Flexible Warehouse With Private
For Sale
$995,000
B-9775 Lockhart Rd, Denham Springs, LA 70726
Adaptable commercial building with open-span space, offices, restrooms, a kitchen area, and paved parking.
Property Size10,000 SF
Price / SF$99.50
Days on Market58
Property Features for B-9775 Lockhart Rd
General Information
Standard status
Active
Size
10,000 SF
Additional Details
Clear Span
Yes
Building Details
Buildings
1
Listing Agency:
ACG Realty
(225) 993-0827
Listed By:
Alvin Cain · License #995701973
(225) 993-0827
Source:
Exprealty
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 29 at 7:21PM
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 10,000-square-foot flex property combines a large open-span warehouse area with multiple enclosed offices or classrooms. The interior also includes restrooms, a kitchen or break area, and separate entry points that support distinct operating zones. The configuration can accommodate continued office, training, educational, worship, or event-related use, subject to applicable approvals.
Located on Lockhart Road in Denham Springs, the property includes paved parking and a layout suited to immediate occupancy or interior reconfiguration. Its prior use as a school, church, and athletic training and batting facility provides context for the range of spaces already incorporated into the building.
Located on Lockhart Road in Denham Springs, the property includes paved parking and a layout suited to immediate occupancy or interior reconfiguration. Its prior use as a school, church, and athletic training and batting facility provides context for the range of spaces already incorporated into the building.
Key Highlights
- 10,000‑square‑foot flex property
- Open‑span warehouse area suited to large‑format operations or custom buildout
- Multiple private offices or classrooms
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
Office B
$1.37M
$1.20M – $1.59M
NOI $95,648 @ 7.0% cap · market cap 9.61%
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
36
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 Office 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 - Adaptable commercial building with open-span space, offices, restrooms, a kitchen area, and paved parking.
Where is this flex space located?
The property is located at B-9775 Lockhart Rd 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: 10,000‑square‑foot flex property; Open‑span warehouse area suited to large‑format operations or custom buildout; Multiple private offices or classrooms
