Flex Space with Warehouse
For Sale
$925,000
1900 Destrehan Ave, Harvey, LA 70058
Two-building industrial property combines office areas, shop space, warehouse capacity, and IH zoning in Harvey.
Property Size12,137 SF
Lot Size0.76 Acres
Price / SF$76.21
Days on Market516
Property Features for 1900 Destrehan Ave
General Information
Standard status
Active
Size
12,137 SF
Total Parking Spaces
20
Lot size
0.76 Acres
Property subtype
Industrial
Zoning
IH
Warehouse & Industrial
Warehouse Space
5,000 SF
Office Build-Out
5,314 SF
Drive-In Doors
4
Amenities
backup generator
Power
Water
Sewer
20 Parking Spaces
Building Details
Year Built
2006
Buildings
2
Listing Agency:
Don Randon Real Estate Inc
(504) 915-7703
Listed By:
Mike Wolford
(504) 915-7703
Source:
Lacdb.resimplifi
Added: Apr 1, 2025
Changed: Aug 28
Last Checked: Aug 28 at 6:49AM
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 Don Randon Real Estate Inc
Investment Insights
Based on property information with market context.
This flex-space property includes two buildings totaling 12,137 SF on a 32,885 SF parcel. The front building contains two office levels with 2,657 SF per floor, a 1,823 SF shop, and 20-foot eave height. Its shop area has two overhead doors measuring 10' x 10' and 12' x 14'. The 5,000 SF rear warehouse provides four grade-level overhead doors, each measuring 10' x 12'.
Constructed in 2006, the property is zoned IH and includes an 80 KW backup generator. The site is located at 1900 Destrehan Ave in Harvey, Louisiana, providing a combination of office, shop, and warehouse components within one industrial property.
Constructed in 2006, the property is zoned IH and includes an 80 KW backup generator. The site is located at 1900 Destrehan Ave in Harvey, Louisiana, providing a combination of office, shop, and warehouse components within one industrial property.
Key Highlights
- Two‑building flex property totals 12,137 SF
- 32,885 SF land area with 125' x 262.95' dimensions
- Front building includes 2,657 SF per office floor and a 1,823 SF shop
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
$72,640
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
7.85%
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%
$1,452,800
$1.5M
Cap Rate 7%
$1,037,714
$1.0M
Cap Rate 9%
$807,111
$807.1K
Market Conditions
NOI Build-Up for 12,137 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
$109.2K $9.00/SF
− Vacancy
−$5.5K −$0.45/SF
EGI
$103.8K $8.55/SF
− OpEx
−$31.1K −$2.56/SF
NOI
$72.6K $5.98/SF
Area
Jefferson County, LA
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,452,800
Cap Rate 7%
$1,037,714
Cap Rate 9%
$807,111
Alternative Uses
Best Use
Office B
$2.41M
$2.10M – $2.81M
NOI $168,394 @ 7.0% cap · market cap 18.20%
Second Best
Warehouse
$1.35M
$1.18M – $1.58M
NOI $94,581 @ 7.0% cap · market cap 10.22%
Theoretical Best
Office A
$3.20M
$2.80M – $3.74M
NOI $224,146 @ 7.0% cap · market cap 24.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70058, LA
41,377
Population
16,063
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
12.8 sq mi
ZIP Area
3,233
Density / Sq Mi
$58,533
Median Household Income
$34,680
Median Earnings
$1,217
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial property combines office areas, shop space, warehouse capacity, and IH zoning in Harvey.
Where is this flex space located?
The property is located at 1900 Destrehan Ave Harvey, LA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑building flex property totals 12,137 SF; 32,885 SF land area with 125' x 262.95' dimensions; Front building includes 2,657 SF per office floor and a 1,823 SF shop
