Building Details

Year Built 2023

Listing Agency: Diamond Realty & Associates Show Phone

Listed By: Sarah McCoy · License #0995696484 Show Phone

Source: Dallasandbeyond

Added: Oct 30 Last Checked: Oct 30 at 2:37PM

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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 Diamond Realty & Associates

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Investment Insights

Based on property information with market context.

Built in 2023, this flex property offers four available units, each measuring 1,200 square feet. Each unit is configured with 1,100 square feet of warehouse area and 100 square feet for an office and bathroom.

The property is at 6927 Highway 80 in Princeton, with access directly off the highway.

Key Highlights

• Four units available
• Each unit contains 1,200 square feet
• Per unit: 1,100 square feet of warehouse space and 100 square feet of office and bathroom area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,046

Suggested Prices Based on Cap Rates

Cap Rate 5%

$140,920 $140.9K

Cap Rate 7%

$100,657 $100.7K

Cap Rate 9%

$78,289 $78.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$10.8K $9.00/SF

− Vacancy

−$734 −$0.61/SF

EGI

$10.1K $8.39/SF

− OpEx

−$3.0K −$2.52/SF

NOI

$7.0K $5.87/SF

Area

Bossier County, LA

Vacancy

6.80%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$140,920

Cap Rate 7%

$100,657

Cap Rate 9%

$78,289

Alternative Uses

Best Use

Flex RnD

$147.9K

$129.4K – $172.6K (±1% cap)

NOI $10,354 @ 7.0% cap · market cap 690.27%

Second Best

Warehouse

$109.4K

$95.8K – $127.7K (±1% cap)

NOI $7,660 @ 7.0% cap · market cap 510.67%

Theoretical Best

Office A

$204.3K

$178.7K – $238.3K (±1% cap)

NOI $14,299 @ 7.0% cap · market cap 953.27%

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

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Hair Salon Nail Salon Building Supply Law Firm

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 71067, LA

3,435

Population

1,192

Households

2.9

Avg Household Size

38

Median Age

11%

College-Educated

76%

High-School Grad

38.1 sq mi

ZIP Area

90

Density / Sq Mi

$40,050

Median Household Income

$16,384

Median Earnings

$766

Median Rent

$97,700

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

Frequently Asked Questions

What type of property is this?

Flex space - Four available suites combine storage capacity with a compact office and restroom.

Where is this flex space located?

The property is located at 6927 HIGHWAY 80 Princeton, LA.

What are key features of this property?

This property features: Four units available; Each unit contains 1,200 square feet; Per unit: 1,100 square feet of warehouse space and 100 square feet of office and bathroom area