Denham Springs Commercial Investment
For Sale
$1,275,000
7845 Florida Blvd, Denham Springs, LA 70726
Versatile office/warehouse with tenants, five bays, and fenced yard.
Property Size5,600 SF
Lot Size2.52 Acres
Price / SF$227.68
Days on Market254
Property Features for 7845 Florida Blvd
General Information
Standard status
Active
Size
5,600 SF
Lot size
2.52 Acres
Listing Agency:
Covington & Associates Real Estate, LLC
Listed By:
Aaron Goolsby · License #0000069174
(225) 571-4149
Source:
Larry.agent225
Added: Jan 26
Changed: Oct 5
Last Checked: Oct 5 at 7:37PM
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 Covington & Associates Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial investment property is located in Denham Springs and currently has tenants. The building offers 5,600 square feet of space, including 1,784 square feet of office/retail space and 3,816 square feet of warehouse space. The warehouse includes five bays, each equipped with overhead doors. The property is situated on a 2.52-acre lot with over 160 feet of frontage on Florida Blvd. It is partially fenced and gated, providing a lay-down yard for additional storage or operational needs. This property is suitable for a variety of businesses seeking a functional space with easy access to thoroughfares.
Key Highlights
- Prime commercial investment property with tenants in place.
- 5,600 sq ft versatile office/warehouse building.
- 3,816 sq ft of warehouse space with five bays and overhead doors.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,563
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,260
$1.1M
Cap Rate 7%
$765,186
$765.2K
Cap Rate 9%
$595,144
$595.1K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$73.2K $13.08/SF
− Vacancy
−$1.8K −$0.33/SF
EGI
$71.4K $12.75/SF
− OpEx
−$17.9K −$3.19/SF
NOI
$53.6K $9.56/SF
Area
Livingston 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 Rate 5%
$1,071,260
Cap Rate 7%
$765,186
Cap Rate 9%
$595,144
Alternative Uses
Best Use
Office B
$765.2K
$669.5K – $892.7K
NOI $53,563 @ 7.0% cap · market cap 4.20%
Second Best
Warehouse
$647.8K
$566.8K – $755.8K
NOI $45,346 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,880 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70726, LA
59,586
Population
24,925
Households
2.4
Avg Household Size
35
Median Age
24%
College-Educated
90%
High-School Grad
88.2 sq mi
ZIP Area
676
Density / Sq Mi
$77,129
Median Household Income
$41,240
Median Earnings
$1,180
Median Rent
$215,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile office/warehouse with tenants, five bays, and fenced yard.
Where is this flex space located?
The property is located at 7845 Florida Blvd Denham Springs, LA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Prime commercial investment property with tenants in place.; 5,600 sq ft versatile office/warehouse building.; 3,816 sq ft of warehouse space with five bays and overhead doors.**
