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    Warehouse with Office and Fenced Yard Title is generated by Realmo AI

    70239 CALEB Lane, Abita Springs, LA 70420

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    New
    For Sale
    $2,200,000

    COMMERCIAL - Abita Springs, LA

    Property size:
    3,000 SF
    Lot size:
    2.89 Acres
    Price / SF:
    $733/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 70239 CALEB Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    I1
    Standard status
    Active
    APN
    29430
    Size
    3,000 SF
    Lot size
    2.89 Acres

    Taxes and HOA fees

    Tax Description
    Parcel-B 2.865 ACS M/L SEC 12,7,11

    Utilities

    Water source
    Public

    Building Details

    Year built
    2019
    Floors in Building
    1

    We can help!

    Listing Contact
    Gregg Tepper
    Gregg Tepper

    Listing agent Gregg Tepper License #995700267

    Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA

    Listing date Jun 3, 2026

    MLS# 2561226

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2019‑built metal warehouse on 2.89 acres near I‑12, right off Hwy 59 in Abita Springs (Zoning: I1).
    • 16,000 SF warehouse with two roll‑up doors, including one 15' door, plus 4,000 SF office space with four baths.
    • Warehouse features 26' ceiling height and 20' eaves, with a 6" post‑tension industrial slab built for heavy loads.
    • Includes plenty of parking and an approximately 1/2‑acre fenced yard for outdoor equipment storage.
    • Unit B is currently leased with 2 years remaining on the lease.

    Overview

    This up-to-date warehouse property includes a metal warehouse with 26' ceiling height and 20' eaves, supported by a 6" post-tension slab built for heavy loads. The building offers two roll-up doors, including one 15' door, along with a combined office area of approximately 4,000 square feet with four baths and multiple entrances. The outdoor portion features a fenced yard of approximately one-half acre, designed for secure storage of equipment. The warehouse is about 7 years old and includes ample parking for vehicle access. Unit B is currently leased with approximately two years remaining on the lease.

    The property is located close to I-12, right off Hwy 59, in Abita Springs, Louisiana. It sits on 2.89 acres and is positioned for straightforward drive-up operations given the warehouse door access and parking.

    For buyers seeking an industrial facility with both warehouse and office space in an I1 zoned setting, this asset provides functional loading through two roll-up doors and dedicated administrative space with multiple entrances. The fenced yard supports businesses that need a secure area for outdoor equipment, while the post-tension slab and clear height help accommodate demanding storage and distribution activities. Financing may be available via bond for deed; interested parties should request financial information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Abita Springs
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -89.9372
    Latitude
    30.4796

    FAQs

    What type of property is this?
    Warehouse - Industrial I1 warehouse includes office space, roll-up doors, and a fenced yard for outdoor equipment storage.
    Where is this warehouse 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: 2019‑built metal warehouse on 2.89 acres near I‑12, right off Hwy 59 in Abita Springs (Zoning: I1).; 16,000 SF warehouse with two roll‑up doors, including one 15' door, plus 4,000 SF office space with four baths.; Warehouse features 26' ceiling height and 20' eaves, with a 6" post‑tension industrial slab built for heavy loads.
    (985) 727-7000
    We can help!
    Listing Contact
    Gregg Tepper
    Gregg Tepper
    Real Estate License ID: 995700267
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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