Workshop Warehouse with Car
For Sale
$329,000
420 AVENUE D, Marrero, LA 70072
C2/R1A-zoned facility with office space, front parking, and a fenced side yard for vehicle or trailer storage.
Property Size3,519 SF
Price / SF$93.49
Days on Market867
Property Features for 420 AVENUE D
General Information
Standard status
Active
Size
3,519 SF
Property subtype
Industrial
Zoning
C2 / R1A
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
car lift
large garage door
office
storage
half bath
unfinished attic
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTORS
(985) 966-1131
Listed By:
Hyatt Hood
(985) 966-1131
Source:
Lacdb.resimplifi
Added: Apr 17, 2024
Changed: Aug 31
Last Checked: Aug 31 at 12:52PM
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 Berkshire Hathaway HomeServices Preferred, REALTORS
Investment Insights
Based on property information with market context.
This 3,519 SF warehouse and workshop includes a large garage door, car lift, office with storage, and a half bath. The main work area is complemented by two additional smaller rooms, a separate half bath, and stairs leading to a large unfinished attic. The roof has been recently refurbished.
Located at 420 Avenue D in Marrero, the property provides parking in front of the building and a fenced side yard with an opening wide enough for vehicle or trailer storage. The property carries C2/R1A zoning, with compatibility and permitted use to be confirmed by the buyer or buyer’s agent.
Located at 420 Avenue D in Marrero, the property provides parking in front of the building and a fenced side yard with an opening wide enough for vehicle or trailer storage. The property carries C2/R1A zoning, with compatibility and permitted use to be confirmed by the buyer or buyer’s agent.
Key Highlights
- 3,519 SF warehouse and workshop at 420 Avenue D, Marrero, LA 70072
- C2/R1A zoning; buyer and/or buyer’s agent to confirm compatibility with intended use
- Large garage door and installed car lift
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
$27,423
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
8.34%
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%
$548,460
$548.5K
Cap Rate 7%
$391,757
$391.8K
Cap Rate 9%
$304,700
$304.7K
Market Conditions
NOI Build-Up for 3,519 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
$33.8K $9.60/SF
− Vacancy
−$1.5K −$0.43/SF
EGI
$32.3K $9.17/SF
− OpEx
−$4.8K −$1.38/SF
NOI
$27.4K $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%
$548,460
Cap Rate 7%
$391,757
Cap Rate 9%
$304,700
Alternative Uses
Best Use
Retail
$794.6K
$695.2K – $927.0K
NOI $55,619 @ 7.0% cap · market cap 16.91%
Second Best
Warehouse
$391.8K
$342.8K – $457.1K
NOI $27,423 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$928.4K
$812.4K – $1.08M
NOI $64,989 @ 7.0% cap · market cap 19.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70072, LA
56,924
Population
22,845
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
51.8 sq mi
ZIP Area
1,099
Density / Sq Mi
$55,866
Median Household Income
$34,411
Median Earnings
$1,091
Median Rent
$190,700
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
- A-1 Lock'n Leave It — 1123 MacArthur Ave, Harvey, LA 70058
- Buckeye Terminal Marrero — 722 River Rd, Marrero, LA 70072
- Electric Shop Warehouse — Harvey, LA 70058
Frequently Asked Questions
What type of property is this?
Warehouse - C2/R1A-zoned facility with office space, front parking, and a fenced side yard for vehicle or trailer storage.
Where is this warehouse located?
The property is located at 420 AVENUE D Marrero, LA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 3,519 SF warehouse and workshop at 420 Avenue D, Marrero, LA 70072; C2/R1A zoning; buyer and/or buyer’s agent to confirm compatibility with intended use; Large garage door and installed car lift
