Warehouse with Gated Yard
For Sale
Contact for pricing
1313 S Rendon St, New Orleans, LA 70125
9,720-SF property with warehouse and gated yard in New Orleans.
Property Size2,520 SF
Lot Size0.15 Acres
Price / SF$136.90
Days on Market182
Property Features for 1313 S Rendon St
General Information
Standard status
Active
Size
2,520 SF
Lot size
0.15 Acres
Property subtype
Industrial
Zoning
C-!
Building Details
Buildings
1
Listing Agency:
Corporate Realty
(504) 581-5005
Listed By:
William Sadler · License #LA SALE.0995692597-ACT
Source:
Crexi
Added: Feb 11
Changed: Aug 11
Last Checked: Aug 11 at 3:25PM
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 Corporate Realty
Investment Insights
Based on property information with market context.
This 9,720-sf property includes a conditioned warehouse building and a gated yard. The property is centrally located in New Orleans, one block from Washington Avenue and the Earhart Expressway, providing access to I-10 and major city corridors. The 2,520-sf building features improved interior space suitable for industrial, service, or contractor uses. The 6,480-sf gated laydown yard is hard-packed with crushed limestone and provides outdoor storage or parking. This property offers an opportunity for an owner-user seeking a functional warehouse with secured yard space in a supply-constrained submarket. The property is located in a flood zone.
Key Highlights
- Large, secured 6,480‑sf gated laydown yard with crushed limestone.
- Centrally located in New Orleans, one block from Washington Avenue and Earhart Expressway, with quick access to I‑10.
- 2,520‑sf conditioned warehouse building with improved interior 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
$18,410
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
5.34%
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%
$368,200
$368.2K
Cap Rate 7%
$263,000
$263.0K
Cap Rate 9%
$204,556
$204.6K
Market Conditions
NOI Build-Up for 2,520 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
$22.7K $9.00/SF
− Vacancy
−$1.0K −$0.41/SF
EGI
$21.7K $8.59/SF
− OpEx
−$3.2K −$1.29/SF
NOI
$18.4K $7.31/SF
Area
New Orleans, LA
Vacancy
4.50%
Lease Rate
$9.00 /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%
$368,200
Cap Rate 7%
$263,000
Cap Rate 9%
$204,556
Alternative Uses
Best Use
Warehouse
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap · market cap 5.34%
Second Best
Industrial
$229.8K
$201.1K – $268.1K
NOI $16,088 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$640.5K
$560.4K – $747.3K
NOI $44,835 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 9,720-SF property with warehouse and gated yard in New Orleans.
Where is this warehouse located?
The property is located at 1313 S Rendon St New Orleans, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Large, secured 6,480‑sf gated laydown yard with crushed limestone.; Centrally located in New Orleans, one block from Washington Avenue and Earhart Expressway, with quick access to I‑10.; 2,520‑sf conditioned warehouse building with improved interior space.
