Two-Story Mixed-Use
For Sale
$480,000
1204 Williams Blvd, Kenner, LA 70062
Brick commercial property combines showroom and office areas with a separate upstairs apartment.
Property Size2,500 SF
Price / SF$192
Days on Market359
Property Features for 1204 Williams Blvd
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
2
Property subtype
Office
Zoning
C-1
Additional Details
Floor
1
Corner Location
Yes
Amenities
pool
deck
fully equipped kitchen
detached garage
shop space
Building Details
Buildings
2
Stories
2
Construction
brick
Listing Agency:
Stirling New Orleans
(504) 523-4481
Listed By:
Thomas Bryan · License #995691083
(504) 523-4481
Source:
Lacdb.resimplifi
Added: Sep 8, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:27PM
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 Stirling New Orleans
Investment Insights
Based on property information with market context.
This two-story brick mixed-use property combines commercial and residential space within one structure. The first level includes showroom areas at the front, additional office rooms, and a fully equipped kitchen with abundant natural light. A separate apartment occupies the upper floor, while an interior stairwell could be reopened to connect the levels.
The property sits on a corner lot at 1204 Williams Blvd in Kenner, Louisiana, with yard space on both the front and rear. A recreational pool with an adjoining deck is connected to the main building. The site also includes a detached two-car garage with additional shop space. C-1 zoning supports the property's mixed commercial and residential configuration.
The property sits on a corner lot at 1204 Williams Blvd in Kenner, Louisiana, with yard space on both the front and rear. A recreational pool with an adjoining deck is connected to the main building. The site also includes a detached two-car garage with additional shop space. C-1 zoning supports the property's mixed commercial and residential configuration.
Key Highlights
- Two‑story brick building with office, showroom, and apartment areas
- C‑1 zoning in Kenner, Louisiana
- First‑floor showroom and office configuration with fully equipped kitchen
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
$39,514
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
8.23%
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%
$790,280
$790.3K
Cap Rate 7%
$564,486
$564.5K
Cap Rate 9%
$439,044
$439.0K
Market Conditions
NOI Build-Up for 2,500 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
$57.6K $23.04/SF
− Vacancy
−$1.2K −$0.46/SF
EGI
$56.4K $22.58/SF
− OpEx
−$16.9K −$6.77/SF
NOI
$39.5K $15.81/SF
Area
Jefferson County, LA
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
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%
$790,280
Cap Rate 7%
$564,486
Cap Rate 9%
$439,044
Alternative Uses
Best Use
Retail
$564.5K
$493.9K – $658.6K
NOI $39,514 @ 7.0% cap · market cap 8.23%
Second Best
Office B
$495.5K
$433.6K – $578.1K
NOI $34,686 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$659.6K
$577.1K – $769.5K
NOI $46,170 @ 7.0% cap · market cap 9.62%
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?
Mixed-use property - Brick commercial property combines showroom and office areas with a separate upstairs apartment.
Where is this mixed-use property located?
The property is located at 1204 Williams Blvd Kenner, LA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑story brick building with office, showroom, and apartment areas; C‑1 zoning in Kenner, Louisiana; First‑floor showroom and office configuration with fully equipped kitchen
