Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Four-Story Office Building in Louisiana Title is generated by Realmo AI

    1201 Brashear Ave, Morgan City, LA 70380

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    62,640 SF office building on 4.568 acres for sale.

    Type:Office
    Property size:
    62,640 SF
    Lot size:
    4.57 Acres
    Price / SF:
    $35/SF
    Added:
    Jun 14, 2023
    Days on Market:
    1088
    Last Refresh:
    May 13 at 8:21 pm

    Property Features for 1201 Brashear Ave

    General Information

    Standard status
    Active
    Size
    62,640 SF
    Lot size
    4.57 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Cade Bogan

    Listing agent Cade Bogan License #0995693088

    Listing office Beau Box Commercial Real Estate Baton Rouge

    Listing date Jun 14, 2023

    Source Crexi

    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 Beau Box Commercial Real Estate Baton Rouge

    HighLights

    • Large 62,640 square foot building.
    • Approximately 4.568 acres of land.
    • Strategic corner location at Brashear Avenue and Victor II Boulevard, near Highway 90.
    • Four‑story building suitable for various uses.
    • For sale or lease, offering flexibility.
    • Centrally located relative to Lafayette, Baton Rouge, and New Orleans.

    Overview

    The property at 1201 Brashear Avenue in Morgan City, Louisiana, is a four-story building available for sale. The building encompasses a total of 62,640 square feet and is situated on approximately 4.568 acres, consisting of two parcels of land. It is located at the corner of Brashear Avenue and Victor II Boulevard, positioned just north of Highway 90. Morgan City is located on the bank of the Atchafalaya River, 68 miles southeast of Lafayette, 64 miles south of Baton Rouge, and 86 miles west of New Orleans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Twin Brothers Marine Factory Bayouland Realty Inc Real Estate Agency New York Life ... Insurance Agency American Kie Steel ... Auto Parts Store Kie Commodities & Finance Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morgan City
    County
    St. Mary
    State
    Louisiana
    Longitude
    -91.19799
    Latitude
    29.703397

    Nearby Similar for Sale

    • $599,000
      20,900 SF

      Versatile Industrial Compound in Morgan City

      1.4-acre industrial property with 20,000+ SF of building area.
      1038 Lee Rd, Morgan City, LA 70380
      View Details
    • $695,000
      18,974 SF

      Well-Maintained Commercial Building For Sale

      Two-story commercial building with multiple office suites and parking.
      1020 David Drive, Morgan City, LA 70380
      View Details
    • $1,615,000
      3,037 SF

      Wendy's NNN Investment Opportunity

      High-visibility Wendy's with long-term lease and rent increases.
      7305 Hwy 182 E, Morgan City, LA 70380
      View Details
    • $579,000
      28,000 SF

      Morgan City Industrial Building For Sale

      28,000 SF industrial building with water frontage and cranes.
      9580 Highway 182 E, Morgan City, LA, 70380-6654
      View Details

    FAQs

    What type of property is this?
    Office building - 62,640 SF office building on 4.568 acres for sale.
    Where is this office building located?
    The property is located at 1201 Brashear Ave Morgan City, LA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: Large 62,640 square foot building.; Approximately 4.568 acres of land.; Strategic corner location at Brashear Avenue and Victor II Boulevard, near Highway 90.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cade Bogan
    Real Estate License ID: 0995693088
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1201 Brashear Ave, Morgan City, LA 70380
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!