Flex Space with Laydown
For Sale
$870,000
2837 Sharon St, Kenner, LA 70062
S-I zoning, dual street access, and proximity to I-10 complement the office and warehouse configuration.
Property Size8,047 SF
Price / SF$108.11
Days on Market153
Property Features for 2837 Sharon St
General Information
Standard status
Active
Size
8,047 SF
Property subtype
Industrial - Warehouse/Distribution
Zoning
S-I
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
8,047 SF
Buildings
1
Construction
tilt-up concrete
Listing Agency:
ELIFIN Realty
(800) 895-9329
Listed By:
Adrien D. Foley · License #955716500
Source:
Commercialcafe
Added: Apr 2
Changed: Aug 29
Last Checked: Aug 29 at 5:30PM
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 ELIFIN Realty
Investment Insights
Based on property information with market context.
Located at 2837 Sharon St, this ±8,047 SF flex property combines office and warehouse areas within a concrete tilt-wall structure. Two roll-up doors serve the warehouse, while a recently improved concrete side yard enclosed by fencing provides outdoor laydown space measuring 60’ x 120’. The property is zoned S-I for Special Industrial use.
The site fronts Sharon St and also has access from 29th St. I-10 is seconds away, while Louis Armstrong New Orleans International Airport (MSY) is approximately 3 minutes from the property. The facility is situated in Kenner, LA 70062.
The site fronts Sharon St and also has access from 29th St. I-10 is seconds away, while Louis Armstrong New Orleans International Airport (MSY) is approximately 3 minutes from the property. The facility is situated in Kenner, LA 70062.
Key Highlights
- ±8,047 SF office/warehouse configuration
- Two roll‑up doors and concrete tilt‑wall construction
- Concrete, fenced side laydown yard measuring 60’ x 120’
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
$62,709
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
7.21%
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%
$1,254,180
$1.3M
Cap Rate 7%
$895,843
$895.8K
Cap Rate 9%
$696,767
$696.8K
Market Conditions
NOI Build-Up for 8,047 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
$77.3K $9.60/SF
− Vacancy
−$3.5K −$0.43/SF
EGI
$73.8K $9.17/SF
− OpEx
−$11.1K −$1.38/SF
NOI
$62.7K $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%
$1,254,180
Cap Rate 7%
$895,843
Cap Rate 9%
$696,767
Alternative Uses
Best Use
Warehouse
$895.8K
$783.9K – $1.05M
NOI $62,709 @ 7.0% cap · market cap 7.21%
Second Best
Flex RnD
$842.9K
$737.5K – $983.4K
NOI $59,001 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,612 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
624
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
- 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 - S-I zoning, dual street access, and proximity to I-10 complement the office and warehouse configuration.
Where is this flex space located?
The property is located at 2837 Sharon St Kenner, LA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: ±8,047 SF office/warehouse configuration; Two roll‑up doors and concrete tilt‑wall construction; Concrete, fenced side laydown yard measuring 60’ x 120’
