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Property profile & analytics
OFF-MARKET Estimated value $890,000
Commercial real estate

142 Tortorice Ln Independence, LA 70443-2372

6,640 SF 7.65 ac lot Built 2013
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US36-0876791
Property summary
AI-generated overview

This exceptional 8,800 square foot warehouse in Independence, Louisiana presents a unique investment opportunity. Built in 2013, the property sits on a generous 7.65-acre lot (APN: 2605503.000000000000000) and offers a versatile layout ideal for cold storage distribution. The building features 2,640 square feet of cold storage, 2,640 square feet of freezer space, and 3,020 square feet of dry storage, complemented by 500 square feet of office space. Efficient loading and unloading are facilitated by three dock-high doors and one ground-level door. The property boasts a significant advantage with a 40,000 square foot fenced and paved yard, providing ample space for maneuvering and storage. Furthermore, 17 exterior electrical conduits are in place for convenient connection of reefer trucks. This NNN-leased, single-tenancy property is offered at $1,200,000 ($147.73 per square foot). Located at 142 Tortorice Ln, Independence, LA 70443, this property offers a compelling combination of functionality, space, and strategic location within Tangipahoa Parish. The property's features make it well-suited for a variety of cold storage and distribution businesses.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2013
Total area 6,640 SF
Lot 7.65 ac (333,234 SF)
APN 2605503
UPID US36-0876791
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$979k
Blend (final) Blend
$890k
Owner & transaction history
Xi Huang · 4 yrs held
Xi Huang
since 2022
Last sale
$1.0M
4 recorded transactions
2022
$1.0M
2020
$838,133
2009
Price N/A
2007
$157,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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