Building Details

Year built 1964

Floors in Building 1

Building materials Block, Brick

Buildings 1

Listing Agency: RE/MAX Synergy · RE/MAX International Show Phone

Listed By: Jeffery J Melancon · License #995685397 Show Phone

Added: Aug 3 Changed: Oct 23 Last Checked: Oct 23 at 3:06PM

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MLS# 2570388

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The flex-space property at 33 St. Charles Street in Norco contains a 6,390-square-foot building constructed in 1964. Block and brick are listed among its construction materials, and the site has a parking lot. An adjoining vacant parcel is also part of the property offering.

The property is zoned C-2 and served by public water and public sewer.

Key Highlights

• 6,390‑square‑foot flex‑space building
• Adjacent vacant lot
• C‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,393

Cap Rate

7.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,027,860 $1.0M

Cap Rate 7%

$734,186 $734.2K

Cap Rate 9%

$571,033 $571.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,390 SF

Gross rent

$63.6K $9.96/SF

− Vacancy

−$3.2K −$0.50/SF

EGI

$60.5K $9.46/SF

− OpEx

−$9.1K −$1.42/SF

NOI

$51.4K $8.04/SF

Area

St. Charles County, LA

Vacancy

5.00%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,027,860

Cap Rate 7%

$734,186

Cap Rate 9%

$571,033

Alternative Uses

Best Use

Retail

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,997 @ 7.0% cap · market cap 14.45%

Second Best

Warehouse

$734.2K

$642.4K – $856.6K (±1% cap)

NOI $51,393 @ 7.0% cap · market cap 7.35%

Theoretical Best

Office A

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,011 @ 7.0% cap · market cap 16.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 70079, LA

2,970

Population

1,349

Households

2.2

Avg Household Size

39

Median Age

19%

College-Educated

86%

High-School Grad

1.8 sq mi

ZIP Area

1,650

Density / Sq Mi

$71,250

Median Household Income

$54,766

Median Earnings

$1,089

Median Rent

$232,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - A 1964 commercial building includes on-site parking and public water and sewer service.

Where is this flex space located?

The property is located at 33 ST. CHARLES Norco, LA.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 6,390‑square‑foot flex‑space building; Adjacent vacant lot; C‑2 zoning