Versatile Commercial Property in
For Sale
Contact for pricing
2705 Florida Ave, Kenner, LA 70062
Adaptable office and warehouse space with flexible commercial zoning.
Property Size4,500 SF
Lot Size0.23 Acres
Price / SF$114.44
Days on Market181
Property Features for 2705 Florida Ave
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.23 Acres
Property subtype
Industrial, Office
Zoning
C-2
Building Details
Buildings
1
Stories
2
Listing Agency:
Corporate Realty
(504) 581-5005
Listed By:
Mitchell Halpern · License #995714139
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Aug 11 at 11:05AM
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 Corporate Realty
Investment Insights
Based on property information with market context.
Located on Florida Avenue in Kenner, this commercial property offers approximately 4,500 square feet of space on a lot of approximately 10,000 square feet. The two-story building features a mix of finished office and warehouse areas. The first floor includes an estimated 1,500 square feet of recently renovated, move-in-ready office space and approximately 1,500 square feet of warehouse space. The second floor provides an additional estimated 1,500 square feet of finished office space that requires updates. The property has approximately 15 surface parking spaces. Zoned C-2, the property allows for a wide range of commercial uses, including contractors, light automotive, or service-oriented businesses. Some office furniture may be available for purchase, making this an opportunity for an owner occupant seeking adaptable space.
Key Highlights
- Versatile ±4,500‑sf commercial property with a functional mix of office and warehouse space.
- Flexible C‑2 zoning allows for a wide range of commercial uses.
- Move‑in‑ready, recently renovated ±1,500 sf of first‑floor office space.
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
$35,068
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
6.81%
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%
$701,360
$701.4K
Cap Rate 7%
$500,971
$501.0K
Cap Rate 9%
$389,644
$389.6K
Market Conditions
NOI Build-Up for 4,500 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
$43.2K $9.60/SF
− Vacancy
−$1.9K −$0.43/SF
EGI
$41.3K $9.17/SF
− OpEx
−$6.2K −$1.38/SF
NOI
$35.1K $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%
$701,360
Cap Rate 7%
$500,971
Cap Rate 9%
$389,644
Alternative Uses
Best Use
Warehouse
$501.0K
$438.4K – $584.5K
NOI $35,068 @ 7.0% cap · market cap 6.81%
Second Best
Flex RnD
$471.3K
$412.4K – $549.9K
NOI $32,994 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,106 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,222
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Thomas Catering — 2716 Indiana Ave, Kenner, LA 70062
- KENNER — 2206 27th St, Kenner, LA 70062
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable office and warehouse space with flexible commercial zoning.
Where is this flex space located?
The property is located at 2705 Florida Ave Kenner, LA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Versatile ±4,500‑sf commercial property with a functional mix of office and warehouse space.; Flexible C‑2 zoning allows for a wide range of commercial uses.; Move‑in‑ready, recently renovated ±1,500 sf of first‑floor office space.
