Building Details

Building Size 2,800 SF

Buildings 1

Construction metal building

Listing Agency: Show Phone

Listed By: Gary Hollier

Source: Hollierrealestate

Added: Oct 19 Changed: Oct 28 Last Checked: Oct 28 at 2:47PM

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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 Gary Hollier

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Investment Insights

Based on property information with market context.

This flex property has a 2,800-square-foot metal building with shop area, storage, and a slab foundation. Concrete parking is available on site, and the lot measures 0.381 acres.

The property fronts Hwy 1. Residential, commercial, or mixed-use possibilities are subject to zoning and parish approval.

Key Highlights

• 2,800‑square‑foot metal building with shop area
• 0.381‑acre lot
• Concrete parking on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,672

Cap Rate

6.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,440 $373.4K

Cap Rate 7%

$266,743 $266.7K

Cap Rate 9%

$207,467 $207.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$27.2K $9.72/SF

− Vacancy

−$542 −$0.19/SF

EGI

$26.7K $9.53/SF

− OpEx

−$8.0K −$2.86/SF

NOI

$18.7K $6.67/SF

Area

Assumption County, LA

Vacancy

1.99%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,440

Cap Rate 7%

$266,743

Cap Rate 9%

$207,467

Alternative Uses

Best Use

Industrial

$266.7K

$233.4K – $311.2K (±1% cap)

NOI $18,672 @ 7.0% cap · market cap 6.22%

Second Best

Flex RnD

$259.9K

$227.4K – $303.2K (±1% cap)

NOI $18,193 @ 7.0% cap · market cap 6.06%

Theoretical Best

Specialty Retail

$670.6K

$586.8K – $782.3K (±1% cap)

NOI $46,940 @ 7.0% cap · market cap 15.65%

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

Flex space

Suggested Use

Top Pick Electrical Service Storage Facility Carpet & Flooring Store (Bike/Boat/Book/etc) Store Butcher Building Supply

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

92

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

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?

Flex space - The property includes on-site concrete parking and storage space.

Where is this flex space located?

The property is located at 4866 Hwy 1 Napoleonville, LA.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 2,800‑square‑foot metal building with shop area; 0.381‑acre lot; Concrete parking on site