Multi-Building Flex
For Sale
$436,000
2005-09 BARCELONA Drive, Chalmette, LA 70043
COMMERCIAL - Chalmette, LA
Property Size1,721 SF
Lot Size2.00 Acres
Price / SF$253.34
Days on Market179
Property Features for 2005-09 BARCELONA Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking features
Off Street, Garage
Lot features
Regular
Standard status
Active
APN
700432005BARCELONADR8
Size
1,721 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
PTN.GR. MEAS.95' FR.ON ST.BERN.HWY., DEP.800'-LOT 8- CORINNE PLANT
Legal Description
PTN.GR. MEAS.95' FR.ON ST.BERN.HWY., DEP.800'-LOT 8- CORINNE PLANT
Utilities
Water source
Public
Building Details
Year built
1985
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Miller · License #995687438
(504) 250-0059
Added: Mar 3
Changed: Aug 4
Last Checked: Aug 29 at 12:06AM
MLS# 2547154
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 multi-building commercial property includes a 6,471-square-foot warehouse and a separate residential structure. The warehouse has a large covered carport area that can support storage and day-to-day operations. The second building is a 2-bedroom, 1-bath house with a dedicated office and a 1-car garage. Per the remarks, the home was previously configured as a 3-bedroom, 2-bath layout, which could potentially be converted back depending on the buyer’s plans.
The property is zoned C-1 and is located in Chalmette at adjacent addresses, 2005 and 2009 Barcelona Drive, with easy access to major roadways for business operations and commuting.
The property is zoned C-1 and is located in Chalmette at adjacent addresses, 2005 and 2009 Barcelona Drive, with easy access to major roadways for business operations and commuting.
Key Highlights
- 1985‑built multi‑use commercial property in Chalmette with two buildings at 2005 & 2009 Barcelona Rd.
- 6,471 sq ft warehouse with a large covered carport area for storage, operations, or equipment use.
- Second structure is a 2‑bedroom, 1‑bath house with a dedicated office, suitable for office space or living/working setup.
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
$23,878
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
5.48%
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%
$477,560
$477.6K
Cap Rate 7%
$341,114
$341.1K
Cap Rate 9%
$265,311
$265.3K
Market Conditions
NOI Build-Up for 1,721 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
$38.8K $22.56/SF
− Vacancy
−$7.0K −$4.06/SF
EGI
$31.8K $18.50/SF
− OpEx
−$8.0K −$4.62/SF
NOI
$23.9K $13.87/SF
Area
St. Bernard 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%
$477,560
Cap Rate 7%
$341,114
Cap Rate 9%
$265,311
Alternative Uses
Best Use
Office B
$341.1K
$298.5K – $398.0K
NOI $23,878 @ 7.0% cap · market cap 5.48%
Second Best
Mixed Use
$324.5K
$284.0K – $378.6K
NOI $22,717 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$454.0K
$397.3K – $529.7K
NOI $31,783 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
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 - Property includes a warehouse with covered carport plus an on-site 2-bedroom, 1-bath house with dedicated office.
Where is this flex space located?
The property is located at 2005-09 BARCELONA Drive Chalmette, LA.
What is the asking price?
The asking price for this property is $436,000.
What are key features of this property?
This property features: 1985‑built multi‑use commercial property in Chalmette with two buildings at 2005 & 2009 Barcelona Rd.; 6,471 sq ft warehouse with a large covered carport area for storage, operations, or equipment use.; Second structure is a 2‑bedroom, 1‑bath house with a dedicated office, suitable for office space or living/working setup.
