Warehouse with Office and
For Sale
$575,000
946 Austin Road, Youngsville, LA 70592
COMMERCIAL - Youngsville, LA
Property Size8,940 SF
Lot Size5.78 Acres
Price / SF$64.32
Days on Market384
Property Features for 946 Austin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unzoned
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Off Street
Exterior features
Loading Dock/Grade, OH Door > 20 Ft, Outside Storage, Storage Building
Lot features
Level
Directions
From Chem Metairie Parkway, South on Guillot (LA89), Right on Austin Rd. [Property address is 946; however, due to the large size of the tract, the roadside mailbox shows 936. Please reference 946 when searching or mapping.]
Subdivision
P
Standard status
Active
APN
R1295000
Size
8,940 SF
Lot size
5.78 Acres
Taxes and HOA fees
Tax Description
5.78 AC IN SEC 32 T 11 R 3 E TRACT 1 2013009125 IMP
Legal Description
5.78 AC IN SEC 32 T 11 R 3 E TRACT 1 2013009125 IMP
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile - Ceramic, Concrete
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brittany LeBlanc · License #995709191
(337) 254-2730
Added: Aug 22, 2025
Changed: Aug 4
Last Checked: Sep 9 at 3:06AM
MLS# 2500002829
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property is a multi-building commercial site featuring a modern warehouse with office spaces, along with additional storage buildings and a separate office for day-to-day operations. The overall setup is designed to accommodate a business that needs both working space and room for storage within the same tract.
The site sits on a wide-open parcel in Youngsville, Louisiana. The address is listed as 946 Austin Road, with a note that a roadside mailbox shows 936 due to the large tract; 946 should be referenced when searching or mapping.
The property includes a total building area of 8,940 square feet and is zoned unzoned, providing flexibility for buyers evaluating uses suited to their plans.
The site sits on a wide-open parcel in Youngsville, Louisiana. The address is listed as 946 Austin Road, with a note that a roadside mailbox shows 936 due to the large tract; 946 should be referenced when searching or mapping.
The property includes a total building area of 8,940 square feet and is zoned unzoned, providing flexibility for buyers evaluating uses suited to their plans.
Key Highlights
- Modern warehouse with office space plus additional storage buildings on a wide‑open tract
- Loading dock/grade with OH door over 20 ft
- Central heating and central air conditioning
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
$52,038
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
9.05%
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%
$1,040,760
$1.0M
Cap Rate 7%
$743,400
$743.4K
Cap Rate 9%
$578,200
$578.2K
Market Conditions
NOI Build-Up for 8,940 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
$80.5K $9.00/SF
− Vacancy
−$402 −$0.05/SF
EGI
$80.1K $8.96/SF
− OpEx
−$28.0K −$3.13/SF
NOI
$52.0K $5.82/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,040,760
Cap Rate 7%
$743,400
Cap Rate 9%
$578,200
Alternative Uses
Best Use
Flex RnD
$743.4K
$650.5K – $867.3K
NOI $52,038 @ 7.0% cap · market cap 9.05%
Second Best
Warehouse
$648.1K
$567.1K – $756.1K
NOI $45,366 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $147,961 @ 7.0% cap · market cap 25.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70592, LA
28,975
Population
11,583
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
682
Density / Sq Mi
$93,453
Median Household Income
$53,063
Median Earnings
$1,106
Median Rent
$239,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building warehouse complex with office spaces set on a wide-open tract in Youngsville.
Where is this flex space located?
The property is located at 946 Austin Road Youngsville, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Modern warehouse with office space plus additional storage buildings on a wide‑open tract; Loading dock/grade with OH door over 20 ft; Central heating and central air conditioning
