Industrial Flex
For Sale
$4,500,000
10308 E Airline Hwy, Saint Rose, LA 70087
M1-zoned facility combining office, warehouse, yard, and operational support areas along Airline Highway.
Property Size30,560 SF
Lot Size3.45 Acres
Price / SF$147.25
Days on Market53
Property Features for 10308 E Airline Hwy
General Information
Standard status
Active
Size
30,560 SF
Lot size
3.45 Acres
Property subtype
Industrial
Zoning
M1
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
22,071 SF
Office Build-Out
8,489 SF
Three-Phase Power
Yes
Amenities
Employee break and support area with kitchen facilities, commercial refrigeration, ice-making equipment
Private second-floor lodging area with bedroom, full kitchen, full bath
Power
Water
Sewer
Natural Gas
Vacant
Building Details
Buildings
1
Building Size
30,560 SF
Listing Agency:
La Maison Luxe Realty Group
Listed By:
Ashton Brumfield
(504) 429-7614
Source:
Lacdb.resimplifi
Added: Sep 2
Changed: Oct 15
Last Checked: Oct 23 at 3:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of La Maison Luxe Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This M1-zoned flex facility includes approximately 30,560 SF on approximately 3.45 acres, with 22,071 SF of warehouse area and 8,489 SF of finished office space across two levels. The building offers multiple work areas, executive offices, conference space, a second-floor lodging area with bedroom, full kitchen, and full bathroom, plus an attached employee support area with kitchen facilities, commercial refrigeration, and an ice maker. Warehouse features include 18–20' eave heights, 3-phase electrical service, 5 overhead loading doors, additional sliding access, fluorescent lighting, and substantial ventilation.
Exterior improvements include an industrial yard surfaced with slag/limestone, concrete parking and drive areas, and approximately 84,341 SF of rear surplus land. The property has direct Airline Highway frontage with access to I-310 and the I-10 corridor, and is near Louis Armstrong New Orleans International Airport. Its configuration supports manufacturing, fabrication, distribution, contractor operations, service businesses, and other commercial or light-industrial uses, subject to applicable requirements.
Exterior improvements include an industrial yard surfaced with slag/limestone, concrete parking and drive areas, and approximately 84,341 SF of rear surplus land. The property has direct Airline Highway frontage with access to I-310 and the I-10 corridor, and is near Louis Armstrong New Orleans International Airport. Its configuration supports manufacturing, fabrication, distribution, contractor operations, service businesses, and other commercial or light-industrial uses, subject to applicable requirements.
Key Highlights
- Approximately 30,560 SF office/warehouse facility on approximately 3.45 acres
- 22,071 SF warehouse plus 8,489 SF of finished office space
- 18–20' warehouse eave heights with 3‑phase electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$245,785
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,915,700
$4.9M
Cap Rate 7%
$3,511,214
$3.5M
Cap Rate 9%
$2,730,944
$2.7M
Market Conditions
NOI Build-Up for 30,560 SF
Gross rent
$304.4K $9.96/SF
− Vacancy
−$15.2K −$0.50/SF
EGI
$289.2K $9.46/SF
− OpEx
−$43.4K −$1.42/SF
NOI
$245.8K $8.04/SF
Area
St. Charles County, LA
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,915,700
Cap Rate 7%
$3,511,214
Cap Rate 9%
$2,730,944
Alternative Uses
Best Use
Warehouse
$3.51M
$3.07M – $4.10M
NOI $245,785 @ 7.0% cap · market cap 5.46%
Second Best
Flex RnD
$3.20M
$2.80M – $3.73M
NOI $224,066 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$8.06M
$7.05M – $9.41M
NOI $564,382 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70087, LA
7,244
Population
2,734
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
580
Density / Sq Mi
$69,107
Median Household Income
$38,337
Median Earnings
$835
Median Rent
$211,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - M1-zoned facility combining office, warehouse, yard, and operational support areas along Airline Highway.
Where is this flex space located?
The property is located at 10308 E Airline Hwy Saint Rose, LA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 30,560 SF office/warehouse facility on approximately 3.45 acres; 22,071 SF warehouse plus 8,489 SF of finished office space; 18–20' warehouse eave heights with 3‑phase electrical service
