Freestanding Flex Space with
For Sale
$670,000
18 Commerce Ct, Jefferson, LA 70123
M-1 Light Industrial zoning accompanies a freestanding office and warehouse building.
Property Size5,000 SF
Price / SF$134
Days on Market84
Property Features for 18 Commerce Ct
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
5
Property subtype
Industrial
Zoning
M-1 Light Industrial Zone
Amenities
Power
Water
Sewer
Natural Gas
Vacant
5 Parking Spaces
Listing Agency:
The Industrial Group, LLC
Listed By:
Trimble Green · License #38278
(504) 832-8012
Source:
Lacdb.resimplifi
Added: Jul 22
Changed: Oct 4
Last Checked: Oct 12 at 4:44PM
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 The Industrial Group, LLC
Investment Insights
Based on property information with market context.
Located at 18 Commerce Ct in Jefferson, Louisiana, this freestanding flex property combines office and warehouse space within a concrete-and-steel building. The property contains approximately 5,000 square feet, including about 800 square feet of office area with a dedicated warehouse office and restroom, plus approximately 4,200 square feet of warehouse space. A yard area is also included.
Warehouse features include 16-foot eaves, HVAC that is currently operable but of unknown condition, and substantial water service. The building is equipped with three-phase, 480-volt power and 800+ amps. M-1 Light Industrial zoning supports the property’s office and warehouse configuration.
Warehouse features include 16-foot eaves, HVAC that is currently operable but of unknown condition, and substantial water service. The building is equipped with three-phase, 480-volt power and 800+ amps. M-1 Light Industrial zoning supports the property’s office and warehouse configuration.
Key Highlights
- Approximately 5,000 SF freestanding office/warehouse with yard area
- Approximately 4,200 SF of warehouse space with 16' eaves
- Approximately 800 SF of office space with dedicated warehouse office and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,990
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,800
$1.1M
Cap Rate 7%
$785,571
$785.6K
Cap Rate 9%
$611,000
$611.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$5.4K −$1.08/SF
EGI
$84.6K $16.92/SF
− OpEx
−$29.6K −$5.92/SF
NOI
$55.0K $11.00/SF
Area
ZIP 70123
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,800
Cap Rate 7%
$785,571
Cap Rate 9%
$611,000
Alternative Uses
Best Use
Flex RnD
$785.6K
$687.4K – $916.5K
NOI $54,990 @ 7.0% cap · market cap 8.21%
Second Best
Warehouse
$576.3K
$504.3K – $672.3K
NOI $40,340 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,786 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70123, LA
27,346
Population
14,297
Households
1.9
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
3,598
Density / Sq Mi
$82,639
Median Household Income
$52,709
Median Earnings
$1,310
Median Rent
$318,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- American Roadshow Catering — 1205 N Al Davis Rd, New Orleans, LA 70123
Frequently Asked Questions
What type of property is this?
Flex space - M-1 Light Industrial zoning accompanies a freestanding office and warehouse building.
Where is this flex space located?
The property is located at 18 Commerce Ct Jefferson, LA.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Approximately 5,000 SF freestanding office/warehouse with yard area; Approximately 4,200 SF of warehouse space with 16' eaves; Approximately 800 SF of office space with dedicated warehouse office and restroom
