Flex Space with
For Sale
$215,000
4214 Highway 1, Napoleonville, LA 70390
Combined retail and warehouse areas support customer service, storage, loading, and day-to-day operations.
Property Size2,400 SF
Price / SF$89.58
Days on Market41
Property Features for 4214 Highway 1
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Jace Harrington · License #0995699723
Source:
Athomerealtyla
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 4:30AM
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 Keaty Real Estate Team
Investment Insights
Based on property information with market context.
This flex property combines a dedicated retail area with an attached warehouse, creating separate spaces for customer-facing activity and back-of-house operations. The warehouse includes two overhead doors for loading and unloading and can accommodate storage or operational functions.
The property is located at 4214 Highway 1 in Napoleonville, Louisiana, with direct positioning along the highway. Its 2,400-square-foot building area provides a practical footprint for a business requiring both retail and warehouse components.
The property is located at 4214 Highway 1 in Napoleonville, Louisiana, with direct positioning along the highway. Its 2,400-square-foot building area provides a practical footprint for a business requiring both retail and warehouse components.
Key Highlights
- 2,400‑square‑foot flex property
- Dedicated retail area within the building
- Attached warehouse for storage and operations
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
$19,434
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
9.04%
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%
$388,680
$388.7K
Cap Rate 7%
$277,629
$277.6K
Cap Rate 9%
$215,933
$215.9K
Market Conditions
NOI Build-Up for 2,400 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
$23.3K $9.72/SF
− Vacancy
−$464 −$0.19/SF
EGI
$22.9K $9.53/SF
− OpEx
−$3.4K −$1.43/SF
NOI
$19.4K $8.10/SF
Area
Assumption County, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
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%
$388,680
Cap Rate 7%
$277,629
Cap Rate 9%
$215,933
Alternative Uses
Best Use
Retail
$536.5K
$469.4K – $625.9K
NOI $37,552 @ 7.0% cap · market cap 17.47%
Second Best
Warehouse
$277.6K
$242.9K – $323.9K
NOI $19,434 @ 7.0% cap · market cap 9.04%
Theoretical Best
Specialty Retail
$574.8K
$502.9K – $670.6K
NOI $40,234 @ 7.0% cap · market cap 18.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70390, LA
6,593
Population
3,272
Households
2
Avg Household Size
42
Median Age
15%
College-Educated
77%
High-School Grad
147.8 sq mi
ZIP Area
45
Density / Sq Mi
$56,353
Median Household Income
$36,081
Median Earnings
$823
Median Rent
$152,000
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?
Flex space - Combined retail and warehouse areas support customer service, storage, loading, and day-to-day operations.
Where is this flex space located?
The property is located at 4214 Highway 1 Napoleonville, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 2,400‑square‑foot flex property; Dedicated retail area within the building; Attached warehouse for storage and operations
