Flex Space With Shop
For Sale
$300,000
4866 Hwy 1, Napoleonville, LA 70390
Commercial Sale, Napoleonville, LA
Property Size2,800 SF
Lot Size0.38 Acres
Price / SF$107.14
Days on Market110
Property Features for 4866 Hwy 1
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Exterior features
Storage
Subdivision
Not A Subdivision
Standard status
Active
Size
2,800 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
LOT & COMM BLDG - ON BATTURE. BD OR FRT BY LA HWY 1, E IR REAR BY BAYOU LAF., S BY PROP OF SERVICE REAL ESTATE INC, PRESENTLY BEING LEASED TO BAYOU SERVICE STATION & OR FRT BY TEXAS & PACIFIC RR R/W. (COLLIN'S GLASS)
Legal Description
LOT & COMM BLDG - ON BATTURE. BD OR FRT BY LA HWY 1, E IR REAR BY BAYOU LAF., S BY PROP OF SERVICE REAL ESTATE INC, PRESENTLY BEING LEASED TO BAYOU SERVICE STATION & OR FRT BY TEXAS & PACIFIC RR R/W. (COLLIN'S GLASS)
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Building materials
Brick
Roof type
Metal
Additional Structures
Storage
Listing Agency:
eXp Realty
(225) 412-9982
Listed By:
Melissa Russo · License #74073
(225) 806-7220
Added: May 6
Changed: Aug 19
Last Checked: Aug 23 at 5:06PM
MLS# 2026008591
Copyright © 2026 Greater Baton Rouge Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,800-square-foot flex property at 4866 Hwy 1 includes a large metal shop area, storage, and a parking lot. The building has a metal roof, brick construction, window-unit cooling, and access to public water. The site previously housed a glass business and offers a practical combination of enclosed work area and outdoor space.
The property occupies 0.381 acres in Napoleonville, Louisiana, along Hwy 1. Its location provides access to surrounding areas, while the lot includes room for expansion. Residential, commercial, or mixed-use applications may be possible, subject to applicable zoning and Assumption Parish approval.
The property occupies 0.381 acres in Napoleonville, Louisiana, along Hwy 1. Its location provides access to surrounding areas, while the lot includes room for expansion. Residential, commercial, or mixed-use applications may be possible, subject to applicable zoning and Assumption Parish approval.
Key Highlights
- 2,800 square feet of flex space with a large shop area
- 0.381‑acre site along Hwy 1
- Parking lot included
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
$18,672
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
6.22%
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%
$373,440
$373.4K
Cap Rate 7%
$266,743
$266.7K
Cap Rate 9%
$207,467
$207.5K
Market Conditions
NOI Build-Up for 2,800 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
$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 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%
$373,440
Cap Rate 7%
$266,743
Cap Rate 9%
$207,467
Alternative Uses
Best Use
Industrial
$266.7K
$233.4K – $311.2K
NOI $18,672 @ 7.0% cap · market cap 6.22%
Second Best
Flex RnD
$259.9K
$227.4K – $303.2K
NOI $18,193 @ 7.0% cap · market cap 6.06%
Theoretical Best
Specialty Retail
$670.6K
$586.8K – $782.3K
NOI $46,940 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
143
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Located along Hwy 1 with a parking lot and room for expansion.
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 feet of flex space with a large shop area; 0.381‑acre site along Hwy 1; Parking lot included
