Flex Space with Dedicated
For Sale
$738,000
2601 Lexington Avenue #A1, Kenner, LA 70062
A standalone building includes roll-up access and a dedicated outdoor area for property operations.
Property Size4,300 SF
Lot Size0.50 Acres
Price / SF$171.63
Days on Market27
Property Features for 2601 Lexington Avenue #A1
General Information
Standard status
Active
Size
4,300 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
S-I
Additional Details
Outdoor Storage
Yes
Property Use
Flex Industrial
Building Details
Building Size
4,300 SF
Year Built
1975
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Sep 28
Changed: Oct 23
Last Checked: Oct 23 at 5:55PM
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 Cypress Key Realty 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 standalone flex property in Kenner contains approximately 4,300 SF and includes a roll-up door and dedicated yard space. The parcel measures approximately 182' x 120', providing outdoor area alongside the building. Zoning is S-I, identified as Special Industrial.
The property is at 2601 Lexington Avenue #A1, near I-10 and MSY. Built in 1975, the facility combines enclosed flex space with an outdoor yard.
The property is at 2601 Lexington Avenue #A1, near I-10 and MSY. Built in 1975, the facility combines enclosed flex space with an outdoor yard.
Key Highlights
- Approximately 4,300 SF of flex industrial space
- Standalone building with a roll‑up door
- Dedicated yard space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,528
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,560
$630.6K
Cap Rate 7%
$450,400
$450.4K
Cap Rate 9%
$350,311
$350.3K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$51.6K $12.00/SF
− Vacancy
−$3.1K −$0.72/SF
EGI
$48.5K $11.28/SF
− OpEx
−$17.0K −$3.95/SF
NOI
$31.5K $7.33/SF
Area
Jefferson County, LA
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,560
Cap Rate 7%
$450,400
Cap Rate 9%
$350,311
Alternative Uses
Best Use
Flex RnD
$450.4K
$394.1K – $525.5K
NOI $31,528 @ 7.0% cap · market cap 4.27%
Second Best
Industrial
$367.7K
$321.7K – $428.9K
NOI $25,736 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.13M
$992.7K – $1.32M
NOI $79,412 @ 7.0% cap · market cap 10.76%
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
880
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 Industrial in South region
Similar Off Market Nearby
- Deniece's Kitchen & Catering LLC — 2727 Aberdeen St, Kenner, LA 70062
- Kenner Seafood, Market, Restaurant & Catering — 3140 Loyola Dr, Kenner, LA 70065
Frequently Asked Questions
What type of property is this?
Flex space - A standalone building includes roll-up access and a dedicated outdoor area for property operations.
Where is this flex space located?
The property is located at 2601 Lexington Avenue #A1 Kenner, LA.
What is the asking price?
The asking price for this property is $738,000.
What are key features of this property?
This property features: Approximately 4,300 SF of flex industrial space; Standalone building with a roll‑up door; Dedicated yard space
