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Property profile & analytics
OFF-MARKET
Warehouses

503 Degravelle Rd Morgan City, LA 70380

46,800 SF 15 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a 46,800-square-foot multi-tenant industrial complex situated on a 15-acre lot in Morgan City, Louisiana. The property boasts four buildings, including approximately 6,000 square feet of office space and three warehouses ranging from 10,800 to 22,500 square feet. Seven dock-high doors facilitate efficient loading and unloading. The property is zoned for heavy industrial use and features approximately 800 feet of waterfront access on Bayou Boeuf. The asking price is $3,000,000, translating to $64.10 per square foot. The land value alone is estimated at $200,000 per acre. An additional 8 acres of undeveloped land across the street offers potential for future expansion. This prime location, south of Highway 182 on Degravelle Rd, in St. Mary Parish (zip code 70380), provides excellent access to transportation networks. The property's size, features, and zoning make it ideal for a variety of manufacturing and warehousing operations. The APN is 3524181001.00. This is a rare opportunity to acquire a substantial industrial property with significant waterfront access in a thriving Louisiana market.

Property profile
Verified
Property type Warehouses
Total area 46,800 SF
Lot 15 ac (653,400 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Diamond Services Corporation Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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