007
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,140
$480.1K
Cap Rate 7%
$342,957
$343.0K
Cap Rate 9%
$266,744
$266.7K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$35.0K $9.72/SF
− Vacancy
−$696 −$0.19/SF
EGI
$34.3K $9.53/SF
− OpEx
−$10.3K −$2.86/SF
NOI
$24.0K $6.67/SF
Area
Pointe Coupee County, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,140
Cap Rate 7%
$342,957
Cap Rate 9%
$266,744
Alternative Uses
Best Use
Office B
$491.9K
$430.4K – $573.9K
NOI $34,433 @ 7.0% cap · market cap 12.08%
Second Best
Warehouse
$416.4K
$364.4K – $485.9K
NOI $29,151 @ 7.0% cap · market cap 10.23%
Theoretical Best
Specialty Retail
$862.2K
$754.4K – $1.01M
NOI $60,352 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70760, LA
6,509
Population
3,383
Households
1.9
Avg Household Size
41
Median Age
12%
College-Educated
84%
High-School Grad
49.7 sq mi
ZIP Area
131
Density / Sq Mi
$48,050
Median Household Income
$40,827
Median Earnings
$807
Median Rent
$137,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - C-3-zoned commercial building combines office, retail, service, and industrial-use potential.
Where is this flex space located?
The property is located at 3442 Mary Dr New Roads, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 3,600 square feet of usable commercial space; Approximately 1,200 square feet of office area and 2,400 square feet of warehouse space; Four garage bays with roll‑up doors
