153 Maxwell Ln, Marrero, LA 70072

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

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

Source: Exprealty

Added: Oct 17 Changed: Nov 3 Last Checked: Nov 6 at 1:10PM

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Investment Insights

Based on property information with market context.

This 2,898-square-foot flex property combines warehouse space with 999 square feet of office area served by central air and heat. The interior also contains several offices, storage rooms, and a half bath. Two 12-foot metal overhead doors provide loading access.

The corner-lot property fronts River Road, with current access from Maxwell Lane. A chain-link fence encloses the site, which includes approximately 10,000 square feet of concrete-paved parking, driveway, and yard area.

Key Highlights

• 2,898‑square‑foot flex building with 999 square feet of office space
• Two 12‑foot metal overhead loading doors
• Multiple offices, storage rooms, and an interior half bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,584

Cap Rate

8.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$451,680 $451.7K

Cap Rate 7%

$322,629 $322.6K

Cap Rate 9%

$250,933 $250.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,898 SF

Gross rent

$27.8K $9.60/SF

− Vacancy

−$1.3K −$0.43/SF

EGI

$26.6K $9.17/SF

− OpEx

−$4.0K −$1.38/SF

NOI

$22.6K $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 Rate 5%

$451,680

Cap Rate 7%

$322,629

Cap Rate 9%

$250,933

Alternative Uses

Best Use

Warehouse

$322.6K

$282.3K – $376.4K (±1% cap)

NOI $22,584 @ 7.0% cap · market cap 8.69%

Second Best

Flex RnD

$303.5K

$265.6K – $354.1K (±1% cap)

NOI $21,248 @ 7.0% cap · market cap 8.17%

Theoretical Best

Office A

$764.6K

$669.0K – $892.0K (±1% cap)

NOI $53,520 @ 7.0% cap · market cap 20.58%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

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

Yes

Fenced yard

Yes

Paved road access

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

Average Price Trend$/SF for Flex space in Jefferson County, LA

$138 Jul

$120 Aug

$137 Sep

$140 Oct

Properties on Market for Flex space in Jefferson County

Jul

Aug

Sep

Oct

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 areas, storage rooms, and fenced outdoor space support a mix of work and storage functions.

Where is this flex space located?

The property is located at 153 Maxwell Ln Marrero, LA.

What is the asking price?

The asking price for this property is $260,000.

What are key features of this property?

This property features: 2,898‑square‑foot flex building with 999 square feet of office space; Two 12‑foot metal overhead loading doors; Multiple offices, storage rooms, and an interior half bath