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Building Details

Year Built 1975

Listing Agency: The Agency of M. Grass Group, LLC

Listed By: Matthew Grass · License #995696831 Show Phone

Source: Dominionplace

Added: Jul 20 Changed: Oct 10 Last Checked: Oct 15 at 4:18AM

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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 The Agency of M. Grass Group, LLC

Investment Insights

Based on property information with market context.

This warehouse unit contains approximately 3,375 SF within a multi-building complex. Its layout includes a roll-up door, and the property is designated Special Industrial. The space is identified for light industrial or warehouse uses and was built in 1975.

Located at 2601 Lexington Avenue A in Kenner, LA, the property offers access to I-10 and MSY. The unit’s warehouse configuration, industrial zoning, and position within a multi-building setting provide a straightforward commercial profile for prospective users.

Key Highlights

• Approximately 3,375 SF industrial warehouse unit
• Roll‑up door included
• Special Industrial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,301

Cap Rate

4.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$526,020 $526.0K

Cap Rate 7%

$375,729 $375.7K

Cap Rate 9%

$292,233 $292.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,375 SF

Gross rent

$32.4K $9.60/SF

− Vacancy

−$1.5K −$0.43/SF

EGI

$30.9K $9.17/SF

− OpEx

−$4.6K −$1.38/SF

NOI

$26.3K $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 Rate 5%

$526,020

Cap Rate 7%

$375,729

Cap Rate 9%

$292,233

Alternative Uses

Best Use

Warehouse

$375.7K

$328.8K – $438.4K (±1% cap)

NOI $26,301 @ 7.0% cap · market cap 4.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$890.4K

$779.1K – $1.04M (±1% cap)

NOI $62,330 @ 7.0% cap · market cap 10.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Coco Construction Of New ... General Contractor Atlas Marine Cargo Freight Service SEH Courier Service (Rum) Vape, Hookah ... (Bike/Boat/Book/etc) Store PROFESSIONAL CONSTRUCTION & RESTORATION Construction Company

Suggested Use

Top Pick Real Estate Agency Daycare Center (Bike/Boat/Book/etc) Store Locksmith Acupuncture Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

880

Businesses Nearby

Well-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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

• Hold My Luggage — 1 Terminal Dr, Kenner, LA 70062
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• Everest Self Storage Facility — 450 31st St, Kenner, LA 70065
• Kenner Self Storage — 420 31st St, Kenner, LA 70065

Frequently Asked Questions

What type of property is this?

Warehouse - Special Industrial zoning supports light industrial and warehouse uses within a multi-building complex.

Where is this warehouse located?

The property is located at 2601 Lexington Avenue A Kenner, LA.

What is the asking price?

The asking price for this property is $578,000.

What are key features of this property?

This property features: Approximately 3,375 SF industrial warehouse unit; Roll‑up door included; Special Industrial zoning