Corner Site for Commercial
For Sale
Contact for pricing
Juban Rd. @ Florida Blvd., Denham Springs, LA 70726
Hard corner site suitable for retail, office, or medical development.
Property Size7,000 SF
Lot Size1.17 Acres
Price / SF$109.43
Days on Market2262
Property Features for Juban Rd. @ Florida Blvd.
General Information
Standard status
Active
Size
7,000 SF
Lot size
1.17 Acres
Property subtype
Land
Zoning
NONE (Outside City Limits)
Listing Agency:
Saurage Rotenberg Commercial Real Estate
Listed By:
Carmen Austin, MBA, CCIM, SIOR · License #LA BROK.0912122713-ASA
(225) 328-1778
Source:
Crexi
Added: Jun 25, 2020
Changed: Aug 13
Last Checked: Aug 31 at 8:54PM
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 Saurage Rotenberg Commercial Real Estate
Investment Insights
Based on property information with market context.
A hard corner site is available for commercial development, suitable for a stand-alone retail, office, or medical office user. The site is located at the intersection of Juban Road and Florida Boulevard, approximately 1 mile north of I-12. The site offers access to approximately 51,000 square feet and is suitable for development. Potential uses include a gas station, car wash, oil change facility, or quick-service restaurant. The owner is able to quickly construct a build-to-suit project for a qualified user, with building sizes ranging from 3,500 to approximately 7,000 square feet. A survey is available for review.
Key Highlights
- Hard corner location at the intersection of Juban Rd. and Florida Blvd.
- High‑traffic location ideal for retail, office, or medical office.
- Development‑ready +/- 51,000 SF corner site.
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
$66,953
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
8.74%
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%
$1,339,060
$1.3M
Cap Rate 7%
$956,471
$956.5K
Cap Rate 9%
$743,922
$743.9K
Market Conditions
NOI Build-Up for 7,000 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
$91.6K $13.08/SF
− Vacancy
−$2.3K −$0.33/SF
EGI
$89.3K $12.75/SF
− OpEx
−$22.3K −$3.19/SF
NOI
$67.0K $9.56/SF
Area
Livingston County, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
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%
$1,339,060
Cap Rate 7%
$956,471
Cap Rate 9%
$743,922
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,351 @ 7.0% cap · market cap 15.32%
Second Best
Retail
$1.56M
$1.37M – $1.83M
NOI $109,527 @ 7.0% cap · market cap 14.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
60
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Hard corner site suitable for retail, office, or medical development.
Where is this commercial land located?
The property is located at Juban Rd. @ Florida Blvd. Denham Springs, LA.
What is the asking price?
The asking price for this property is $766,000.
What are key features of this property?
This property features: Hard corner location at the intersection of Juban Rd. and Florida Blvd.; High‑traffic location ideal for retail, office, or medical office.; Development‑ready +/- 51,000 SF corner site.
