Industrial Warehouse
For Sale
$3,500,000
525 J F Smith Ave, Slidell, LA 70460
Industrial-zoned warehouse space within Johnny F Smith Business Park, positioned for regional interstate access.
Property Size37,000 SF
Price / SF$94.59
Days on Market132
Property Features for 525 J F Smith Ave
General Information
Standard status
Active
Size
37,000 SF
Property subtype
Industrial
Zoning
INDUSTRIAL
Amenities
Power
Water
Sewer
Natural Gas
Listing Agency:
ABEK Real Estate
(985) 788-4993
Listed By:
Larry Haik · License #000036766
(985) 788-4993
Source:
Lacdb.resimplifi
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 30 at 1:13PM
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 ABEK Real Estate
Investment Insights
Based on property information with market context.
This industrial warehouse property contains 37,000 square feet within Johnny F Smith Business Park. The asset is zoned INDUSTRIAL and is located at 525 J F Smith Ave in Slidell, Louisiana.
The business park sits a couple of miles from the I-10, I-12, and I-59 interstate hub, providing connections in multiple directions. Companies identified within the park include Kentwood, Boarshead Meats, Johnstone Supply, Coburn Plumbing Supply, Acadian Ambulance, Merchant’s Metals, American Tire Distribution, and Intel Com.
The business park sits a couple of miles from the I-10, I-12, and I-59 interstate hub, providing connections in multiple directions. Companies identified within the park include Kentwood, Boarshead Meats, Johnstone Supply, Coburn Plumbing Supply, Acadian Ambulance, Merchant’s Metals, American Tire Distribution, and Intel Com.
Key Highlights
- 37,000‑square‑foot industrial warehouse property
- INDUSTRIAL zoning
- Located in Johnny F Smith Business Park
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
$274,275
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
7.84%
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%
$5,485,500
$5.5M
Cap Rate 7%
$3,918,214
$3.9M
Cap Rate 9%
$3,047,500
$3.0M
Market Conditions
NOI Build-Up for 37,000 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
$333.0K $9.00/SF
− Vacancy
−$10.3K −$0.28/SF
EGI
$322.7K $8.72/SF
− OpEx
−$48.4K −$1.31/SF
NOI
$274.3K $7.41/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$9.00 /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%
$5,485,500
Cap Rate 7%
$3,918,214
Cap Rate 9%
$3,047,500
Alternative Uses
Best Use
Warehouse
$3.92M
$3.43M – $4.57M
NOI $274,275 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$398.86M
$349.01M – $465.34M
NOI $27,920,497 @ 7.0% cap · market cap 797.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70460, LA
22,429
Population
9,223
Households
2.4
Avg Household Size
39
Median Age
17%
College-Educated
84%
High-School Grad
38.4 sq mi
ZIP Area
584
Density / Sq Mi
$63,413
Median Household Income
$35,197
Median Earnings
$1,208
Median Rent
$184,400
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned warehouse space within Johnny F Smith Business Park, positioned for regional interstate access.
Where is this warehouse located?
The property is located at 525 J F Smith Ave Slidell, LA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 37,000‑square‑foot industrial warehouse property; INDUSTRIAL zoning; Located in Johnny F Smith Business Park
