Warehouse with Service
3675 West Park Avenue, Gray, LA 70359
For Sale
Contact for pricing
A separate wash-and-service structure complements the primary facility’s office and warehouse areas.
Property Size13,550 SF
Lot Size2.64 Acres
Price / SF$132.84
Days on Market20
Property Features for 3675 West Park Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Warehouse Space
Office Build-Out
Voltage
Three-Phase Power
Additional Details
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Matthews
Listed By:
Andrew Wiesemann · License TX #782132
(318) 267-1074
Source:
Crexi
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 5:56PM
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 Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2015, this industrial property comprises approximately 13,550 square feet across ±2.64 acres. The main building contains about 9,350 square feet, while a separate wash and service building adds approximately 4,200 square feet. The combined layout includes roughly 3,941 square feet of office space and 9,609 square feet of warehouse and service area, with seven overhead doors and a 16-foot warehouse eave. Power includes 480/277V service in the main facility and three-phase service in the service building.
Nearly 27,000 square feet of 8-inch concrete flatwork, along with additional concrete driveway and parking areas, supports vehicle and equipment circulation. The property fronts West Park Avenue, also designated LA Highway 24, and has access from Technology Lane. Houma, Thibodaux, and the Port of Terrebonne are identified as nearby destinations.
Nearly 27,000 square feet of 8-inch concrete flatwork, along with additional concrete driveway and parking areas, supports vehicle and equipment circulation. The property fronts West Park Avenue, also designated LA Highway 24, and has access from Technology Lane. Houma, Thibodaux, and the Port of Terrebonne are identified as nearby destinations.
Key Highlights
- Approximately 13,550 SF on ±2.64 acres
- Main office/warehouse building of about 9,350 SF and separate wash/service building of approximately 4,200 SF
- Approximately 3,941 SF of office space and 9,609 SF of warehouse/service area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,801
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,020
$2.1M
Cap Rate 7%
$1,511,443
$1.5M
Cap Rate 9%
$1,175,567
$1.2M
Market Conditions
NOI Build-Up for 13,550 SF
Gross rent
$128.5K $9.48/SF
− Vacancy
−$4.0K −$0.29/SF
EGI
$124.5K $9.19/SF
− OpEx
−$18.7K −$1.38/SF
NOI
$105.8K $7.81/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,020
Cap Rate 7%
$1,511,443
Cap Rate 9%
$1,175,567
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,801 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,461 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70359, LA
9,591
Population
3,768
Households
2.5
Avg Household Size
35
Median Age
14%
College-Educated
82%
High-School Grad
14.4 sq mi
ZIP Area
666
Density / Sq Mi
$54,139
Median Household Income
$33,058
Median Earnings
$1,119
Median Rent
$161,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Terrebonne County, LA
Properties on Market for Warehouses in Terrebonne County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - A separate wash-and-service structure complements the primary facility’s office and warehouse areas.
Where is this warehouse located?
The property is located at 3675 West Park Avenue Gray, LA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approximately 13,550 SF on ±2.64 acres; Main office/warehouse building of about 9,350 SF and separate wash/service building of approximately 4,200 SF; Approximately 3,941 SF of office space and 9,609 SF of warehouse/service area
