Industrial Warehouse with
For Sale
Contact for pricing
70239 Caleb Lane, Abita Springs, LA 70420
Up-to-date warehouse with office space, roll-up doors, and fenced yard storage on industrial-zoned land.
Property Size19,000 SF
Price / SF$115.79
Days on Market66
Property Features for 70239 Caleb Lane
General Information
Standard status
Active
Size
19,000 SF
Class
B
Total Parking Spaces
50
Property subtype
Office, Industrial, Mixed Use
Zoning
I1
Occupancy
50%
Lease Type
Gross
Investment Type
Owner/User
Net Operating Income
$33,704
Building Details
Year Built
2019
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
KW Commercial Mandeville
Listed By:
Gregg Tepper · License #Louisiana
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 11 at 5:31PM
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.
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
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
$179,507
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
8.16%
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%
$3,590,140
$3.6M
Cap Rate 7%
$2,564,386
$2.6M
Cap Rate 9%
$1,994,522
$2.0M
Market Conditions
NOI Build-Up for 19,000 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
$285.0K $15.00/SF
− Vacancy
−$8.8K −$0.47/SF
EGI
$276.2K $14.54/SF
− OpEx
−$96.7K −$5.09/SF
NOI
$179.5K $9.45/SF
Area
St. Tammany County, LA
Vacancy
3.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$3,590,140
Cap Rate 7%
$2,564,386
Cap Rate 9%
$1,994,522
Alternative Uses
Best Use
Office B
$3.08M
$2.69M – $3.59M
NOI $215,598 @ 7.0% cap · market cap 9.80%
Second Best
Flex RnD
$2.56M
$2.24M – $2.99M
NOI $179,507 @ 7.0% cap · market cap 8.16%
Theoretical Best
Multifamily LT 5
$204.82M
$179.22M – $238.96M
NOI $14,337,552 @ 7.0% cap · market cap 651.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70420, LA
8,030
Population
3,027
Households
2.7
Avg Household Size
43
Median Age
35%
College-Educated
96%
High-School Grad
63.8 sq mi
ZIP Area
126
Density / Sq Mi
$72,180
Median Household Income
$44,204
Median Earnings
$1,141
Median Rent
$278,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
