Flex Space with Roll-Up
For Sale
$185,000
619 HWY 20 Highway, Schriever, LA 70395
Commercial Sale, Schriever, LA
Property Size2,400 SF
Lot Size1.00 Acre
Price / SF$77.08
Days on Market191
Property Features for 619 HWY 20 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
7048
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
Tax Annual Amount
756
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
Year built
2008
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
KELLER WILLIAMS REALTY BAYOU P
Listed By:
Melinda Duncan · License #995702591
(985) 262-4400
Added: Apr 17
Changed: Oct 23
Last Checked: Oct 24 at 3:06PM
MLS# 2026008527
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot flex property occupies a one-acre parcel and includes a 60-by-40-foot metal building with a roll-up door sized for a commercial vehicle. The interior has parts storage, multiple offices, and a kitchen. Built in 2008, the building has central heating and air conditioning, a metal roof, and private sewer service. Maintenance is needed.
Key Highlights
- One‑acre parcel with a 2,400‑square‑foot building
- 60 x 40 metal building with a roll‑up door sized for a commercial vehicle
- Interior includes parts storage, multiple offices, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,433
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,660
$308.7K
Cap Rate 7%
$220,471
$220.5K
Cap Rate 9%
$171,478
$171.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$22.8K $9.48/SF
− Vacancy
−$705 −$0.29/SF
EGI
$22.0K $9.19/SF
− OpEx
−$6.6K −$2.76/SF
NOI
$15.4K $6.43/SF
Area
Terrebonne County, LA
Vacancy
3.10%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,660
Cap Rate 7%
$220,471
Cap Rate 9%
$171,478
Alternative Uses
Best Use
Flex RnD
$314.5K
$275.2K – $366.9K
NOI $22,015 @ 7.0% cap · market cap 11.90%
Second Best
Warehouse
$267.7K
$234.3K – $312.3K
NOI $18,740 @ 7.0% cap · market cap 10.13%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 25.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A parts-storage area, several offices, and a kitchen are arranged within the building.
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 $185,000.
What are key features of this property?
This property features: One‑acre parcel with a 2,400‑square‑foot building; 60 x 40 metal building with a roll‑up door sized for a commercial vehicle; Interior includes parts storage, multiple offices, and a kitchen
