Waterfront Industrial Land For
For Sale
Contact for pricing
503 Degravelle Rd, Morgan City, LA 70380
Waterfront industrial land available for sale.
Property Size46,800 SF
Price / SF$64.10
Days on Market810
Property Features for 503 Degravelle Rd
General Information
Standard status
Active
Size
46,800 SF
Property subtype
Office, Industrial
Zoning
Heavy Industrial
Building Details
Buildings
4
Stories
1
Tenancy
Multi
Listing Agency:
NAI Rampart
Listed By:
Eli Gunesebakan · License #LA 995693810
Source:
Crexi
Added: Jun 17, 2024
Changed: Aug 16
Last Checked: Sep 2 at 11:33PM
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
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
$216,153
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
7.21%
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%
$4,323,060
$4.3M
Cap Rate 7%
$3,087,900
$3.1M
Cap Rate 9%
$2,401,700
$2.4M
Market Conditions
NOI Build-Up for 46,800 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
$325.7K $6.96/SF
− Vacancy
−$16.9K −$0.36/SF
EGI
$308.8K $6.60/SF
− OpEx
−$92.6K −$1.98/SF
NOI
$216.2K $4.62/SF
Area
St. Mary County, LA
Vacancy
5.20%
Lease Rate
$6.96 /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%
$4,323,060
Cap Rate 7%
$3,087,900
Cap Rate 9%
$2,401,700
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70380, LA
21,079
Population
9,739
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
77%
High-School Grad
77.7 sq mi
ZIP Area
271
Density / Sq Mi
$54,504
Median Household Income
$40,731
Median Earnings
$876
Median Rent
$138,300
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?
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
