Office/Warehouse Units with Covered Rear
For Sale
Contact for pricing
2114 Greenwood Street, Kenner, LA 70062
Two office/warehouse suites with front and rear roll-up doors and covered exterior space behind, near MSY operations.
Property Size3,825 SF
Price / SF$130.72
Days on Market56
Property Features for 2114 Greenwood Street
General Information
Standard status
Active
Size
3,825 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
4
Building Details
Tenancy
Multi
Listing Agency:
Elifin Realty - New Orleans, LA
(800) 895-9329
Listed By:
Adrien Foley · License #955716500
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 3 at 1:55PM
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 - New Orleans, LA
Investment Insights
Based on property information with market context.
2114 Greenwood St in Kenner is a functional office/warehouse property configured as two separate suites positioned directly along the MSY fence line. The overall offering includes a total 3,825 SF and supports separate occupancy options. The right suite totals 2,025 SF and includes a two-story office build-out designed to separate administrative space from warehouse operations. The left suite totals 1,800 SF and features a month-to-month tenant arrangement, with office space arranged on a single level and mezzanine storage for added warehouse capacity.
Both suites include a front and a rear roll-up door and a covered exterior area in the back, which can support loading, light distribution, or day-to-day storage needs. The location also provides strong connectivity to I-10 and the New Orleans/Kenner metro corridor, supporting access for employees and delivery traffic.
For tenants, the split office-and-warehouse layouts offer flexibility for businesses that need on-site administration along with straightforward loading access. For buyers, the property’s two-suite configuration supports different operational setups, including owner-occupancy with the option to lease one unit. Tenant pays utilities for their suite, and the right suite is offered on a modified gross lease type.
Both suites include a front and a rear roll-up door and a covered exterior area in the back, which can support loading, light distribution, or day-to-day storage needs. The location also provides strong connectivity to I-10 and the New Orleans/Kenner metro corridor, supporting access for employees and delivery traffic.
For tenants, the split office-and-warehouse layouts offer flexibility for businesses that need on-site administration along with straightforward loading access. For buyers, the property’s two-suite configuration supports different operational setups, including owner-occupancy with the option to lease one unit. Tenant pays utilities for their suite, and the right suite is offered on a modified gross lease type.
Key Highlights
- Total 3,825 SF office/warehouse property in two suites directly along the MSY fence line
- Right suite: 2,025 SF with two‑story office build‑out separating administrative space from warehouse operations
- Left suite: 1,800 SF with month‑to‑month tenant paying $1,800/month on a modified gross structure; tenant pays utilities
Financial Insights For Warehouse
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 | $36.7k | $9.60 |
| − Vacancy | −$1.7k | −$0.43 |
| EGI | $35.1k | $9.17 |
| − OpEx | −$5.3k | −$1.38 |
| NOI | $29.8k | $7.79 |
3,825 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$758.1K
$663.4K – $884.5K
NOI $53,070 @ 7.0% cap · market cap 10.61%
Second Best
Warehouse
$425.8K
$372.6K – $496.8K
NOI $29,807 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.01M
$883.0K – $1.18M
NOI $70,640 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
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
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two office/warehouse suites with front and rear roll-up doors and covered exterior space behind, near MSY operations.
Where is this flex space located?
The property is located at 2114 Greenwood Street Kenner, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Total 3,825 SF office/warehouse property in two suites directly along the MSY fence line; Right suite: 2,025 SF with two‑story office build‑out separating administrative space from warehouse operations; Left suite: 1,800 SF with month‑to‑month tenant paying $1,800/month on a modified gross structure; tenant pays utilities
