Light Industrial Live-Work
For Sale
$215,000
1415 LLOYD PRICE Avenue, Kenner, LA 70062
Commercial, Kenner, LA
Property Size961 SF
Lot Size0.17 Acres
Price / SF$223.73
Days on Market137
Property Features for 1415 LLOYD PRICE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Parking features
Carport
Lot features
Regular
Standard status
Active
APN
0920018009
Size
961 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
LOTS 15 16 SQ 31 KENNER
Legal Description
LOTS 15 16 SQ 31 KENNER
Utilities
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Jeffery Frederick · License #995683448
(504) 417-1107
Added: Apr 6
Changed: Aug 20
Last Checked: Aug 20 at 8:06AM
MLS# 2551458
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property combines residential space with functional work/storage features under Light Industrial (LI) zoning. The home offers one bedroom and one bathroom in a flexible layout, including a spacious kitchen, tray ceilings, and a vaulted living area. There is also a separated room that can serve as an office, along with ample interior storage. Outside, the property is built for controlled access and practical use, featuring a tall gated fence, covered rear parking, and a reinforced 6-inch concrete driveway designed to support larger vehicles and equipment.
The site includes dual gated access to the rear yard, which provides additional open space for adaptable use. The exterior setup is further supported by RV hookups, including 50-amp electrical service and water and sewer connections.
For business owners or operators looking for a combined live/work configuration, the property’s office-ready room and dedicated work-oriented exterior improvements may support everyday needs on site. For residential buyers, the home’s interior amenities and flexible rooming can accommodate work-from-home use, while the rear yard and utilities offer added utility beyond a typical single-family setup. The LI zoning may provide additional flexibility for certain business and storage-oriented activities, subject to applicable rules.
The site includes dual gated access to the rear yard, which provides additional open space for adaptable use. The exterior setup is further supported by RV hookups, including 50-amp electrical service and water and sewer connections.
For business owners or operators looking for a combined live/work configuration, the property’s office-ready room and dedicated work-oriented exterior improvements may support everyday needs on site. For residential buyers, the home’s interior amenities and flexible rooming can accommodate work-from-home use, while the rear yard and utilities offer added utility beyond a typical single-family setup. The LI zoning may provide additional flexibility for certain business and storage-oriented activities, subject to applicable rules.
Key Highlights
- Light Industrial Zoning: Allows for residential, office, or live/work use, providing unmatched flexibility.
- RV Hookups: Includes 50‑amp electrical service, water, and sewer connections, adding significant utility.
- Reinforced Concrete Driveway & Gated Access: Designed for larger vehicles and equipment with dual gated access to the rear yard.
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
$13,333
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
6.20%
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%
$266,660
$266.7K
Cap Rate 7%
$190,471
$190.5K
Cap Rate 9%
$148,144
$148.1K
Market Conditions
NOI Build-Up for 961 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
$21.7K $22.56/SF
− Vacancy
−$3.9K −$4.06/SF
EGI
$17.8K $18.50/SF
− OpEx
−$4.4K −$4.62/SF
NOI
$13.3K $13.87/SF
Area
Jefferson County, LA
Vacancy
18.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
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%
$266,660
Cap Rate 7%
$190,471
Cap Rate 9%
$148,144
Alternative Uses
Best Use
Office B
$190.5K
$166.7K – $222.2K
NOI $13,333 @ 7.0% cap · market cap 6.20%
Second Best
Mixed Use
$181.2K
$158.6K – $211.4K
NOI $12,685 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$253.5K
$221.9K – $295.8K
NOI $17,748 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Live-work space - A light industrial-zoned home with gated access, covered rear parking, and setup for RV use.
Where is this live-work space located?
The property is located at 1415 LLOYD PRICE Avenue Kenner, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Light Industrial Zoning: Allows for residential, office, or live/work use, providing unmatched flexibility.; RV Hookups: Includes 50‑amp electrical service, water, and sewer connections, adding significant utility.; Reinforced Concrete Driveway & Gated Access: Designed for larger vehicles and equipment with dual gated access to the rear yard.
