Office/Warehouse Near
For Sale
$300,000
1240 27th St, Kenner, LA 70062
3,000 SF office/warehouse with value-add potential, convenient location.
Property Size3,000 SF
Price / SF$100
Days on Market208
Property Features for 1240 27th St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Building Details
Building Size
3,000 SF
Listing Agency:
Elifin Realty
Listed By:
Adrien Foley · License #955716500
(504) 352-3783
Source:
Elifinrealty
Added: Mar 26
Changed: Oct 12
Last Checked: Oct 16 at 6:33AM
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 Elifin Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 1240 27th St is a ±3,000 SF office/warehouse facility featuring concrete walls and value-add possibilities. It is suited for a variety of commercial operations needing office space or storage capabilities. The property is located near Louis Armstrong New Orleans International Airport and benefits from easy access to major routes, such as Veterans Blvd and I-10, ensuring convenience for logistics.
Key Highlights
- ±3,000 SF office/warehouse space
- Value‑add possibilities
- Concrete walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,378
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,560
$467.6K
Cap Rate 7%
$333,971
$334.0K
Cap Rate 9%
$259,756
$259.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$28.8K $9.60/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$27.5K $9.17/SF
− OpEx
−$4.1K −$1.38/SF
NOI
$23.4K $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%
$467,560
Cap Rate 7%
$333,971
Cap Rate 9%
$259,756
Alternative Uses
Best Use
Office B
$594.6K
$520.3K – $693.7K
NOI $41,623 @ 7.0% cap · market cap 13.87%
Second Best
Warehouse
$334.0K
$292.2K – $389.6K
NOI $23,378 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$791.5K
$692.6K – $923.4K
NOI $55,404 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Hold My Luggage — 1 Terminal Dr, Kenner, LA 70062
- Extra Space Storage — 2201 W Napoleon Ave, Kenner, LA 70062
- Self-Storage at U-Haul — 2828 Marietta St, Kenner, LA 70062
- Everest Self Storage Facility — 450 31st St, Kenner, LA 70065
- Kenner Self Storage — 420 31st St, Kenner, LA 70065
Frequently Asked Questions
What type of property is this?
Warehouse - 3,000 SF office/warehouse with value-add potential, convenient location.
Where is this warehouse located?
The property is located at 1240 27th St Kenner, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: ±3,000 SF office/warehouse space; Value‑add possibilities; Concrete walls
