Building Details

Year built 1980

Floors in Building 1

Building materials Metal Siding

Buildings 1

Listing Agency: Homesmart Realty South - Metairie · HomeSmart International v***@hsrealtysouth.com Show Phone

Listed By: Daniel J Trosclair · License #000004986 Show Phone

Added: Oct 17 Changed: Oct 23 Last Checked: Oct 23 at 3:06PM

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MLS# 2582367

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 3,025-square-foot flex property combines office and warehouse space in a metal-sided building constructed in 1980. The office area has three offices, an entrance foyer, a kitchen, a common room, and central HVAC. The warehouse is insulated and has a 12 ft overhead loading door, with a half bath in each area.

The site includes concrete outdoor space and is enclosed by chain-link fencing with an automatic gate. M-3 zoning applies, and public water, public sewer, and natural gas availability are noted.

Key Highlights

• 3,025 square feet of flex space
• M‑3 zoning
• Three offices, entrance foyer, kitchen, common room, and central HVAC

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,105

Cap Rate

8.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,100 $362.1K

Cap Rate 7%

$258,643 $258.6K

Cap Rate 9%

$201,167 $201.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,025 SF

Gross rent

$27.2K $9.00/SF

− Vacancy

−$1.4K −$0.45/SF

EGI

$25.9K $8.55/SF

− OpEx

−$7.8K −$2.56/SF

NOI

$18.1K $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 Rate 5%

$362,100

Cap Rate 7%

$258,643

Cap Rate 9%

$201,167

Alternative Uses

Best Use

Warehouse

$336.8K

$294.7K – $392.9K (±1% cap)

NOI $23,573 @ 7.0% cap · market cap 10.48%

Second Best

Flex RnD

$316.8K

$277.2K – $369.7K (±1% cap)

NOI $22,179 @ 7.0% cap · market cap 9.86%

Theoretical Best

Office A

$798.1K

$698.3K – $931.1K (±1% cap)

NOI $55,866 @ 7.0% cap · market cap 24.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Adams Land & Marine Professional Services

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70072, LA

56,924

Population

22,845

Households

2.5

Avg Household Size

39

Median Age

16%

College-Educated

80%

High-School Grad

51.8 sq mi

ZIP Area

1,099

Density / Sq Mi

$55,866

Median Household Income

$34,411

Median Earnings

$1,091

Median Rent

$190,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse areas are served by central HVAC and include a kitchen and two half baths.

Where is this flex space located?

The property is located at 141 MAXWELL Lane Marrero, LA.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: 3,025 square feet of flex space; M‑3 zoning; Three offices, entrance foyer, kitchen, common room, and central HVAC