Industrial Flex Building with
For Sale
$350,000
96 West 27th Street, Kenner, LA 70062
3,000 SF industrial building with first-floor office and a second-floor living area, fully HVACed, on 15,000 SF land.
Property Size3,000 SF
Lot Size0.34 Acres
Price / SF$116.67
Days on Market49
Property Features for 96 West 27th Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.34 Acres
Property subtype
Industrial
Zoning
L-I
Amenities
office space
full kitchen
full bath
HVAC
washer/dryer hookups
half bath
Building Details
Stories
2
Listing Agency:
Beau Box Commercial Real Estate Baton Rouge
(225) 333-9807
Listed By:
Cade Bogan · License #0995693088
(225) 333-9807
Source:
Beaubox
Added: Jun 25
Changed: Jul 21
Last Checked: Aug 11 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 Beau Box Commercial Real Estate Baton Rouge
Investment Insights
Based on property information with market context.
This industrial flex building offers a mix of work and live space. The first floor includes office space, while the second floor is built out as a living area with a full kitchen and full bath. The building is HVAC throughout and includes washer/dryer hookups and a half bath on the lower level.
Located in Crestview Office & Industrial Park at 96 West 27th Street in Kenner, Louisiana, the property sits on approximately 15,000 square feet of land. It is zoned L-I (Light Industrial).
With the combination of office and residential-style buildout, the layout supports flexible day-to-day use within a light industrial setting.
Located in Crestview Office & Industrial Park at 96 West 27th Street in Kenner, Louisiana, the property sits on approximately 15,000 square feet of land. It is zoned L-I (Light Industrial).
With the combination of office and residential-style buildout, the layout supports flexible day-to-day use within a light industrial setting.
Key Highlights
- 3,000 SF industrial building in Crestview Office & Industrial Park
- Zoned L‑I (Light Industrial) and sits on approximately 15,000 SF of land
- First floor includes office space
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
$21,996
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
6.28%
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%
$439,920
$439.9K
Cap Rate 7%
$314,229
$314.2K
Cap Rate 9%
$244,400
$244.4K
Market Conditions
NOI Build-Up for 3,000 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
$36.0K $12.00/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$33.8K $11.28/SF
− OpEx
−$11.8K −$3.95/SF
NOI
$22.0K $7.33/SF
Area
Jefferson County, LA
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$439,920
Cap Rate 7%
$314,229
Cap Rate 9%
$244,400
Alternative Uses
Best Use
Office B
$594.6K
$520.3K – $693.7K
NOI $41,623 @ 7.0% cap · market cap 11.89%
Second Best
Mixed Use
$565.7K
$495.0K – $660.0K
NOI $39,600 @ 7.0% cap · market cap 11.31%
Theoretical Best
Office A
$791.5K
$692.6K – $923.4K
NOI $55,404 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Deniece's Kitchen & Catering LLC — 2727 Aberdeen St, Kenner, LA 70062
- Kenner Seafood, Market, Restaurant & Catering — 3140 Loyola Dr, Kenner, LA 70065
Frequently Asked Questions
What type of property is this?
Flex space - 3,000 SF industrial building with first-floor office and a second-floor living area, fully HVACed, on 15,000 SF land.
Where is this flex space located?
The property is located at 96 West 27th Street 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: 3,000 SF industrial building in Crestview Office & Industrial Park; Zoned L‑I (Light Industrial) and sits on approximately 15,000 SF of land; First floor includes office space
