Flex Space with Fenced
For Sale
Contact for pricing
2700 Crestview, Kenner, LA 70062
Light industrial facility combining warehouse, office, loading access, and a secured rear yard for operational flexibility.
Property Size7,200 SF
Lot Size0.45 Acres
Price / SF$135.70
Days on Market142
Property Features for 2700 Crestview
General Information
Standard status
Active
Size
7,200 SF
Lot size
0.45 Acres
Property subtype
Industrial
Zoning
L-I
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
5,200 SF
Office Build-Out
2,000 SF
Additional Details
Asking Price
$949,900
Building Details
Year Built
2004
Buildings
1
Units
1
Tenancy
Single
Building Size
7,200 SF
Listing Agency:
The Agency of M. Grass Group
(504) 644-4127
Listed By:
Matthew Grass · License #LA 23286
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 4:45AM
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
Investment Insights
Based on property information with market context.
This flex space combines 5,200 SF of warehouse area with a 2,000 SF office buildout. The warehouse offers 20-foot eave height, two roll-up doors measuring 14 by 18 feet and 14 by 16 feet, and two interior storage rooms. A separate half bath serves the warehouse area.
The office component includes four private offices, a kitchenette, one full bathroom, and two half baths. The property occupies a 70-by-281-foot lot and includes a large fenced rear yard suitable for outdoor storage, fleet parking, or laydown operations. Built in 2004 and zoned L-I, the facility is configured for light industrial and commercial use.
The office component includes four private offices, a kitchenette, one full bathroom, and two half baths. The property occupies a 70-by-281-foot lot and includes a large fenced rear yard suitable for outdoor storage, fleet parking, or laydown operations. Built in 2004 and zoned L-I, the facility is configured for light industrial and commercial use.
Key Highlights
- 5,200 SF warehouse area with 20’ eave height
- 2,000 SF office buildout with four private offices
- Two roll‑up doors: 14’x18’ and 14’x16’
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
$54,550
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
5.74%
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%
$1,091,000
$1.1M
Cap Rate 7%
$779,286
$779.3K
Cap Rate 9%
$606,111
$606.1K
Market Conditions
NOI Build-Up for 7,000 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
$67.2K $9.60/SF
− Vacancy
−$3.0K −$0.43/SF
EGI
$64.2K $9.17/SF
− OpEx
−$9.6K −$1.38/SF
NOI
$54.5K $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%
$1,091,000
Cap Rate 7%
$779,286
Cap Rate 9%
$606,111
Alternative Uses
Best Use
Office B
$1.39M
$1.21M – $1.62M
NOI $97,121 @ 7.0% cap · market cap 10.22%
Second Best
Warehouse
$779.3K
$681.9K – $909.2K
NOI $54,550 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,276 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
424
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Light industrial facility combining warehouse, office, loading access, and a secured rear yard for operational flexibility.
Where is this flex space located?
The property is located at 2700 Crestview Kenner, LA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 5,200 SF warehouse area with 20’ eave height; 2,000 SF office buildout with four private offices; Two roll‑up doors: 14’x18’ and 14’x16’
