Flex Office and Storage
For Sale
$535,000
201 23rd St, Kenner, LA 70062
Corner lot building includes office space and storage units with multiple roll-up doors and off-street parking.
Property Size4,947 SF
Price / SF$108.15
Days on Market156
Property Features for 201 23rd St
General Information
Standard status
Active
Size
4,947 SF
Building Details
Year Built
2006
Listing Agency:
United Real Estate Partners LLC
Listed By:
Gina Norris · License #LA995701712
(504) 234-7815
Source:
Dominionplace
Added: May 19
Changed: Oct 15
Last Checked: Oct 7 at 2:43PM
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 United Real Estate Partners LLC
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Investment Insights
Based on property information with market context.
This commercial building offers a flexible layout combining office space with storage units. The 1st floor features one office, one full bath, and 11 storage units served by 14 roll-up doors, with off-street parking on a corner lot. A floor plan is available for review.
The 2nd floor includes a large open main office area, two private office spaces, a kitchenette, and a half bath. Two separate stairway entrances provide additional internal access.
With office and storage components in place, the property is suited for tenants seeking on-site work space alongside storage needs, or for investors seeking rental income from the existing storage unit configuration.
The 2nd floor includes a large open main office area, two private office spaces, a kitchenette, and a half bath. Two separate stairway entrances provide additional internal access.
With office and storage components in place, the property is suited for tenants seeking on-site work space alongside storage needs, or for investors seeking rental income from the existing storage unit configuration.
Key Highlights
- Commercial corner‑lot building with office space totaling 1,953 sq ft and storage units totaling 2,994 sq ft
- 1st floor includes one office, one full bath, and 11 storage units with 14 roll‑up doors
- 2nd floor offers a large open main office area plus two private office spaces, kitchenette, and 1/2 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,307
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,140
$966.1K
Cap Rate 7%
$690,100
$690.1K
Cap Rate 9%
$536,744
$536.7K
Market Conditions
NOI Build-Up for 4,947 SF
Gross rent
$74.2K $15.00/SF
− Vacancy
−$5.2K −$1.05/SF
EGI
$69.0K $13.95/SF
− OpEx
−$20.7K −$4.19/SF
NOI
$48.3K $9.76/SF
Area
Jefferson County, LA
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,140
Cap Rate 7%
$690,100
Cap Rate 9%
$536,744
Alternative Uses
Best Use
Office B
$980.5K
$858.0K – $1.14M
NOI $68,637 @ 7.0% cap · market cap 12.83%
Second Best
Self Storage
$690.1K
$603.8K – $805.1K
NOI $48,307 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,361 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
546
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Deniece's Kitchen & Catering LLC — 2727 Aberdeen St, Kenner, LA 70062
Frequently Asked Questions
What type of property is this?
Flex space - Corner lot building includes office space and storage units with multiple roll-up doors and off-street parking.
Where is this flex space located?
The property is located at 201 23rd St Kenner, LA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Commercial corner‑lot building with office space totaling 1,953 sq ft and storage units totaling 2,994 sq ft; 1st floor includes one office, one full bath, and 11 storage units with 14 roll‑up doors; 2nd floor offers a large open main office area plus two private office spaces, kitchenette, and 1/2 bath
