Building Details

Units 1

Building Size 16,841 SF

Listing Agency: Expansion Realty Partners

Listed By: Andy Kutach · License #TX 688162 Show Phone

Source: Crexi

Added: May 4 Changed: Oct 9 Last Checked: Oct 16 at 8:46AM

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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

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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 / Yr

$105,476

Cap Rate

8.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,109,520 $2.1M

Cap Rate 7%

$1,506,800 $1.5M

Cap Rate 9%

$1,171,956 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,841 SF

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 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 (±1% cap)

NOI $166,928 @ 7.0% cap · market cap 13.35%

Second Best

Industrial

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,476 @ 7.0% cap · market cap 8.44%

Theoretical Best

Office A

$3.55M

$3.11M – $4.15M (±1% cap)

NOI $248,816 @ 7.0% cap · market cap 19.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

MRC Global Factory higi Physician

Suggested Use

Top Pick Building Supply Garden Center Grocery & Convenience Store Parking Lot & Garage Big Box & Wholesale Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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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