Office/Warehouse Flex
For Sale
$825,000
9164 Comar Dr, Walker, LA 70785
Two office/warehouse suites offer combined workspace and warehouse areas with convenient access to major transportation routes.
Property Size6,334 SF
Price / SF$130.25
Days on Market95
Property Features for 9164 Comar Dr
General Information
Standard status
Active
Size
6,334 SF
Building Details
Tenancy
Multi
Listing Agency:
Covington & Associates Real Estate, LLC
Listed By:
Aaron Goolsby · License #0000069174
(225) 571-4149
Source:
Larry.agent225
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 7 at 2:00PM
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
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Investment Insights
Based on property information with market context.
This multi-tenant office/warehouse flex building includes two separate suites. Suite A offers approximately 1,841 square feet of office space and 1,903 square feet of warehouse space, supporting administrative operations alongside warehouse use. Suite B includes approximately 1,001 square feet of office space and 1,589 square feet of warehouse space, providing flexibility for a second tenant or business operation.
The property is located at 9164 Comar Dr. in Walker, LA, with easy access to major transportation routes. Each suite combines office and warehouse areas for commercial activities that require both administrative space and warehouse support.
Shown by appointment only, the building is presented for sale and is suited for owner-occupants and investors seeking a versatile commercial asset with two independent suites.
The property is located at 9164 Comar Dr. in Walker, LA, with easy access to major transportation routes. Each suite combines office and warehouse areas for commercial activities that require both administrative space and warehouse support.
Shown by appointment only, the building is presented for sale and is suited for owner-occupants and investors seeking a versatile commercial asset with two independent suites.
Key Highlights
- Multi‑tenant office/warehouse at 9164 Comar Dr. with two suites
- Suite A: approx. 1,841 SF office and 1,903 SF warehouse
- Suite B: approx. 1,001 SF office and 1,589 SF warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,290
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,800
$1.0M
Cap Rate 7%
$732,714
$732.7K
Cap Rate 9%
$569,889
$569.9K
Market Conditions
NOI Build-Up for 6,334 SF
Gross rent
$61.6K $9.72/SF
− Vacancy
−$1.2K −$0.19/SF
EGI
$60.3K $9.53/SF
− OpEx
−$9.1K −$1.43/SF
NOI
$51.3K $8.10/SF
Area
Livingston 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 Rate 5%
$1,025,800
Cap Rate 7%
$732,714
Cap Rate 9%
$569,889
Alternative Uses
Best Use
Warehouse
$732.7K
$641.1K – $854.8K
NOI $51,290 @ 7.0% cap · market cap 6.22%
Second Best
Industrial
$603.4K
$528.0K – $704.0K
NOI $42,239 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,185 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70785, LA
22,569
Population
8,555
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
93.3 sq mi
ZIP Area
242
Density / Sq Mi
$84,551
Median Household Income
$52,025
Median Earnings
$1,059
Median Rent
$235,100
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
Frequently Asked Questions
What type of property is this?
Flex space - Two office/warehouse suites offer combined workspace and warehouse areas with convenient access to major transportation routes.
Where is this flex space located?
The property is located at 9164 Comar Dr Walker, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Multi‑tenant office/warehouse at 9164 Comar Dr. with two suites; Suite A: approx. 1,841 SF office and 1,903 SF warehouse; Suite B: approx. 1,001 SF office and 1,589 SF warehouse
