Flex Building with Roll-Up
For Sale
$225,000
619 Hwy 20 Highway, Schriever, LA 70395
Commercial Sale, Schriever, LA
Property Size2,400 SF
Lot Size1.00 Acre
Price / SF$93.75
Days on Market138
Property Features for 619 Hwy 20 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Patrick Leblanc
Standard status
Active
Size
2,400 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Lots 25 & 26 Patrick L. LeBlanc Subd. Cb 391/37
Legal Description
Lots 25 & 26 Patrick L. LeBlanc Subd. Cb 391/37
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
1
Building materials
Metal Const
Roof type
Metal
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
(985) 262-4400
Listed By:
Melinda Duncan · License #995702591
(985) 414-4255
Added: Apr 17
Changed: Aug 19
Last Checked: Sep 1 at 3:06AM
MLS# 2026008527
Copyright © 2026 Bayou Board 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 one-acre commercial property in Schriever includes a 2,400-square-foot metal building measuring 60 by 40 feet. The interior is arranged with parts storage, multiple offices, a kitchen, a bathroom, and additional area that can accommodate office, waiting, or display functions. A roll-up door provides access for a commercial vehicle.
The building has a metal roof, central heating, central air conditioning, and private sewer service. The property is suited to a range of flex-space configurations, with existing areas that support storage and office use. Some maintenance is needed, as noted in the property information.
The building has a metal roof, central heating, central air conditioning, and private sewer service. The property is suited to a range of flex-space configurations, with existing areas that support storage and office use. Some maintenance is needed, as noted in the property information.
Key Highlights
- 1‑acre commercial parcel in Schriever, LA
- 2,400 square feet in a 60 x 40 metal building
- Roll‑up door sized for commercial vehicle access
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
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
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 - One-acre commercial property with a metal building, office areas, kitchen, central HVAC, and private sewer service.
Where is this flex space located?
The property is located at 619 Hwy 20 Highway 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 parcel in Schriever, LA; 2,400 square feet in a 60 x 40 metal building; Roll‑up door sized for commercial vehicle access
