Light Industrial Live-Work
For Sale
$215,000
1415 LLOYD PRICE Avenue, Kenner, LA 70062
Commercial, Kenner, LA
Property Size961 SF
Lot Size0.17 Acres
Price / SF$223.73
Days on Market153
Property Features for 1415 LLOYD PRICE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Parking features
Carport
Lot features
Regular
Standard status
Active
APN
0920018009
Size
961 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
LOTS 15 16 SQ 31 KENNER
Legal Description
LOTS 15 16 SQ 31 KENNER
Utilities
Water source
Public
Amenities
spacious kitchen
tray ceilings
vaulted living area
separated room for office
ample interior storage
tall gated fence
covered rear parking
reinforced concrete driveway
dual gated access
additional open space
RV hookups (50-amp electrical, water, sewer)
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Jeffery Frederick · License #995683448
(504) 417-1107
Added: Apr 6
Changed: Aug 20
Last Checked: Sep 5 at 7:06PM
MLS# 2551458
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 961-square-foot property offers a one-bedroom, one-bath configuration with a kitchen, vaulted living area, tray ceilings, a separate office room, and interior storage. The layout supports a live-work arrangement within a building zoned LI, or Light Industrial. Built in 1960, the property includes a carport, covered rear parking, and a 6-inch reinforced concrete driveway suited to larger vehicles and equipment.
A tall gated fence and dual gated access provide controlled entry to the rear yard and its additional open area. RV connections include 50-amp electrical service, water, and sewer hookups. Public water serves the property at 1415 LLOYD PRICE Avenue in Kenner, Louisiana 70062.
A tall gated fence and dual gated access provide controlled entry to the rear yard and its additional open area. RV connections include 50-amp electrical service, water, and sewer hookups. Public water serves the property at 1415 LLOYD PRICE Avenue in Kenner, Louisiana 70062.
Key Highlights
- 961‑square‑foot, 1‑bedroom, 1‑bath live‑work property
- LI zoning supports the listed Light Industrial classification
- Separate office room, vaulted living area, tray ceilings, and interior storage
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
$13,333
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
6.20%
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%
$266,660
$266.7K
Cap Rate 7%
$190,471
$190.5K
Cap Rate 9%
$148,144
$148.1K
Market Conditions
NOI Build-Up for 961 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
$21.7K $22.56/SF
− Vacancy
−$3.9K −$4.06/SF
EGI
$17.8K $18.50/SF
− OpEx
−$4.4K −$4.62/SF
NOI
$13.3K $13.87/SF
Area
Jefferson County, LA
Vacancy
18.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
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%
$266,660
Cap Rate 7%
$190,471
Cap Rate 9%
$148,144
Alternative Uses
Best Use
Office B
$190.5K
$166.7K – $222.2K
NOI $13,333 @ 7.0% cap · market cap 6.20%
Second Best
Mixed Use
$181.2K
$158.6K – $211.4K
NOI $12,685 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$253.5K
$221.9K – $295.8K
NOI $17,748 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 70062, LA
16,627
Population
6,679
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
7.1 sq mi
ZIP Area
2,342
Density / Sq Mi
$55,293
Median Household Income
$33,499
Median Earnings
$1,150
Median Rent
$197,500
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?
Live-work space - One-bedroom layout combines household features with a dedicated office and secured vehicle access.
Where is this live-work space located?
The property is located at 1415 LLOYD PRICE Avenue Kenner, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 961‑square‑foot, 1‑bedroom, 1‑bath live‑work property; LI zoning supports the listed Light Industrial classification; Separate office room, vaulted living area, tray ceilings, and interior storage
