Flex Warehouse with
For Sale
$450,000
3803 Paris Rd, Chalmette, LA 70043
Flexible building with office and mezzanine plus warehouse space and rear lot with common drive.
Property Size4,000 SF
Price / SF$112.50
Days on Market147
Property Features for 3803 Paris Rd
General Information
Standard status
Active
Size
4,000 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1984
Listing Agency:
The Agency of M. Grass Group, LLC
Listed By:
Matthew Grass · License #995696831
(504) 237-3359
Source:
Dominionplace
Added: May 29
Changed: Oct 7
Last Checked: Oct 21 at 1:18AM
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, LLC
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Investment Insights
Based on property information with market context.
This flexible building offers a total of 4,000 SF with a functional split between office and warehouse use. The layout includes 1,000 SF of office space, an additional 1,000 SF mezzanine, and 3,000 SF of warehouse area. The property was previously home to a powder coating and shutter operation, and the space can be reconfigured to fit a new user’s needs.
Located at 3803 Paris Rd in Chalmette, LA, the site includes a massive rear lot. Access is supported by a common drive that the owner controls, providing practical options for loading, storage, and on-site operations.
Overall, it presents a workable combination of office support space and enclosed warehouse area, with the added benefit of substantial outdoor space for day-to-day logistics.
Located at 3803 Paris Rd in Chalmette, LA, the site includes a massive rear lot. Access is supported by a common drive that the owner controls, providing practical options for loading, storage, and on-site operations.
Overall, it presents a workable combination of office support space and enclosed warehouse area, with the added benefit of substantial outdoor space for day-to-day logistics.
Key Highlights
- 4,000 SF flexible building with 1,000 SF office, 1,000 SF mezzanine, and 3,000 SF warehouse space
- Previously used for a powder coating and shutter operation; adaptable for new business uses
- Massive rear lot for access, storage, or potential expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,171
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,420
$643.4K
Cap Rate 7%
$459,586
$459.6K
Cap Rate 9%
$357,456
$357.5K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$39.8K $9.96/SF
− Vacancy
−$2.0K −$0.50/SF
EGI
$37.8K $9.46/SF
− OpEx
−$5.7K −$1.42/SF
NOI
$32.2K $8.04/SF
Area
St. Bernard 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%
$643,420
Cap Rate 7%
$459,586
Cap Rate 9%
$357,456
Alternative Uses
Best Use
Office B
$792.8K
$693.7K – $925.0K
NOI $55,498 @ 7.0% cap · market cap 12.33%
Second Best
Warehouse
$459.6K
$402.1K – $536.2K
NOI $32,171 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible building with office and mezzanine plus warehouse space and rear lot with common drive.
Where is this flex space located?
The property is located at 3803 Paris Rd Chalmette, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,000 SF flexible building with 1,000 SF office, 1,000 SF mezzanine, and 3,000 SF warehouse space; Previously used for a powder coating and shutter operation; adaptable for new business uses; Massive rear lot for access, storage, or potential expansion
