Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    124 23Rd St Kenner, LA 70062

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Warehouse with office buildouts in established industrial area.

    Lot size:
    7,200.00 Acres

    Property Features for 124 23Rd St

    General Information

    Standard status
    Active
    Lot size
    7,200.00 Acres

    We can help!

    Listing Contact
    David Trusty
    David Trusty
    Source: Crexi

    Listing Agency: Trusty Commercial Listing Agent: David Trusty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Warehouse with Office Space

    This property, situated in a well-established industrial area near the airport and interstate, features flexible warehouse space complemented by office buildouts. The building encompasses a total area of 1,235 square feet under roof, with dimensions of 35 feet by 61 feet. The first and second floors each offer 544 square feet of office space and a bathroom, measuring 34 feet by 16 feet. The warehouse component provides 1,591 square feet of space and includes two double bay doors. The lot size is 7,200 square feet, with dimensions of 60 feet by 120 feet. The property's accessibility, functionality, and proximity to established businesses make it suitable for logistics, storage, light manufacturing, or service-based operations.
    Location Intelligence

    Current Use by Public Records

    Lobb-Alexis Turf & Tree ... Landscaping

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Thomas Catering, KENNER

    Location Insight

    • Map
    • Local Demand
    City
    Kenner
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.270275
    Latitude
    29.999776

    Nearby Similar for Sale

    • $374,999
      2,890 SF

      Kenner Commercial Buildings For Sale

      Commercial buildings on Williams Blvd, convenient location, great business spot.
      4105-4107 Williams Blvd, Kenner, LA 70065
      View Details
    • New
      $449,900
      4,470 SF

      Kenner Tri-Plex with Private Patios

      Well-maintained townhouse-style triplex in Kenner with private patios.
      2622 Bessemer St, Kenner, LA 70062
      View Details
    • $1,300,000
      7,000 SF

      Prime Commercial Spot on Williams

      Commercial building on Williams Blvd, Kenner, LA, for sale.
      3601 Williams Blvd, Kenner, LA 70065
      View Details
    • $515,000
      4,960 SF

      Kenner 4-Plex Multifamily Investment

      Well-maintained 4-unit property with income potential in Kenner, Louisiana.
      813 Vouray Dr, Kenner, LA 70065
      View Details
    • $1,200,000
      6,572 SF

      Kenner Multifamily Investment Opportunity

      Nine-unit multifamily property in Kenner with strong rental income potential.
      2222 Florida Ave, Kenner, LA 70062
      View Details
    • $1,200,000
      6,572 SF

      Kenner Multifamily Investment Opportunity

      Nine-unit multifamily property in Kenner with strong rental income potential.
      2222 Florida Ave, Kenner, LA 70062
      View Details
    • $5,995,999

      Two-Story Shopping Center in Kenner

      Two-story shopping center with high visibility and ample parking.
      2401 Veterans Memorial Blvd, Kenner, LA 70062
      View Details
    • $1,275,000

      Kenner Office Condominium Offering

      Two office buildings totaling ±14,406 SF on ±25,500 SF lot.
      2002 20Th St, Kenner, LA 70062
      View Details
    • $850,000

      Kenner Self-Storage Investment Opportunity

      Self-storage facility in Kenner, LA with value-add potential.
      1 W Geneva St, Kenner, LA 70062
      View Details
    • $725,000

      Kenner Warehouse Investment Opportunity

      7,850 SF industrial building in Kenner, LA, 100% occupied.
      2416 Connecticut Ave, Kenner, LA 70062
      View Details
    • $125,000
      Pending

      Edgewood Condominium with Fenced Yard

      Two-bedroom condominium with fenced yard, convenient location.
      2463 Idaho Ave, Kenner, LA 70062
      View Details
    • $699,900
      3,420 SF

      Renovated Office Building in Kenner

      Turnkey office building in prime Kenner location.
      3316 Florida Ave, Kenner, LA 70065
      View Details

    FAQs

    What type of property is this?
    Flex space - Warehouse with office buildouts in established industrial area.
    Where is this flex space located?
    The property is located at 124 23Rd St 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: - Located in a well-established industrial area close to the airport and interstate.; - Flexible warehouse space with convenient office buildouts.; - Warehouse with **two double bay doors (1,591 sq ft)**.
    (225) 925-2300
    Request Owner's contact information
    124 23Rd St Kenner, LA 70062
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    124 23Rd St
    Kenner, LA 70062
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 23Rd St Kenner, LA 70062
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Trusty
    David Trusty
    Real Estate License ID: 995692199
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!