Renovated Office Building with Five
For Sale
$350,000
1109 Williams Boulevard, Kenner, LA 70062
C-1-zoned office property with front and rear parking access.
Property Size1,565 SF
Price / SF$223.64
Days on Market115
Property Features for 1109 Williams Boulevard
General Information
Standard status
Active
Size
1,565 SF
Property subtype
Office
Zoning
C-1
Amenities
Power
Water
Sewer
Natural Gas
Listing Agency:
The Alcor Group
Listed By:
Al Oglesby
(504) 887-2800
Source:
Lacdb.resimplifi
Added: May 12
Changed: Aug 30
Last Checked: Sep 2 at 2:08PM
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 The Alcor Group
Investment Insights
Based on property information with market context.
Located at 1109 Williams Boulevard in Kenner, this office property contains approximately 1,565 square feet on an approximately 52 x 142-foot lot. The building was renovated and adapted for office use, with a lobby and waiting area, reception space, five offices, a break and kitchen area, and two restrooms.
The property is currently leased to a driving administration office under a short-term lease. Front and rear parking are available, with access from both sides of the property. The site offers connectivity to surrounding metro areas through I-10 and Airline Drive. Zoning is identified as C-1 and should be verified.
The property is currently leased to a driving administration office under a short-term lease. Front and rear parking are available, with access from both sides of the property. The site offers connectivity to surrounding metro areas through I-10 and Airline Drive. Zoning is identified as C-1 and should be verified.
Key Highlights
- Approximately 1,565 SF office building on an approximately 52 x 142‑foot lot
- Five offices plus lobby, reception area, break/kitchen space, and two restrooms
- Renovated building converted for office use
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
$21,713
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%
$434,260
$434.3K
Cap Rate 7%
$310,186
$310.2K
Cap Rate 9%
$241,256
$241.3K
Market Conditions
NOI Build-Up for 1,565 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
$35.3K $22.56/SF
− Vacancy
−$6.4K −$4.06/SF
EGI
$29.0K $18.50/SF
− OpEx
−$7.2K −$4.62/SF
NOI
$21.7K $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%
$434,260
Cap Rate 7%
$310,186
Cap Rate 9%
$241,256
Alternative Uses
Best Use
Office B
$310.2K
$271.4K – $361.9K
NOI $21,713 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.9K
$361.3K – $481.7K
NOI $28,902 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
660
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?
Office building - C-1-zoned office property with front and rear parking access.
Where is this office building located?
The property is located at 1109 Williams Boulevard Kenner, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,565 SF office building on an approximately 52 x 142‑foot lot; Five offices plus lobby, reception area, break/kitchen space, and two restrooms; Renovated building converted for office use
