Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Story Shopping Center in Kenner Title is generated by Realmo AI

    2401 Veterans Memorial Blvd, Kenner, LA 70062

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,995,999

    Two-story shopping center with high visibility and ample parking.

    Type:Retail
    Property size:
    24,630 SF
    Lot size:
    1.40 Acres
    Price / SF:
    $243/SF
    Added:
    Jan 27, 2026
    Days on Market:
    109
    Last Refresh:
    Apr 6 at 1:19 am

    Property Features for 2401 Veterans Memorial Blvd

    General Information

    Standard status
    Active
    Size
    24,630 SF
    Lot size
    1.40 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Timothy Thompson

    Listing agent Timothy Thompson

    Listing office

    Listing date Jan 27, 2026

    Source Urbanproperties

    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 Timothy Thompson

    HighLights

    • High occupancy rate: 11 out of 12 units are currently leased, providing immediate income.
    • Prominent visibility: Frontage on Veterans Memorial Blvd and Kansas Avenue ensures high exposure.
    • Ample parking: Approximately 60 parking spots available for tenants and customers.
    • Substantial gross building area: The shopping center measures 24,630 square feet.
    • Diverse unit sizes: Units range from 1,155 to 4,620 square feet, accommodating various tenant needs.
    • Sizeable land area: Situated on a 1.4‑acre site.

    Overview

    The property at 2401 Veterans Memorial Blvd in Kenner is a two-story shopping center situated on a 1.4 acre site. The gross building area measures 24,630 square feet. The property includes 12 units, with unit sizes ranging from 1,155 square feet to 4,620 square feet. Currently, 11 of the 12 units are leased. One vacant unit is available, measuring 1,155 square feet. The site has frontage on Veterans Memorial Blvd and Kansas Avenue, providing attractive visibility. Approximately 60 parking spots are available, offering accessibility for both tenants and patrons. The zoning is C2.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $4.33M
    NOI $389,288 @ 9.00% cap · cautious / downside scenario
    Moderate
    $5.56M
    NOI $389,288 @ 7.00% cap · market / base-case scenario
    Aggressive
    $7.79M
    NOI $389,288 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $567.5k $23.04
    − Vacancy −$11.3k −$0.46
    EGI $556.1k $22.58
    − OpEx −$166.8k −$6.77
    NOI $389.3k $15.81
    24,630 SF · lease $23.04/SF/yr · vacancy 2.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $5.56M
    $4.87M – $6.49M (±1% cap)
    NOI $389,288 @ 7.0% cap · market cap 6.49%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.50M
    $5.69M – $7.58M (±1% cap)
    NOI $454,867 @ 7.0% cap · market cap 7.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Metry Tax Services Tax Preparation Nourish your Skin ... Spa & Massage Center Accurate Clinic: Ehlenberger ... Physician Gogi Korean Restaurant Restaurant Total by Verizon Mobile Phone Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Plaza 24 Shopping Center — 2424 Williams Blvd, Kenner, LA 70062
    • Quick-Tag — Walmart Supercenter, 8912 Veterans Memorial Blvd, Metairie, LA 70003
    • Westland Shopping Center — Williams Blvd, Kenner, LA 70062
    • Coinstar Kiosk | Bitcoin ATM — Winn Dixie, 2104 Williams Blvd, Kenner, LA 70062

    Location Insight

    • Map
    • Local Demand
    City
    Kenner
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.2345
    Latitude
    30.0061

    Nearby Similar for Sale

    • $1,300,000
      7,000 SF

      Prime Commercial Spot on Williams

      Commercial building on Williams Blvd, Kenner, great rental history.
      3601 WILLIAMS Boulevard, Kenner, LA 70065
      View Details
    • $434,900
      4,470 SF

      Kenner Tri-Plex For Sale

      Well-maintained townhouse-style triplex in Kenner with private patios.
      2622 BESSEMER Street, Kenner, LA 70062
      View Details
    • $1,200,000
      6,572 SF

      Kenner Multifamily Investment Opportunity

      Nine-unit multifamily property in Kenner with strong rental income potential.
      2222 FLORIDA Avenue, Kenner, LA 70062
      View Details
    • $250,000
      961 SF

      Versatile Live/Work Property, Kenner

      Light Industrial zoned property suitable for residential or commercial use.
      1415 LLOYD PRICE Avenue, Kenner, LA 70062
      View Details
    • $1,200,000
      6,572 SF

      Kenner Multifamily Investment Opportunity

      Nine-unit multifamily property in Kenner with strong rental income potential.
      2222 FLORIDA Avenue, Kenner, LA 70062
      View Details
    • $515,000
      4,500 SF

      Versatile Commercial Property in Kenner

      Adaptable office and warehouse space with flexible commercial zoning.
      2705 Florida Ave, Kenner, LA 70062
      View Details
    • $699,900
      3,420 SF

      Renovated Office Building in Kenner

      Turnkey office building in prime Kenner location.
      3316 Florida Ave, Kenner, LA 70065
      View Details
    • $515,000
      4,960 SF

      Kenner Multifamily Investment Opportunity

      Four units, updated features, income potential in Kenner, Louisiana.
      813 VOURAY Drive, Kenner, LA 70065
      View Details
    • $350,000
      1,235 SF

      Versatile Warehouse with Office Space

      Warehouse with office buildouts in established industrial area.
      124 23rd street, kenner, LA 70062
      View Details
    • $1,275,000
      14,406 SF

      Kenner Office Condominium Offering

      Two office buildings totaling ±14,406 SF on ±25,500 SF lot.
      2002 20th Street, Kenner, LA 70062
      View Details
    • $569,000
      4,800 SF

      Kenner Four-Unit Townhouse Building

      Four 2-bedroom units in Kenner with income potential.
      1741 42nd Street, Kenner, LA 70065
      View Details
    • $850,000
      19 SF

      Kenner Self-Storage Investment Opportunity

      Self-storage facility in Kenner, LA with value-add potential.
      1 W Geneva St | Kenner, LA 70062, LA 70062
      View Details

    FAQs

    What type of property is this?
    Shopping center - Two-story shopping center with high visibility and ample parking.
    Where is this shopping center located?
    The property is located at 2401 Veterans Memorial Blvd Kenner, LA.
    What is the asking price?
    The asking price for this property is $5,995,999.
    What are key features of this property?
    This property features: High occupancy rate: 11 out of 12 units are currently leased, providing immediate income.; Prominent visibility: Frontage on Veterans Memorial Blvd and Kansas Avenue ensures high exposure.; Ample parking: Approximately 60 parking spots available for tenants and customers.
    (504) 264-6145
    We can help!
    Listing Contact
    Timothy Thompson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2401 Veterans Memorial Blvd, Kenner, LA 70062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!