Flex Facility with Storage
201 23rd Street Kenner, LA 70062
201 23rd Street, Kenner, LA, 70062
$560,000
For Sale
$560,000
Flex facility for sale with 14 independent storage units and two dedicated office spaces.
Property Size4,947 SF
Price / SF$113.20
Days on Market129
Property Features for 201 23rd Street
General Information
- Standard status
- Active
- Size
- 4,947 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing agency
United Real Estate Partners LLC
(504) 234-7815
Listed by
Gina Norris
(504) 234-7815
Source
Nolalivingrealty
Added: Mar 16 Updated: Jul 22 at 9:56AM Checked: Jul 22 at 9:56AM
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
Investment Insights
Based on property information with market context.
The property is a commercial flex facility totaling 4,947 square feet, with 14 independent storage units and two dedicated office spaces. The office component is presented as two separate suites, supporting administrative and operational workflows alongside storage.
The seller notes easy access to I-10 and MSY Airport, and the property is described as located in Kenner, LA between Baton Rouge and New Orleans. The offering is presented as a turnkey owner-user or investment opportunity, with the storage units and office suites forming the basis of day-to-day use.
Ownership includes both storage and office space in a single, maintained facility configuration, with the independent unit layout providing flexibility for inventory or supply storage.
The seller notes easy access to I-10 and MSY Airport, and the property is described as located in Kenner, LA between Baton Rouge and New Orleans. The offering is presented as a turnkey owner-user or investment opportunity, with the storage units and office suites forming the basis of day-to-day use.
Ownership includes both storage and office space in a single, maintained facility configuration, with the independent unit layout providing flexibility for inventory or supply storage.
Key Highlights
- Commercial flex facility built in 2006 with 4,947 total SF
- Includes 14 independent storage units plus 2 dedicated office spaces
- Space breakdown: 1,953 SF office and 2,994 SF storage
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.2k | $15.00 |
| − Vacancy | −$5.2k | −$1.05 |
| EGI | $69.0k | $13.95 |
| − OpEx | −$20.7k | −$4.19 |
| NOI | $48.3k | $9.76 |
4,947 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$980.5K
$858.0K – $1.14M
NOI $68,637 @ 7.0% cap · market cap 12.26%
Second Best
Self Storage
$690.1K
$603.8K – $805.1K
NOI $48,307 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,361 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Deniece's Kitchen & Catering LLC — 2727 Aberdeen St, Kenner, LA 70062
FAQs
What type of property is this?
Flex space - Flex facility for sale with 14 independent storage units and two dedicated office spaces.
Where is this flex space located?
The property is located at 201 23rd Street Kenner, LA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Commercial flex facility built in 2006 with 4,947 total SF; Includes 14 independent storage units plus 2 dedicated office spaces; Space breakdown: 1,953 SF office and 2,994 SF storage
