Flex Space with Truck
2323 Bainbridge Street, Kenner, LA 70062
For Sale
Contact for pricing
A parking-equipped unit includes an overhead door and HI zoning for flexible commercial use.
Property Size4,150 SF
Price / SF$0.77
Days on Market63
Property Features for 2323 Bainbridge Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Hiram Investments, LLC
(504) 831-3140
Listed By:
Ashley A Provosty
(504) 616-5895
Source:
Cypresskeyrealty
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 9 at 7:59PM
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 Hiram Investments, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,150-square-foot flex space, built in 1980, combines office and warehouse areas in a single unit. Physical features include an overhead door, a truck well and ample parking. The property is zoned HI.
The unit is on Bainbridge Street in Kenner, with access from Veterans Boulevard.
The unit is on Bainbridge Street in Kenner, with access from Veterans Boulevard.
Key Highlights
- 4,150 square feet of flex space
- Office and warehouse areas within one unit
- Truck well and overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,838
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,760
$496.8K
Cap Rate 7%
$354,829
$354.8K
Cap Rate 9%
$275,978
$276.0K
Market Conditions
NOI Build-Up for 4,150 SF
Gross rent
$37.4K $9.00/SF
− Vacancy
−$1.9K −$0.45/SF
EGI
$35.5K $8.55/SF
− OpEx
−$10.6K −$2.56/SF
NOI
$24.8K $5.98/SF
Area
Jefferson County, LA
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,760
Cap Rate 7%
$354,829
Cap Rate 9%
$275,978
Alternative Uses
Best Use
Flex RnD
$543.4K
$475.4K – $633.9K
NOI $38,035 @ 7.0% cap
Second Best
Warehouse
$430.9K
$377.0K – $502.7K
NOI $30,160 @ 7.0% cap
Theoretical Best
Office A
$1.09M
$958.0K – $1.28M
NOI $76,642 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,287
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
$197,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Kenner, LA
Properties on Market for Flex space in Kenner
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Thomas Catering — 2716 Indiana Ave, Kenner, LA 70062
- KENNER — 2206 27th St, Kenner, LA 70062
Frequently Asked Questions
What type of property is this?
Flex space - A parking-equipped unit includes an overhead door and HI zoning for flexible commercial use.
Where is this flex space located?
The property is located at 2323 Bainbridge Street Kenner, LA.
What are key features of this property?
This property features: 4,150 square feet of flex space; Office and warehouse areas within one unit; Truck well and overhead door
