Building Details

Year Built 2003

Listing Agency: Compass Westbank (COMP10)

Listed By: Anthony Grosch · License #000037994 Show Phone

Source: Fiorellaavenue

Added: Jul 18 Changed: Oct 12 Last Checked: Oct 7 at 3:27PM

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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 Compass Westbank (COMP10)

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Investment Insights

Based on property information with market context.

This warehouse property includes attached office space and is configured with one full bathroom and one half bathroom. The yard is fully fenced, supporting a range of commercial uses. Recent upgrades include a new roof installed in 2023 and a new steel overhead roll-up door installed in 2025.

The site is a corner-lot location just off the Westbank Expressway and is described as being in an X flood zone.

Designed for practical operations, the property combines warehouse and office areas on a fenced yard site with updated warehouse access via the overhead roll-up door.

Key Highlights

• Warehouse with attached office space and corner‑lot site
• Fully fenced yard on the property
• New roof installed in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,068

Cap Rate

7.38%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$701,360 $701.4K

Cap Rate 7%

$500,971 $501.0K

Cap Rate 9%

$389,644 $389.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$43.2K $9.60/SF

− Vacancy

−$1.9K −$0.43/SF

EGI

$41.3K $9.17/SF

− OpEx

−$6.2K −$1.38/SF

NOI

$35.1K $7.79/SF

Area

Jefferson County, LA

Vacancy

4.50%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$701,360

Cap Rate 7%

$500,971

Cap Rate 9%

$389,644

Alternative Uses

Best Use

Office B

$891.9K

$780.4K – $1.04M (±1% cap)

NOI $62,435 @ 7.0% cap · market cap 13.15%

Second Best

Warehouse

$501.0K

$438.4K – $584.5K (±1% cap)

NOI $35,068 @ 7.0% cap · market cap 7.38%

Theoretical Best

Office A

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,106 @ 7.0% cap · market cap 17.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Hebert-Gattuso Construction Company Construction Company

Suggested Use

Top Pick Real Estate Agency Electrical Service Carpet & Flooring Store Veterinary Clinic Florist (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,821

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70053, LA

16,509

Population

7,865

Households

2.1

Avg Household Size

39

Median Age

24%

College-Educated

75%

High-School Grad

3.4 sq mi

ZIP Area

4,856

Density / Sq Mi

$43,786

Median Household Income

$31,667

Median Earnings

$1,017

Median Rent

$225,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Warehouse with attached office space, fully fenced yard, and recent exterior and door upgrades.

Where is this flex space located?

The property is located at 1107 Milton St Gretna, LA.

What is the asking price?

The asking price for this property is $474,900.

What are key features of this property?

This property features: Warehouse with attached office space and corner‑lot site; Fully fenced yard on the property; New roof installed in 2023