Owner-User Warehouse with Loading
New
For Sale
$375,000
2306 Greenwood Street, Kenner, LA 70062
Industrial facility with L-I zoning, grade-level loading, and access to major transportation routes.
Property Size4,000 SF
Price / SF$93.75
Days on Market3
Property Features for 2306 Greenwood Street
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
8
Property subtype
Industrial
Zoning
L-I
Warehouse & Industrial
Warehouse Space
4,000 SF
Drive-In Doors
2
Additional Details
Highway Access
Yes
Listing Agency:
CBRE New Orleans
Listed By:
Bryce French · License #0995690959
(504) 427-2090
Source:
Cbre
Added: Sep 6
Changed: Sep 8
Last Checked: Sep 8 at 5:00AM
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 CBRE New Orleans
Investment Insights
Based on property information with market context.
This approximately 4,000-square-foot warehouse is configured for owner-user operations, with two grade-level loading doors and about eight parking spaces. The property carries L-I zoning and is suited to the contractor, service, storage, and light industrial uses identified for the facility.
Located in Kenner, the warehouse provides immediate access to I-10 and I-310, with Louis Armstrong New Orleans International Airport and the Port of New Orleans also nearby. Its loading setup and transportation connections support regular deliveries, service activity, and day-to-day industrial operations.
Located in Kenner, the warehouse provides immediate access to I-10 and I-310, with Louis Armstrong New Orleans International Airport and the Port of New Orleans also nearby. Its loading setup and transportation connections support regular deliveries, service activity, and day-to-day industrial operations.
Key Highlights
- ±4,000 SF owner‑user industrial warehouse
- Two grade‑level loading doors
- L‑I zoning
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
$31,171
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
8.31%
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%
$623,420
$623.4K
Cap Rate 7%
$445,300
$445.3K
Cap Rate 9%
$346,344
$346.3K
Market Conditions
NOI Build-Up for 4,000 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
$38.4K $9.60/SF
− Vacancy
−$1.7K −$0.43/SF
EGI
$36.7K $9.17/SF
− OpEx
−$5.5K −$1.38/SF
NOI
$31.2K $7.79/SF
Area
Jefferson County, LA
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$623,420
Cap Rate 7%
$445,300
Cap Rate 9%
$346,344
Alternative Uses
Best Use
Warehouse
$445.3K
$389.6K – $519.5K
NOI $31,171 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
Balanced
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage Post — 2214 Salem St, Kenner, LA 70062
- Hold My Luggage — 1 Terminal Dr, Kenner, LA 70062
- A Rocks Self Storage — 300 23rd St, Kenner, LA 70062
- Self-Storage at U-Haul — 2828 Marietta St, Kenner, LA 70062
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with L-I zoning, grade-level loading, and access to major transportation routes.
Where is this warehouse located?
The property is located at 2306 Greenwood Street Kenner, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: ±4,000 SF owner‑user industrial warehouse; Two grade‑level loading doors; L‑I zoning
