Flex Space Office Warehouse with Roll-Up
For Sale
Contact for pricing
187 Grefer Lane, Harvey, LA 70058
Flex space office warehouse in Rathborne Business Park with reception, private offices, and a roll-up door.
Property Size5,250 SF
Price / SF$0.00
Days on Market139
Property Features for 187 Grefer Lane
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Industrial
Lease Term
$7.00 SF/yr (NNN)
Additional Details
Clear Height
18.5 ft
Properties For Sale
at 187 Grefer Lane
187 Grefer Lane
Size
5,250 SF
Term
Negotiable
Listing Agency:
Elifin Realty
Listed By:
Adrien Foley · License #955716500
(504) 352-3783
Source:
Elifinrealty
Added: Jun 2
Changed: Oct 12
Last Checked: Oct 16 at 7:53AM
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 Elifin Realty
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Investment Insights
Based on property information with market context.
Located in the Rathborne Business Park, 187 Grefer Ln is a flex space office warehouse totaling 5,250 SF. The interior includes a reception area, four private offices, and a restroom, designed to support both office use and light warehouse operations.
The warehouse portion features an 18.5’ clear height and a 12’ roll-up door for practical loading and access. Neighboring exterior space is also available, offering additional outdoor flexibility for users who need space beyond the enclosed area.
The property is available on an NNN lease type, aligning operating expenses with the tenant’s lease structure.
The warehouse portion features an 18.5’ clear height and a 12’ roll-up door for practical loading and access. Neighboring exterior space is also available, offering additional outdoor flexibility for users who need space beyond the enclosed area.
The property is available on an NNN lease type, aligning operating expenses with the tenant’s lease structure.
Key Highlights
- 5,250 SF flex space office warehouse in Rathborne Business Park
- Reception area plus four private offices
- 18.5’ clear height for warehouse storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,421
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,420
$628.4K
Cap Rate 7%
$448,871
$448.9K
Cap Rate 9%
$349,122
$349.1K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$47.3K $9.00/SF
− Vacancy
−$2.4K −$0.45/SF
EGI
$44.9K $8.55/SF
− OpEx
−$13.5K −$2.56/SF
NOI
$31.4K $5.98/SF
Area
Jefferson County, LA
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,420
Cap Rate 7%
$448,871
Cap Rate 9%
$349,122
Alternative Uses
Best Use
Warehouse
$584.5K
$511.4K – $681.9K
NOI $40,912 @ 7.0% cap · market cap 584,457.14%
Second Best
Flex RnD
$549.9K
$481.2K – $641.6K
NOI $38,493 @ 7.0% cap · market cap 549,900.00%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,957 @ 7.0% cap · market cap 1,385,100.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70058, LA
41,377
Population
16,063
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
12.8 sq mi
ZIP Area
3,233
Density / Sq Mi
$58,533
Median Household Income
$34,680
Median Earnings
$1,217
Median Rent
$195,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- SABRINA'S PALACE LLC — 602 5th Ave, Harvey, LA 70058
- Elliott's New Orleans Catering Co. — 3259 Chippewa St, New Orleans, LA 70115
Frequently Asked Questions
What type of property is this?
Flex space - Flex space office warehouse in Rathborne Business Park with reception, private offices, and a roll-up door.
Where is this flex space located?
The property is located at 187 Grefer Lane Harvey, LA.
What are key features of this property?
This property features: 5,250 SF flex space office warehouse in Rathborne Business Park; Reception area plus four private offices; 18.5’ clear height for warehouse storage
