Waterfront Industrial Land For
503 Degravelle Rd Morgan City, LA 70380
503 Degravelle Rd, Morgan City, LA, 70380
Contact for pricing
For Sale
Contact for pricing
Waterfront industrial land available for sale.
Property Size46,800 SF
Price / SF$64.10
Days on Market765
Property Features for 503 Degravelle Rd
General Information
- Standard status
- Active
- Size
- 46,800 SF
- Property subtype
- Office, Industrial
Listing agency
NAI Rampart
Listed by
Maxwell Grosch · License #SALE.995703660-ACT
Source
Crexi
Added: Jun 17, 2024 Updated: Jul 10 at 11:20AM Checked: Jul 17 at 9:45AM
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 NAI Rampart
Investment Insights
Based on property information with market context.
This property is a waterfront industrial land parcel available for sale. The property encompasses 46,800 square feet and is located on Degravelle Rd in Morgan City, Louisiana.
Key Highlights
- Industrial waterfront property
- For sale
- Additional property details
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $325.7k | $6.96 |
| − Vacancy | −$16.9k | −$0.36 |
| EGI | $308.8k | $6.60 |
| − OpEx | −$92.6k | −$1.98 |
| NOI | $216.2k | $4.62 |
46,800 SF · lease $6.96/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$4.03M
$3.52M – $4.70M
NOI $281,757 @ 7.0% cap · market cap 9.39%
Second Best
Industrial
$3.09M
$2.70M – $3.60M
NOI $216,153 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$7.98M
$6.99M – $9.32M
NOI $558,949 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Diamond Services Corporation
Factory
Similar For Sale Nearby
Similar Off Market Nearby
- Marcell's Amelia Super Storage — 10632 Highway 182, Frontage Rd, Amelia, LA 70340
FAQs
What type of property is this?
Warehouse - Waterfront industrial land available for sale.
Where is this warehouse located?
The property is located at 503 Degravelle Rd Morgan City, LA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Industrial waterfront property; For sale; Additional property details
