Manufacturing Property with Dock
For Sale
$450,000
19751-19761 Chef Menteur Highway, New Orleans, LA 70129
Gated entry and dock facilities support warehouse operations.
Property Size6,200 SF
Days on Market154
Property Features for 19751-19761 Chef Menteur Highway
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Industrial - Manufacturing
Building Details
Building Size
6,200 SF
Listing Agency:
NAI Rampart
Listed By:
Eli Gunesebakan, CCIM, SIOR
Source:
Commercialcafe
Added: Apr 3
Changed: Sep 2
Last Checked: Aug 29 at 7:50PM
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 NAI Rampart
Investment Insights
Based on property information with market context.
This manufacturing property at 19751-19761 Chef Menteur Highway includes approximately 6,200 SF of warehouse space on approximately 36,760 SF of land. The primary warehouse contains approximately 5,000 SF, eight roll-up doors, eave heights ranging from 12.5 feet to 17.5 feet, and a shop bathroom. A separate warehouse area adds approximately 1,200 SF, five roll-up doors, a 10.5-foot eave height, and an 11.5-foot peak height.
The site includes a gated entrance, a dock, and two slips. The property is located in Orleans Parish and is zoned M-MU, Maritime Mixed-Use District.
The site includes a gated entrance, a dock, and two slips. The property is located in Orleans Parish and is zoned M-MU, Maritime Mixed-Use District.
Key Highlights
- ±6,200 SF warehouse space on ±36,760 SF of land
- Main warehouse includes ±5,000 SF and (8) roll‑up doors
- Main warehouse eave heights range from 12.5’ to 17.5’
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
$39,581
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
8.80%
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%
$791,620
$791.6K
Cap Rate 7%
$565,443
$565.4K
Cap Rate 9%
$439,789
$439.8K
Market Conditions
NOI Build-Up for 6,200 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
$59.5K $9.60/SF
− Vacancy
−$3.0K −$0.48/SF
EGI
$56.5K $9.12/SF
− OpEx
−$17.0K −$2.74/SF
NOI
$39.6K $6.38/SF
Area
New Orleans, LA
Vacancy
5.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
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%
$791,620
Cap Rate 7%
$565,443
Cap Rate 9%
$439,789
Alternative Uses
Best Use
Industrial
$565.4K
$494.8K – $659.7K
NOI $39,581 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,308 @ 7.0% cap · market cap 24.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 70129, LA
10,884
Population
3,727
Households
2.9
Avg Household Size
32
Median Age
21%
College-Educated
72%
High-School Grad
90.9 sq mi
ZIP Area
120
Density / Sq Mi
$53,811
Median Household Income
$35,356
Median Earnings
$890
Median Rent
$170,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Gated entry and dock facilities support warehouse operations.
Where is this manufacturing property located?
The property is located at 19751-19761 Chef Menteur Highway New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: ±6,200 SF warehouse space on ±36,760 SF of land; Main warehouse includes ±5,000 SF and (8) roll‑up doors; Main warehouse eave heights range from 12.5’ to 17.5’
