Self Storage Facility with Updated
For Sale
$495,000
8350 Florida Blvd, Denham Springs, LA 70726
Permitted self storage facility on a fenced yard with an updated roof and site utilities in place.
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$123.75
Days on Market221
Property Features for 8350 Florida Blvd
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.00 Acre
Property subtype
Industrial
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
automatic gate
lighting
security cameras
storage shed
covered storage areas
Power
Water
Sewer
Building Details
Year Renovated
2025
Building Size
4,000 SF
Listing Agency:
Gaspard & Co Real Estate LLC
Listed By:
Patrick Dupree · License #995688971
(225) 892-1509
Source:
Lacdb.resimplifi
Added: Feb 10
Changed: Sep 11
Last Checked: Sep 19 at 6:06AM
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 Gaspard & Co Real Estate LLC
Investment Insights
Based on property information with market context.
A permitted self storage facility featuring a 4,000 SF building with 4,500 SF under roof on a +/- 1 acre stabilized lot. The facility is currently configured for self storage, and the former office/warehouse building was gutted with one wall removed to accommodate the storage use. The property could potentially be returned to an office/warehouse or other indoor use.
The building is located on Florida Blvd (US HWY 190) at Juban Rd. (LA HWY 1026), with the property positioned very close to Interstate 12 and Juban Crossing, along with nearby new residential development. Site improvements include fencing with an automatic gate, lighting, and security cameras, plus a small storage shed.
Additional covered storage areas in the rear portion of the lot could be permitted to replace former structures (see survey). Water, sewer, and electrical are on site, supporting a range of storage and light commercial uses.
The building is located on Florida Blvd (US HWY 190) at Juban Rd. (LA HWY 1026), with the property positioned very close to Interstate 12 and Juban Crossing, along with nearby new residential development. Site improvements include fencing with an automatic gate, lighting, and security cameras, plus a small storage shed.
Additional covered storage areas in the rear portion of the lot could be permitted to replace former structures (see survey). Water, sewer, and electrical are on site, supporting a range of storage and light commercial uses.
Key Highlights
- 4,000 SF building with 4,500 SF under roof
- +/- 1 acre stabilized lot for self storage use
- Located on Florida Blvd (US HWY 190) at Juban Rd. (LA HWY 1026)
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
$38,304
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
7.74%
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%
$766,080
$766.1K
Cap Rate 7%
$547,200
$547.2K
Cap Rate 9%
$425,600
$425.6K
Market Conditions
NOI Build-Up for 4,000 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
$57.6K $14.40/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$54.7K $13.68/SF
− OpEx
−$16.4K −$4.10/SF
NOI
$38.3K $9.58/SF
Area
Livingston County, LA
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$766,080
Cap Rate 7%
$547,200
Cap Rate 9%
$425,600
Alternative Uses
Best Use
Self Storage
$547.2K
$478.8K – $638.4K
NOI $38,304 @ 7.0% cap · market cap 7.74%
Second Best
Warehouse
$462.7K
$404.9K – $539.8K
NOI $32,390 @ 7.0% cap · market cap 6.54%
Theoretical Best
Specialty Retail
$958.0K
$838.2K – $1.12M
NOI $67,057 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Self storage facility - Permitted self storage facility on a fenced yard with an updated roof and site utilities in place.
Where is this self storage facility located?
The property is located at 8350 Florida Blvd Denham Springs, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 4,000 SF building with 4,500 SF under roof; +/- 1 acre stabilized lot for self storage use; Located on Florida Blvd (US HWY 190) at Juban Rd. (LA HWY 1026)
