Industrial Warehouse with Office

70239 Caleb Lane Abita Springs, LA 70420

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Up-to-date warehouse with office space, roll-up doors, and fenced yard storage on industrial-zoned land.

Type:Office, Industrial, Mixed Use
Property size:
19,000 SF
Price / SF:
$115/SF
Added:
Jun 8, 2026
Days on Market:
34
Last Refresh:
Jun 20 at 10:13 am

Property Features for 70239 Caleb Lane

General Information

Standard status
Active
Size
19,000 SF
Property subtype
Office, Industrial, Mixed Use

Building Details

Year Built
2019

Listing office KW Commercial Mandeville

Listing date Jun 8, 2026

Source Crexi

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 KW Commercial Mandeville


Investment Insights

Based on property information with market context.

This warehouse property includes a metal warehouse with a 26’ ceiling height and 20’ eaves, supported by a 6” post-tension slab designed for heavy loads. The building is served by two roll-up doors, including a 15’ door, and features a total of 3,000 square feet of office space with four baths and multiple entrances. The asset also includes ample parking and a fenced yard of approximately one-half acre for outdoor equipment storage. The structure is about seven years old and sits on 2.89 acres.

The property is located close to I-12, right off Highway 59 in Abita Springs, providing practical access for logistics and daily operations.

Zoned I1, the facility is well-suited for industrial users who need both warehouse space and on-site office amenities, along with secure outdoor storage. Unit B is currently leased with two years remaining on the lease, and interior photos shown are for Unit A. Bond for deed financing may be available; call for financial information.

Key Highlights

  • 16,000 SF metal warehouse built in 2019 with 26' ceiling height and 20' eaves
  • Includes two roll‑up doors, including one 15' roll‑up door
  • 3,000 SF office space with four baths and multiple entrances

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $285.0k $15.00
− Vacancy −$8.8k −$0.47
EGI $276.2k $14.54
− OpEx −$96.7k −$5.09
NOI $179.5k $9.45
19,000 SF · lease $15.00/SF/yr · vacancy 3.10% · expense 35.00%

Alternative Uses

Best Use
Office B
$3.08M
$2.69M – $3.59M (±1% cap)
NOI $215,598 @ 7.0% cap · market cap 9.80%
Second Best
Flex RnD
$2.56M
$2.24M – $2.99M (±1% cap)
NOI $179,507 @ 7.0% cap · market cap 8.16%
Theoretical Best
Multifamily LT 5
$204.82M
$179.22M – $238.96M (±1% cap)
NOI $14,337,552 @ 7.0% cap · market cap 651.71%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Parking Lot & Garage Hair Salon Nail Salon Auto Parts Store Electrical Service Plumbing Service Restaurant

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Up-to-date warehouse with office space, roll-up doors, and fenced yard storage on industrial-zoned land.
Where is this flex space located?
The property is located at 70239 Caleb Lane Abita Springs, LA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 16,000 SF metal warehouse built in 2019 with 26' ceiling height and 20' eaves; Includes two roll‑up doors, including one 15' roll‑up door; 3,000 SF office space with four baths and multiple entrances
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