Industrial
For Sale
Contact for pricing
400 N WASHINGTON AVE, Mansfield, LA 71052
Industrial property with a substantial existing commercial footprint.
Property Size16,841 SF
Price / SF$74.22
Days on Market120
Property Features for 400 N WASHINGTON AVE
General Information
Standard status
Active
Size
16,841 SF
Property subtype
Retail, Industrial, Business for Sale
Building Details
Units
1
Building Size
16,841 SF
Listing Agency:
Expansion Realty Partners
(512) 484-3002
Listed By:
Andy Kutach · License #TX 688162
Source:
Crexi
Added: May 4
Changed: Aug 29
Last Checked: Aug 31 at 6:45AM
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 Expansion Realty Partners
Investment Insights
Based on property information with market context.
This industrial property comprises 16,841 square feet of commercial space. The property is located at 400 N Washington Ave in Mansfield, Louisiana, and is offered for sale.
Key Highlights
- 16,841 square feet of commercial space
- Located at 400 N Washington Ave, Mansfield, LA
- Offered for sale
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
$105,476
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
8.44%
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%
$2,109,520
$2.1M
Cap Rate 7%
$1,506,800
$1.5M
Cap Rate 9%
$1,171,956
$1.2M
Market Conditions
NOI Build-Up for 16,841 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
$161.7K $9.60/SF
− Vacancy
−$11.0K −$0.65/SF
EGI
$150.7K $8.95/SF
− OpEx
−$45.2K −$2.68/SF
NOI
$105.5K $6.26/SF
Area
De Soto County, LA
Vacancy
6.80%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,109,520
Cap Rate 7%
$1,506,800
Cap Rate 9%
$1,171,956
Alternative Uses
Best Use
Retail
$2.38M
$2.09M – $2.78M
NOI $166,928 @ 7.0% cap · market cap 13.35%
Second Best
Industrial
$1.51M
$1.32M – $1.76M
NOI $105,476 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$3.55M
$3.11M – $4.15M
NOI $248,816 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 71052, LA
9,409
Population
4,579
Households
2.1
Avg Household Size
41
Median Age
6%
College-Educated
78%
High-School Grad
319.9 sq mi
ZIP Area
29
Density / Sq Mi
$34,661
Median Household Income
$26,207
Median Earnings
$694
Median Rent
$92,500
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?
Industrial property - Industrial property with a substantial existing commercial footprint.
Where is this industrial property located?
The property is located at 400 N WASHINGTON AVE Mansfield, LA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 16,841 square feet of commercial space; Located at 400 N Washington Ave, Mansfield, LA; Offered for sale
