Two-Story Office-Warehouse Flex
New
For Sale
$1,675,000
402 Machine Loop, Scott, LA 70583
Front office space and rear warehouse area provide separate administrative and work functions.
Property Size10,938 SF
Lot Size1.20 Acres
Price / SF$153.14
Days on Market5
Property Features for 402 Machine Loop
General Information
Standard status
Active
Size
10,938 SF
Lot size
1.20 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Building Details
Stories
2
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jeff Landry · License #BROK.995682229-ACT
(337) 257-5380
Source:
Exprealty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:26AM
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 Scout Real Estate Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story flex property combines office space at the front with a warehouse behind it. The warehouse has a 14-foot overhead door, and a concrete drive provides access to the building. Open ground around the structure can accommodate parking and may allow for expansion or a laydown area.
The approximately 1.2-acre corner site is in Specialty Park, within Scott city limits, near I-10 and LA-93. Machine Loop and Specialty Lane meet at the site.
The approximately 1.2-acre corner site is in Specialty Park, within Scott city limits, near I-10 and LA-93. Machine Loop and Specialty Lane meet at the site.
Key Highlights
- Approximately 1.2‑acre corner site in Specialty Park
- Two‑story office and warehouse configuration
- 14‑foot overhead door in the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,667
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,340
$1.3M
Cap Rate 7%
$909,529
$909.5K
Cap Rate 9%
$707,411
$707.4K
Market Conditions
NOI Build-Up for 10,938 SF
Gross rent
$98.4K $9.00/SF
− Vacancy
−$492 −$0.05/SF
EGI
$97.9K $8.96/SF
− OpEx
−$34.3K −$3.13/SF
NOI
$63.7K $5.82/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,340
Cap Rate 7%
$909,529
Cap Rate 9%
$707,411
Alternative Uses
Best Use
Flex RnD
$909.5K
$795.8K – $1.06M
NOI $63,667 @ 7.0% cap · market cap 3.80%
Second Best
Warehouse
$792.9K
$693.8K – $925.1K
NOI $55,505 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$2.59M
$2.26M – $3.02M
NOI $181,028 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70583, LA
11,981
Population
4,476
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
82%
High-School Grad
28.4 sq mi
ZIP Area
422
Density / Sq Mi
$52,856
Median Household Income
$45,131
Median Earnings
$877
Median Rent
$130,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Front office space and rear warehouse area provide separate administrative and work functions.
Where is this flex space located?
The property is located at 402 Machine Loop Scott, LA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Approximately 1.2‑acre corner site in Specialty Park; Two‑story office and warehouse configuration; 14‑foot overhead door in the warehouse
