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 Market39
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
(504) 832-8012
Listed By:
Trimble Green · License #38278
(504) 832-8012
Source:
Lacdb.resimplifi
Added: Jul 22
Changed: Aug 28
Last Checked: Aug 29 at 5:52AM
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 = 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
$54,990
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
8.21%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
