Metal Flex Building with
For Sale
$225,000
619 Highway 20, Schriever, LA 70395
A 60-by-40 metal building with roll-up door and office areas, suited for light storage or flexible work use.
Property Size2,400 SF
Price / SF$93.75
Days on Market118
Property Features for 619 Highway 20
General Information
Standard status
Active
Size
2,400 SF
Taxes and HOA fees
Annual Taxes
$756
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 414-4255
Listed By:
Melinda Duncan · License #995702591
(985) 414-4255
Source:
Exprealty
Added: Apr 17
Changed: Aug 8
Last Checked: Aug 11 at 10:47AM
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 KELLER WILLIAMS REALTY BAYOU P
Investment Insights
Based on property information with market context.
The offering is a one-acre commercial lot with a large 60-by-40 metal building featuring a roll-up door sized for a commercial vehicle. Inside, the space is configured to support multiple operating styles, including parts storage, multiple office rooms with a kitchen, or an efficiency apartment layout that still maintains office space. The property will require some maintenance, with the current layout providing room for a small waiting room or display area depending on how the space is finished out.
The property is located on Old Hwy 90 in Schriever, LA. It is available for immediate occupancy, allowing new users to move forward without waiting for a redevelopment timeline.
For tenants, the combination of vehicle-accessible storage and contained office space can fit businesses that need both work area and customer-facing or administrative space. For buyers, the flexible interior configuration supports a range of light industrial, logistics-adjacent, or mixed office-and-storage uses, with the building’s roll-up access serving as a practical day-to-day feature.
The property is located on Old Hwy 90 in Schriever, LA. It is available for immediate occupancy, allowing new users to move forward without waiting for a redevelopment timeline.
For tenants, the combination of vehicle-accessible storage and contained office space can fit businesses that need both work area and customer-facing or administrative space. For buyers, the flexible interior configuration supports a range of light industrial, logistics-adjacent, or mixed office-and-storage uses, with the building’s roll-up access serving as a practical day-to-day feature.
Key Highlights
- 1‑acre commercial lot available for immediate occupancy
- 60 x 40 metal building with a roll‑up door, sized for a commercial vehicle
- Interior includes parts storage and multiple office areas
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
$18,740
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
8.33%
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%
$374,800
$374.8K
Cap Rate 7%
$267,714
$267.7K
Cap Rate 9%
$208,222
$208.2K
Market Conditions
NOI Build-Up for 2,400 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
$22.8K $9.48/SF
− Vacancy
−$705 −$0.29/SF
EGI
$22.0K $9.19/SF
− OpEx
−$3.3K −$1.38/SF
NOI
$18.7K $7.81/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /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%
$374,800
Cap Rate 7%
$267,714
Cap Rate 9%
$208,222
Alternative Uses
Best Use
Office B
$537.4K
$470.2K – $626.9K
NOI $37,616 @ 7.0% cap · market cap 16.72%
Second Best
Flex RnD
$314.5K
$275.2K – $366.9K
NOI $22,015 @ 7.0% cap · market cap 9.78%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 20.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70395, LA
4,843
Population
1,985
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
92%
High-School Grad
48.9 sq mi
ZIP Area
99
Density / Sq Mi
$77,043
Median Household Income
$42,243
Median Earnings
$895
Median Rent
$201,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A 60-by-40 metal building with roll-up door and office areas, suited for light storage or flexible work use.
Where is this flex space located?
The property is located at 619 Highway 20 Schriever, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1‑acre commercial lot available for immediate occupancy; 60 x 40 metal building with a roll‑up door, sized for a commercial vehicle; Interior includes parts storage and multiple office areas
