Flex Building with Multiple
For Sale
$680,000
2616 Marietta Ave, Kenner, LA 70062
Multi-unit flex building with separate offices and rear roll-up access for varied industrial and commercial uses.
Property Size4,570 SF
Price / SF$148.80
Days on Market125
Property Features for 2616 Marietta Ave
General Information
Standard status
Active
Size
4,570 SF
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Tenancy
Multi
Listing Agency:
Watermark Realty, LLC
(504) 813-0272
Listed By:
Ricardo Gutierrez
(504) 813-0272
Source:
Exprealty
Added: Apr 20
Changed: Aug 20
Last Checked: Aug 21 at 11:55AM
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 Watermark Realty, LLC
Investment Insights
Based on property information with market context.
The property is a concrete and metal flex building designed for mixed industrial and commercial use. It includes two separate warehouse areas and three distinct office spaces, with two offices on the ground floor and a larger office on the mezzanine level. The building is currently divided into four units, including one warehouse unit, two standalone office units, and one combined office/warehouse unit. The larger office areas include multiple private offices and conference rooms, supporting both individual and team-based work needs. Both warehouse spaces feature rear roll-up doors for convenient loading and access to the yard.
The asset is located at 2616 Marietta Ave in Kenner, Louisiana, with proximity to Veterans Blvd., I-10, and the airport. This positioning can support a range of operations that benefit from regional access.
For buyers or tenants seeking flexible configuration, the current unit mix provides multiple ways to use the space, whether operating as a single business or occupying multiple areas. The presence of dedicated office rooms alongside separate warehouse segments can accommodate organizations that need both administrative space and practical back-of-house access, with rear roll-up doors serving day-to-day logistics.
The asset is located at 2616 Marietta Ave in Kenner, Louisiana, with proximity to Veterans Blvd., I-10, and the airport. This positioning can support a range of operations that benefit from regional access.
For buyers or tenants seeking flexible configuration, the current unit mix provides multiple ways to use the space, whether operating as a single business or occupying multiple areas. The presence of dedicated office rooms alongside separate warehouse segments can accommodate organizations that need both administrative space and practical back-of-house access, with rear roll-up doors serving day-to-day logistics.
Key Highlights
- 11,200 SF concrete & metal mixed‑use building with two warehouse areas and three office spaces, including a mezzanine level office
- Currently configured as four units: 2,470 SF warehouse; 530 SF office; 1,820 SF office; and a combined 2,220 SF office/4,180 SF warehouse unit
- Two warehouse spaces feature rear roll‑up doors for yard access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,613
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$712,260
$712.3K
Cap Rate 7%
$508,757
$508.8K
Cap Rate 9%
$395,700
$395.7K
Market Conditions
NOI Build-Up for 4,570 SF
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.
Gross rent
$43.9K $9.60/SF
− Vacancy
−$2.0K −$0.43/SF
EGI
$41.9K $9.17/SF
− OpEx
−$6.3K −$1.38/SF
NOI
$35.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$712,260
Cap Rate 7%
$508,757
Cap Rate 9%
$395,700
Alternative Uses
Best Use
Office B
$905.8K
$792.6K – $1.06M
NOI $63,406 @ 7.0% cap · market cap 9.32%
Second Best
Warehouse
$508.8K
$445.2K – $593.6K
NOI $35,613 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.21M
$1.05M – $1.41M
NOI $84,399 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
998
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 Office in South region
Questions? Ask Rey
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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 - Multi-unit flex building with separate offices and rear roll-up access for varied industrial and commercial uses.
Where is this flex space located?
The property is located at 2616 Marietta Ave Kenner, LA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 11,200 SF concrete & metal mixed‑use building with two warehouse areas and three office spaces, including a mezzanine level office; Currently configured as four units: 2,470 SF warehouse; 530 SF office; 1,820 SF office; and a combined 2,220 SF office/4,180 SF warehouse unit; Two warehouse spaces feature rear roll‑up doors for yard access
