Flex Building with Warehouse
For Sale
Contact for pricing
1710 5th Street, Kenner, LA 70062
Special Industrial zoning supports a mixed warehouse, office, and commercial kitchen configuration.
Property Size5,800 SF
Price / SF$112.93
Days on Market9
Property Features for 1710 5th Street
General Information
Standard status
Active
Size
5,800 SF
Total Parking Spaces
7
Property subtype
Industrial
Zoning
SI
Additional Details
Warehouse Space
4,040 SF
Building Details
Year Built
2020
Building Size
5,800 SF
Construction
metal
Listing Agency:
NOLA Living Realty
(504) 468-7979
Listed By:
celso hernandez · License #995689934
Source:
Crexi
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 7 at 8:19AM
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 NOLA Living Realty
Investment Insights
Based on property information with market context.
Completed in 2020, this approximately 5,800-square-foot flex building combines 4,040 square feet of warehouse area with an office, commercial kitchen space, and an upstairs loft. Front and rear bay-door access supports movement through the warehouse, while ductless mini-split systems provide climate control in the main rooms. Seven parking spaces are positioned at the front of the building.
The property is located at 1710 5th Street in Kenner, Louisiana. It carries SI, or Special Industrial, zoning and is identified as being in an X flood zone. The combination of warehouse capacity, office accommodation, kitchen infrastructure, loft area, and flexible access creates a practical multi-use commercial layout.
The property is located at 1710 5th Street in Kenner, Louisiana. It carries SI, or Special Industrial, zoning and is identified as being in an X flood zone. The combination of warehouse capacity, office accommodation, kitchen infrastructure, loft area, and flexible access creates a practical multi-use commercial layout.
Key Highlights
- Approximately 5,800 sq ft metal building constructed in 2020
- 4,040 sq ft of warehouse space
- Front and rear bay doors serve the warehouse
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
$45,198
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
6.90%
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%
$903,960
$904.0K
Cap Rate 7%
$645,686
$645.7K
Cap Rate 9%
$502,200
$502.2K
Market Conditions
NOI Build-Up for 5,800 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
$55.7K $9.60/SF
− Vacancy
−$2.5K −$0.43/SF
EGI
$53.2K $9.17/SF
− OpEx
−$8.0K −$1.38/SF
NOI
$45.2K $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 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%
$903,960
Cap Rate 7%
$645,686
Cap Rate 9%
$502,200
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,220 @ 7.0% cap · market cap 15.00%
Second Best
Office B
$1.15M
$1.01M – $1.34M
NOI $80,472 @ 7.0% cap · market cap 12.29%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,114 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Under-served
Demand for This Use
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.
Similar Off Market Nearby
- Delaware North — 440 Middle Access Rd, Kenner, LA 70062
Frequently Asked Questions
What type of property is this?
Flex space - Special Industrial zoning supports a mixed warehouse, office, and commercial kitchen configuration.
Where is this flex space located?
The property is located at 1710 5th Street Kenner, LA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Approximately 5,800 sq ft metal building constructed in 2020; 4,040 sq ft of warehouse space; Front and rear bay doors serve the warehouse
