Flex Office-Warehouse
For Sale
$320,000
Pending
405 Texaco Ln, Harvey, LA 70058
Modern flex space with four private offices, kitchen, and an expansive warehouse area under one roof.
Property Size3,040 SF
Days on Market255
Property Features for 405 Texaco Ln
General Information
Standard status
Pending
Size
3,040 SF
Amenities
private offices
full kitchen
pantry
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Louis Williams · License #73679
(985) 237-0712
Source:
Exprealty
Added: Dec 28, 2025
Changed: Aug 20
Last Checked: Sep 8 at 12:59PM
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 Keller Williams Realty Services
Investment Insights
Based on property information with market context.
Located on a busy corner in Harvey, 405 Texaco Lane is a flex-style facility combining finished office space with a large warehouse area. The property includes four private offices and a full kitchen with a pantry, along with expansive warehouse space suited for storage and day-to-day operations.
The building totals 3,040 square feet under roof, with 1,600 square feet of finished office space. This layout supports businesses that need both work space and room to run operations in the same location.
Business assets are not included in the sale. The property is being offered for sale with the office and warehouse components already in place.
The building totals 3,040 square feet under roof, with 1,600 square feet of finished office space. This layout supports businesses that need both work space and room to run operations in the same location.
Business assets are not included in the sale. The property is being offered for sale with the office and warehouse components already in place.
Key Highlights
- 1,600 sqft of finished office space with four private offices
- 3,040 sqft under roof total, combining office and warehouse space
- Expansive warehouse area for storage, operations, or customization
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
$23,690
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
7.40%
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%
$473,800
$473.8K
Cap Rate 7%
$338,429
$338.4K
Cap Rate 9%
$263,222
$263.2K
Market Conditions
NOI Build-Up for 3,040 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
$29.2K $9.60/SF
− Vacancy
−$1.3K −$0.43/SF
EGI
$27.9K $9.17/SF
− OpEx
−$4.2K −$1.38/SF
NOI
$23.7K $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%
$473,800
Cap Rate 7%
$338,429
Cap Rate 9%
$263,222
Alternative Uses
Best Use
Office B
$602.5K
$527.2K – $703.0K
NOI $42,178 @ 7.0% cap · market cap 13.18%
Second Best
Warehouse
$338.4K
$296.1K – $394.8K
NOI $23,690 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$802.0K
$701.8K – $935.7K
NOI $56,143 @ 7.0% cap · market cap 17.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70058, LA
41,377
Population
16,063
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
12.8 sq mi
ZIP Area
3,233
Density / Sq Mi
$58,533
Median Household Income
$34,680
Median Earnings
$1,217
Median Rent
$195,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SABRINA'S PALACE LLC — 602 5th Ave, Harvey, LA 70058
Frequently Asked Questions
What type of property is this?
Flex space - Modern flex space with four private offices, kitchen, and an expansive warehouse area under one roof.
Where is this flex space located?
The property is located at 405 Texaco Ln Harvey, LA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,600 sqft of finished office space with four private offices; 3,040 sqft under roof total, combining office and warehouse space; Expansive warehouse area for storage, operations, or customization
