Flex Space with Loading
For Sale
$1,795,000
1301 Veterans Memorial Blvd, Kenner, LA 70062
Office and warehouse configuration includes multiple private offices, restrooms, and a fenced storage lot.
Property Size13,840 SF
Price / SF$129.70
Days on Market356
Property Features for 1301 Veterans Memorial Blvd
General Information
Standard status
Active
Size
13,840 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
10,000 SF
Office Build-Out
3,840 SF
Drive-In Doors
2
Amenities
lunch room
conference room
kitchen
Building Details
Buildings
1
Stories
2
Building Size
13,840 SF
Listing Agency:
Nola Living Realty
(504) 259-7945
Listed By:
Eric Hernandez · License #995689934
(504) 259-7945
Source:
Lacdb.resimplifi
Added: Sep 12, 2025
Changed: Aug 29
Last Checked: Sep 1 at 3:40PM
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 Nola Living Realty
Investment Insights
Based on property information with market context.
This flex property combines a 10,000-square-foot warehouse with 3,840 square feet of upper-level office space. The warehouse offers high ceilings, a loading dock configured for three containers, and two garage-door entrances along Danville Street. The lower level includes two offices and two full baths, while the upper floor provides 10 offices, a conference room, kitchen, lunch room, two full baths, and two half baths.
The listing includes 1301 Veterans Memorial Blvd and 2744 Lexington Ave, with frontage measuring 120 feet on Veterans Memorial Blvd, 240 feet on Lexington Ave, and 260 feet on Danville Street. A separate 9,600-square-foot vacant fenced lot behind the building is included for equipment and vehicle storage. The property also offers access to the interstate and MSY airport.
The listing includes 1301 Veterans Memorial Blvd and 2744 Lexington Ave, with frontage measuring 120 feet on Veterans Memorial Blvd, 240 feet on Lexington Ave, and 260 feet on Danville Street. A separate 9,600-square-foot vacant fenced lot behind the building is included for equipment and vehicle storage. The property also offers access to the interstate and MSY airport.
Key Highlights
- 10,000‑square‑foot warehouse with high ceilings and loading dock
- 3,840 square feet of upper‑level office space with 10 offices
- Loading dock accommodates three containers; two garage doors open to Danville Street
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
$107,852
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
6.01%
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%
$2,157,040
$2.2M
Cap Rate 7%
$1,540,743
$1.5M
Cap Rate 9%
$1,198,356
$1.2M
Market Conditions
NOI Build-Up for 13,840 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
$132.9K $9.60/SF
− Vacancy
−$6.0K −$0.43/SF
EGI
$126.9K $9.17/SF
− OpEx
−$19.0K −$1.38/SF
NOI
$107.9K $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 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%
$2,157,040
Cap Rate 7%
$1,540,743
Cap Rate 9%
$1,198,356
Alternative Uses
Best Use
Office B
$2.74M
$2.40M – $3.20M
NOI $192,022 @ 7.0% cap · market cap 10.70%
Second Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,852 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$3.65M
$3.19M – $4.26M
NOI $255,597 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Under-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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Thomas Catering — 2716 Indiana Ave, Kenner, LA 70062
- KENNER — 2206 27th St, Kenner, LA 70062
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration includes multiple private offices, restrooms, and a fenced storage lot.
Where is this flex space located?
The property is located at 1301 Veterans Memorial Blvd Kenner, LA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 10,000‑square‑foot warehouse with high ceilings and loading dock; 3,840 square feet of upper‑level office space with 10 offices; Loading dock accommodates three containers; two garage doors open to Danville Street
