Industrial Warehouse Property with
For Sale
$1,688,800
2601 LEXINGTON Avenue, Kenner, LA 70062
Three buildings combine independently operated space with leased units and fenced yard area.
Property Size16,675 SF
Price / SF$101.28
Days on Market10
Property Features for 2601 LEXINGTON Avenue
General Information
Standard status
Active
Size
16,675 SF
Property subtype
COMMERCIAL
Zoning
Special Industrial
Additional Details
Fenced Yard
Yes
Building Details
Building Size
16,675 SF
Year Built
1975
Buildings
3
Listing Agency:
The Agency of M. Grass Group, LLC
Listed By:
Matthew Grass · License #995696831
(504) 644-4127
Source:
Burkbrokerage
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 5 at 9:20PM
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.
The Kenner property includes three industrial buildings totaling approximately 16,675 SF across four units. The 4,300 SF front building has warehouse and office space, a roll-up door, and a fenced yard. Unit A adds 3,375 SF and roll-up door access; Units B and C total approximately 9,000 SF and are leased to separate tenants. Each unit has its own roll-up door and operates independently.
The property occupies multiple parcels near I-10 and MSY and carries a Special Industrial zoning designation. Its configuration includes space for occupancy alongside leased units, with dedicated yard area serving the site.
The property occupies multiple parcels near I-10 and MSY and carries a Special Industrial zoning designation. Its configuration includes space for occupancy alongside leased units, with dedicated yard area serving the site.
Key Highlights
- Three industrial buildings totaling approximately 16,675 SF across four units
- Front building offers approximately 4,300 SF of warehouse and office space
- Unit A contains 3,375 SF and has roll‑up door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,945
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,598,900
$2.6M
Cap Rate 7%
$1,856,357
$1.9M
Cap Rate 9%
$1,443,833
$1.4M
Market Conditions
NOI Build-Up for 16,675 SF
Gross rent
$160.1K $9.60/SF
− Vacancy
−$7.2K −$0.43/SF
EGI
$152.9K $9.17/SF
− OpEx
−$22.9K −$1.38/SF
NOI
$129.9K $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%
$2,598,900
Cap Rate 7%
$1,856,357
Cap Rate 9%
$1,443,833
Alternative Uses
Best Use
Warehouse
$1.86M
$1.62M – $2.17M
NOI $129,945 @ 7.0% cap · market cap 7.69%
Second Best
Flex RnD
$1.75M
$1.53M – $2.04M
NOI $122,261 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $307,954 @ 7.0% cap · market cap 18.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Three buildings combine independently operated space with leased units and fenced yard area.
Where is this warehouse located?
The property is located at 2601 LEXINGTON Avenue Kenner, LA.
What is the asking price?
The asking price for this property is $1,688,800.
What are key features of this property?
This property features: Three industrial buildings totaling approximately 16,675 SF across four units; Front building offers approximately 4,300 SF of warehouse and office space; Unit A contains 3,375 SF and has roll‑up door access
