Flex Space with Fenced
For Sale
$1,500,000
7530 LA Hwy 1, Addis, LA 70710
Commercial Sale, Addis, LA
Property Size7,700 SF
Lot Size1.32 Acres
Price / SF$194.81
Days on Market312
Property Features for 7530 LA Hwy 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Fencing
Fenced
Directions
Property is located in Addis on LA 1 South.
Standard status
Active
Lot size
1.32 Acres
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1998
Building materials
Masonite
Roof type
Metal
Listing Agency:
Tigerland Properties
(225) 320-3004
Listed By:
Darlene Currie
(225) 304-2031
Added: Oct 23, 2025
Changed: Aug 19
Last Checked: Aug 30 at 5:06PM
MLS# 11596062
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,700-square-foot flex property was built in 1998 and offers a practical interior configuration for varied commercial use. The building includes five rooms that can serve as offices or storage, along with a kitchen, two bathrooms, and natural gas heating. The electric kitchen and existing layout provide functional support space within the building.
The property occupies 1.32 acres along LA Hwy. 1 in Addis and includes a fenced storage area along the left side of the building. A metal roof was replaced in 2008 following Gustav. Public water serves the property. Inventory and equipment are excluded, although they may be negotiable separately. Building measurements are stated as 44X140, with measurements not warranted.
The property occupies 1.32 acres along LA Hwy. 1 in Addis and includes a fenced storage area along the left side of the building. A metal roof was replaced in 2008 following Gustav. Public water serves the property. Inventory and equipment are excluded, although they may be negotiable separately. Building measurements are stated as 44X140, with measurements not warranted.
Key Highlights
- 7,700 square feet on 1.32 acres
- Five rooms available for office or storage use
- Kitchen and two bathrooms
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
$73,649
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
4.91%
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%
$1,472,980
$1.5M
Cap Rate 7%
$1,052,129
$1.1M
Cap Rate 9%
$818,322
$818.3K
Market Conditions
NOI Build-Up for 7,700 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
$100.7K $13.08/SF
− Vacancy
−$2.5K −$0.33/SF
EGI
$98.2K $12.75/SF
− OpEx
−$24.5K −$3.19/SF
NOI
$73.6K $9.56/SF
Area
West Baton Rouge County, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
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%
$1,472,980
Cap Rate 7%
$1,052,129
Cap Rate 9%
$818,322
Alternative Uses
Best Use
Office B
$1.05M
$920.6K – $1.23M
NOI $73,649 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$733.5K
$641.9K – $855.8K
NOI $51,348 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $129,086 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70710, LA
6,749
Population
2,922
Households
2.3
Avg Household Size
32
Median Age
32%
College-Educated
95%
High-School Grad
8.0 sq mi
ZIP Area
844
Density / Sq Mi
$105,635
Median Household Income
$54,521
Median Earnings
$1,451
Median Rent
$242,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - The property includes five rooms, an electric kitchen, and two bathrooms for flexible commercial configuration.
Where is this flex space located?
The property is located at 7530 LA Hwy 1 Addis, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,700 square feet on 1.32 acres; Five rooms available for office or storage use; Kitchen and two bathrooms
