Flexible Commercial Space with Open-Span
New
For Sale
$995,000
9775 Lockhart Rd #b, Denham Springs, LA 70726
Layout includes private rooms, restrooms, a kitchen area, and separate entry points.
Property Size10,000 SF
Price / SF$99.50
Days on Market2
Property Features for 9775 Lockhart Rd #b
General Information
Standard status
Active
Size
10,000 SF
Additional Details
Clear Span
Yes
Amenities
kitchen/break area
Listing Agency:
ACG Realty
Listed By:
Alvin Cain · License #995701973
(225) 993-0827
Source:
Smithsquared
Added: Sep 9
Last Checked: Sep 9 at 3:48PM
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 ACG Realty
Investment Insights
Based on property information with market context.
This flex-space property on Lockhart Road combines a large open-span area with several enclosed rooms that can support office, classroom, training, or other commercial functions. The building also includes restrooms, a kitchen and break area, and separate entrances that provide operational flexibility. Its prior uses included education, worship, and athletic training.
Located at 9775 Lockhart Rd #b in Denham Springs, the property includes paved parking and direct road access. The existing configuration provides a foundation for continued occupancy, reworking, or a customized commercial layout.
Located at 9775 Lockhart Rd #b in Denham Springs, the property includes paved parking and direct road access. The existing configuration provides a foundation for continued occupancy, reworking, or a customized commercial layout.
Key Highlights
- Open‑span warehouse/flex area suited to large gatherings, training, or custom buildout
- Multiple private offices and classrooms within the existing layout
- Restrooms plus kitchen and break‑area space
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
$80,976
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
8.14%
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%
$1,619,520
$1.6M
Cap Rate 7%
$1,156,800
$1.2M
Cap Rate 9%
$899,733
$899.7K
Market Conditions
NOI Build-Up for 10,000 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
$97.2K $9.72/SF
− Vacancy
−$1.9K −$0.19/SF
EGI
$95.3K $9.53/SF
− OpEx
−$14.3K −$1.43/SF
NOI
$81.0K $8.10/SF
Area
Livingston County, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
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%
$1,619,520
Cap Rate 7%
$1,156,800
Cap Rate 9%
$899,733
Alternative Uses
Best Use
Mixed Use
$1.34M
$1.17M – $1.56M
NOI $93,600 @ 7.0% cap · market cap 9.41%
Second Best
Warehouse
$1.16M
$1.01M – $1.35M
NOI $80,976 @ 7.0% cap · market cap 8.14%
Theoretical Best
Specialty Retail
$2.39M
$2.10M – $2.79M
NOI $167,644 @ 7.0% cap · market cap 16.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Layout includes private rooms, restrooms, a kitchen area, and separate entry points.
Where is this flex space located?
The property is located at 9775 Lockhart Rd #b Denham Springs, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Open‑span warehouse/flex area suited to large gatherings, training, or custom buildout; Multiple private offices and classrooms within the existing layout; Restrooms plus kitchen and break‑area space
