Industrial Warehouse with Walk-In
For Sale
$1,000,000
664 Time Saver Ave, Elmwood, LA 70123
M-1 industrial warehouse offering office space, loading infrastructure, cold storage, and an existing five-year sale-leaseback.
Property Size8,100 SF
Lot Size0.37 Acres
Price / SF$123.46
Days on Market71
Property Features for 664 Time Saver Ave
General Information
Standard status
Active
Size
8,100 SF
Total Parking Spaces
6
Lot size
0.37 Acres
Property subtype
Investment
Zoning
M-1
Warehouse & Industrial
Warehouse Space
7,200 SF
Office Build-Out
900 SF
Dock-High Doors
2
Drive-In Doors
2
Cold Storage
Yes
Cold Storage Area
3,600 SF
Cooler
3,600 SF
Additional Details
Cap Rate
7.5%
Road Access
Yes
Amenities
generator
6 Parking Spaces
Building Details
Buildings
1
Building Size
8,100 SF
Tenancy
Single
Listing Agency:
The Industrial Group, LLC
(504) 832-8012
Listed By:
Trimble Green · License #38278
(504) 832-8012
Source:
Lacdb.resimplifi
Added: Jun 22
Changed: Aug 31
Last Checked: Aug 31 at 12:09AM
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 The Industrial Group, LLC
Investment Insights
Based on property information with market context.
This M-1 industrial warehouse contains approximately 8,100 SF, including 900 SF of office space and 7,200 SF of warehouse area. Improvements include a 3,600 SF walk-in cooler, rack storage, two dock-height overhead doors with load levelers, and two 12'x14' ground-level doors. A rear yard measures 3,200 SF, with 60% paving, an installed generator, and access from a 14' paved driveway.
The property occupies an approximately 16,125 SF site at 664 Time Saver Ave in Elmwood Business Park, identified as the area's primary industrial and business park. An international mushroom farming and distribution tenant has occupied the premises for over 30 years. The offering includes a five-year sale-leaseback and is reported at a 7.5% cap rate at the list price.
The property occupies an approximately 16,125 SF site at 664 Time Saver Ave in Elmwood Business Park, identified as the area's primary industrial and business park. An international mushroom farming and distribution tenant has occupied the premises for over 30 years. The offering includes a five-year sale-leaseback and is reported at a 7.5% cap rate at the list price.
Key Highlights
- Approximately 8,100 SF industrial warehouse with 900 SF of office space and 7,200 SF of warehouse area
- 3,600 SF walk‑in cooler with ample rack space
- Two dock height overhead doors with load levelers
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
$65,352
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
6.54%
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%
$1,307,040
$1.3M
Cap Rate 7%
$933,600
$933.6K
Cap Rate 9%
$726,133
$726.1K
Market Conditions
NOI Build-Up for 8,100 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
$80.7K $9.96/SF
− Vacancy
−$3.8K −$0.47/SF
EGI
$76.9K $9.49/SF
− OpEx
−$11.5K −$1.42/SF
NOI
$65.4K $8.07/SF
Area
ZIP 70123
Vacancy
4.70%
Lease Rate
$9.96 /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%
$1,307,040
Cap Rate 7%
$933,600
Cap Rate 9%
$726,133
Alternative Uses
Best Use
Warehouse
$933.6K
$816.9K – $1.09M
NOI $65,352 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.42M
NOI $145,453 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
2
Drive-in doors
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70123, LA
27,346
Population
14,297
Households
1.9
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
3,598
Density / Sq Mi
$82,639
Median Household Income
$52,709
Median Earnings
$1,310
Median Rent
$318,000
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 - M-1 industrial warehouse offering office space, loading infrastructure, cold storage, and an existing five-year sale-leaseback.
Where is this warehouse located?
The property is located at 664 Time Saver Ave Elmwood, LA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 8,100 SF industrial warehouse with 900 SF of office space and 7,200 SF of warehouse area; 3,600 SF walk‑in cooler with ample rack space; Two dock height overhead doors with load levelers
