Highway Flex Space With Loading
For Sale
$999,000
7708 & 7712 Us Highway 61, Saint Francisville, LA 70775
CH-zoned commercial property with month-to-month occupancy and a dedicated loading dock.
Property Size4,196 SF
Lot Size1.84 Acres
Price / SF$238.08
Days on Market14
Property Features for 7708 & 7712 Us Highway 61
General Information
Standard status
Active
Size
4,196 SF
Lot size
1.84 Acres
Zoning
CH
Property Condition
Severity
Repairs Needed
Evidence
in need of some repairs and improvements
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Dock-High Doors
1
Land Use
commercial, warehouse, service, retail
Taxes and HOA fees
Annual Taxes
$3,581
Amenities
loading dock
Building Details
Buildings
1
Listing Agency:
Landry Team Real Estate, L.L.C.
(225) 721-2800
Listed By:
Gaye Landry · License #0000029058
(225) 721-2800
Source:
Exprealty
Added: Aug 10
Changed: Aug 20
Last Checked: Aug 23 at 4:04AM
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 Landry Team Real Estate, L.L.C.
Investment Insights
Based on property information with market context.
Located at 7708 & 7712 US Highway 61 in Saint Francisville, this flex space includes a 4,196-square-foot commercial building on 1.84 acres. The improvements include a loading dock that supports receiving and distribution functions. The building requires repairs and improvements, allowing a future owner to address the condition and adapt the space to its operational needs.
The property is positioned along the US Highway 61 corridor and carries CH zoning. It is currently leased on a month-to-month basis, providing existing occupancy while retaining flexibility for a new ownership plan. The combination of highway access, land area, commercial improvements, and dock service supports consideration for warehouse, service, retail, or other commercial applications identified in the property information.
The property is positioned along the US Highway 61 corridor and carries CH zoning. It is currently leased on a month-to-month basis, providing existing occupancy while retaining flexibility for a new ownership plan. The combination of highway access, land area, commercial improvements, and dock service supports consideration for warehouse, service, retail, or other commercial applications identified in the property information.
Key Highlights
- 1.84‑acre property on US Highway 61 in Saint Francisville, Louisiana
- 4,196‑square‑foot commercial building
- Loading dock for receiving and distribution
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
$33,977
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
3.40%
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%
$679,540
$679.5K
Cap Rate 7%
$485,386
$485.4K
Cap Rate 9%
$377,522
$377.5K
Market Conditions
NOI Build-Up for 4,196 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
$40.8K $9.72/SF
− Vacancy
−$812 −$0.19/SF
EGI
$40.0K $9.53/SF
− OpEx
−$6.0K −$1.43/SF
NOI
$34.0K $8.10/SF
Area
West Feliciana County, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
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%
$679,540
Cap Rate 7%
$485,386
Cap Rate 9%
$377,522
Alternative Uses
Best Use
Warehouse
$485.4K
$424.7K – $566.3K
NOI $33,977 @ 7.0% cap · market cap 3.40%
Second Best
Industrial
$399.7K
$349.8K – $466.4K
NOI $27,981 @ 7.0% cap · market cap 2.80%
Theoretical Best
Specialty Retail
$1.00M
$879.3K – $1.17M
NOI $70,343 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70775, LA
9,405
Population
4,807
Households
2
Avg Household Size
42
Median Age
32%
College-Educated
95%
High-School Grad
313.2 sq mi
ZIP Area
30
Density / Sq Mi
$75,980
Median Household Income
$42,283
Median Earnings
$1,011
Median Rent
$269,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Catering Connection — 7555 US-61, St Francisville, LA 70775
Frequently Asked Questions
What type of property is this?
Flex space - CH-zoned commercial property with month-to-month occupancy and a dedicated loading dock.
Where is this flex space located?
The property is located at 7708 & 7712 Us Highway 61 Saint Francisville, LA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 1.84‑acre property on US Highway 61 in Saint Francisville, Louisiana; 4,196‑square‑foot commercial building; Loading dock for receiving and distribution
