1516 Keyser Ave Natchitoches, LA 71457-6339
- Industrial properties
- 1.00 lot acres
Current Use by Public Records
- Manning Mini Storage / Automobile Storage Facility / Boat Storage Facility
- U-Haul Neighborhood Dealer / Truck Rental Agency / Trailer Rental Service
Property Details for 1516 Keyser Ave
- Lot size
- 1.00 lot acres
- Property type
- Industrial properties
- APN
- 11517501
- APU
- 11517501
Description
This exceptional self-storage opportunity presents a 73,500-square-foot facility located at 1516 Keyser Ave, Natchitoches, Louisiana, 71457. The property boasts 470 units and offers significant upside potential. Currently priced at $2,640,000, this represents a compelling value at $35.92 per square foot, well below replacement cost. The property features a current NOI of $141,498 and a 5.36% cap rate, but a pro-forma NOI of $258,885 projects a significantly higher 9.81% pro-forma cap rate. This increase is driven by the potential for substantial rent increases
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Natchitoches
- County
- Natchitoches
- State
- Louisiana
- Longitude
- -93.0593
- Latitude
- 31.7539
- CBSA code
- 35060
- CBSA name
- NATCHITOCHES, LA MICROPOLITAN STATISTICAL AREA