6,500 SF Industrial
5035 Flournoy Lucas Rd Shreveport, LA 71129
5035 Flournoy Lucas Rd, Shreveport, LA, 71129
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For Sale
Contact for pricing
Industrial building in excellent condition on over half acre.
Property Size6,500 SF
Lot Size0.50 Acres
Price / SF$94
Days on Market892
Property Features for 5035 Flournoy Lucas Rd
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Lot size
- 0.50 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing Agency
Beth King Real Estate, LLC
(318) 222-8700
Listed by
Beth King · License #LA 995706795
Source
Crexi
Added: Feb 8, 2024 Checked: Jul 17 at 4:42 am
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 Beth King Real Estate, LLC
Investment Insights
Based on property information with market context.
This 6,500 square foot industrial building is situated on over half an acre of land and is in excellent condition. The building features a clear span design. The front section of the warehouse measures 40 feet by 75 feet with an eave height of 16 feet. The rear warehouse section measures 50 feet by 50 feet with an eave height of 22 feet. The property includes two large overhead doors, as well as 1,000 square feet of office and restroom space. There is room for up to 20 parking spaces.
Key Highlights
- Large 6,500 SF clear span industrial building.
- Over half acre of land.
- Excellent condition.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $9.00 |
| − Vacancy | −$4.0k | −$0.61 |
| EGI | $54.5k | $8.39 |
| − OpEx | −$8.2k | −$1.26 |
| NOI | $46.3k | $7.13 |
6,500 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$662.1K
$579.3K – $772.4K
NOI $46,344 @ 7.0% cap · market cap 7.58%
Second Best
Industrial
$581.6K
$508.9K – $678.5K
NOI $40,710 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,034 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pugh Lubricants
Warehouse & Storage
Similar For Sale Nearby
Similar Off Market Nearby
- Storage Haven — 6200 W Bert Kouns Industrial Loop, Shreveport, LA 71129
FAQs
What type of property is this?
Warehouse - Industrial building in excellent condition on over half acre.
Where is this warehouse located?
The property is located at 5035 Flournoy Lucas Rd Shreveport, LA.
What is the asking price?
The asking price for this property is $611,000.
What are key features of this property?
This property features: Large 6,500 SF clear span industrial building.; Over half acre of land.; Excellent condition.
