Building Details

Buildings 5

Listing Agency: Lee & Associates Louisiana e***@lee-associates.com Show Phone

Listed By: Evan Scroggs, SIOR, CCIM · License #BROK.995712516-ACT

Source: Crexi

Added: Mar 4 Changed: Aug 8 Last Checked: Aug 10 at 3:08PM

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Investment Insights

Based on property information with market context.

This seafood processing plant is located at the port of Delcambre on the Delcambre Canal in Vermilion Parish. The property includes five buildings totaling approximately 20,135 square feet, situated on eight lots totaling 13.25 acres. The primary warehouse is approximately 12,000 square feet and features three docks and one grade-level door. The property includes approximately 720 feet of bulkhead along the Delcambre Canal and a 420-foot pier/boat dock, offering access for seafood harvesting fleets. A 300-ton ice plant is located on the southern end of the property. As the only ice plant in the immediate area, this feature creates a unique value. Delcambre, Louisiana, is a waterfront town in southern Louisiana, spanning Iberia and Vermilion Parishes in the Acadiana region. It is located about 10 miles south of New Iberia, 20 miles southeast of Lafayette, and 25 miles north of the Gulf of Mexico, offering access to regional markets and coastal waterways. Situated along Bayou Carlin and Bayou Tigre, Delcambre has navigable access to Vermilion Bay and the Gulf, reflecting its ties to seafood and maritime industries. Louisiana Highway 14 and U.S. Highway 90 (future I-49 corridor) provide east-west and regional connectivity. Its proximity to Lafayette Regional Airport and the Port of Iberia supports access to the broader energy, seafood, and agricultural economies of South Louisiana.

Key Highlights

• Prime waterfront location on the Delcambre Canal with 720' of bulkhead and a 420' pier/boat dock, ideal for seafood harvesting fleets.
• Includes a 300‑ton ice plant, the only one in the immediate area, offering a unique and valuable asset.
• Large primary warehouse of approximately 12,000 sf with three docks and one grade‑level door.

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

$115,356

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

3.98%

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%

$2,307,120 $2.3M

Cap Rate 7%

$1,647,943 $1.6M

Cap Rate 9%

$1,281,733 $1.3M

Market Conditions

NOI Build-Up for 20,135 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

$142.6K $7.08/SF

− Vacancy

−$6.8K −$0.34/SF

EGI

$135.7K $6.74/SF

− OpEx

−$20.4K −$1.01/SF

NOI

$115.4K $5.73/SF

Area

Vermilion County, LA

Vacancy

4.80%

Lease Rate

$7.08 /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%

$2,307,120

Cap Rate 7%

$1,647,943

Cap Rate 9%

$1,281,733

Alternative Uses

Best Use

Warehouse

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,356 @ 7.0% cap · market cap 3.98%

Second Best

Industrial

$1.36M

$1.19M – $1.58M (±1% cap)

NOI $94,999 @ 7.0% cap · market cap 3.28%

Theoretical Best

Office A

$4.76M

$4.17M – $5.55M (±1% cap)

NOI $333,242 @ 7.0% cap · market cap 11.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Ocean Harvest Wholesale Take-out & Catering

Suggested Use

Top Pick Building Supply Hair Salon Dental Office Auto Repair Shop HVAC Service Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

127

Businesses Nearby

Explore this area Business Placement

Demographics for 70528, LA

2,255

Population

1,081

Households

2.1

Avg Household Size

40

Median Age

14%

College-Educated

83%

High-School Grad

16.0 sq mi

ZIP Area

141

Density / Sq Mi

$47,000

Median Household Income

$35,000

Median Earnings

$814

Median Rent

$118,900

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?

Manufacturing property - Seafood processing plant with ice plant and dock access.

Where is this manufacturing property located?

The property is located at 605 Wilfred Landry St Delcambre, LA.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Prime waterfront location on the Delcambre Canal with **720' of bulkhead and a 420' pier/boat dock**, ideal for seafood harvesting fleets.; Includes a **300‑ton ice plant**, the only one in the immediate area, offering a unique and valuable asset.; Large primary warehouse of approximately **12,000 sf with three docks and one grade‑level door.**