Flex Building with Overhead
For Sale
$575,000
7890 Highway 165, Sterlington, LA 71203
Partly open interior and extra land allow for customized configuration and outdoor storage.
Property Size4,254 SF
Days on Market8
Property Features for 7890 Highway 165
General Information
Standard status
Active
Size
4,254 SF
Property subtype
Industrial
Building Details
Building Size
4,254 SF
Listing Agency:
Faulk & Foster Real Estate Services
Listed By:
JW Perry · License #0995683525
(318) 381-0301
Source:
Naiglobal
Added: Sep 30
Last Checked: Oct 7 at 8:39AM
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 Faulk & Foster Real Estate Services
Investment Insights
Based on property information with market context.
This flex property at 7890 Highway 165 has an overhead door and a partially opened interior. The existing layout can be renovated and built out for office, showroom, warehouse, shop, or storage functions. Additional land may accommodate outdoor storage or a laydown area, or be used for future expansion.
The property is in the North Monroe–Sterlington corridor, with access to Monroe, Sterlington, and surrounding markets.
The property is in the North Monroe–Sterlington corridor, with access to Monroe, Sterlington, and surrounding markets.
Key Highlights
- Overhead door for warehouse, shop, or storage use
- Partially opened interior can be renovated and built out
- Additional land for outdoor storage, laydown, or future expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,632
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,640
$732.6K
Cap Rate 7%
$523,314
$523.3K
Cap Rate 9%
$407,022
$407.0K
Market Conditions
NOI Build-Up for 4,254 SF
Gross rent
$61.3K $14.40/SF
− Vacancy
−$4.9K −$1.15/SF
EGI
$56.4K $13.25/SF
− OpEx
−$19.7K −$4.64/SF
NOI
$36.6K $8.61/SF
Area
Ouachita County, LA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,640
Cap Rate 7%
$523,314
Cap Rate 9%
$407,022
Alternative Uses
Best Use
Flex RnD
$523.3K
$457.9K – $610.5K
NOI $36,632 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$358.2K
$313.4K – $417.9K
NOI $25,073 @ 7.0% cap · market cap 4.36%
Theoretical Best
Multifamily LT 5
$45.82M
$40.09M – $53.46M
NOI $3,207,491 @ 7.0% cap · market cap 557.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71203, LA
37,438
Population
17,178
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
118.5 sq mi
ZIP Area
316
Density / Sq Mi
$46,822
Median Household Income
$35,630
Median Earnings
$987
Median Rent
$181,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Partly open interior and extra land allow for customized configuration and outdoor storage.
Where is this flex space located?
The property is located at 7890 Highway 165 Sterlington, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Overhead door for warehouse, shop, or storage use; Partially opened interior can be renovated and built out; Additional land for outdoor storage, laydown, or future expansion
