Building Details

Year built 2014

Listing Agency: Real Estate 4-U, LLC s***@realestate4ula.com Show Phone

Listed By: Amanda Hotard · License #0995684457 Show Phone

Added: Aug 24 Changed: Aug 28 Last Checked: Aug 29 at 4:06AM

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MLS# 2573963

Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 4,000-square-foot warehouse was renovated and built in 2014. Its open interior provides a flexible layout, while four roll-up doors support practical loading and access. The building offers a 20-foot eave height and public water service.

The property is zoned C-1 and provides convenient access to the main highway. Off-street parking is available on site, giving the facility a functional setup for commercial operations. Zoning and permitted uses should be verified by the buyer.

Key Highlights

• 4,000 SF renovated warehouse
• Four (4) roll‑up doors
• 20' eave height

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

$23,940

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

8.04%

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%

$478,800 $478.8K

Cap Rate 7%

$342,000 $342.0K

Cap Rate 9%

$266,000 $266.0K

Market Conditions

NOI Build-Up for 4,000 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

$36.0K $9.00/SF

− Vacancy

−$1.8K −$0.45/SF

EGI

$34.2K $8.55/SF

− OpEx

−$10.3K −$2.56/SF

NOI

$23.9K $5.98/SF

Area

St. Bernard County, LA

Vacancy

5.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

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%

$478,800

Cap Rate 7%

$342,000

Cap Rate 9%

$266,000

Alternative Uses

Best Use

Warehouse

$459.6K

$402.1K – $536.2K (±1% cap)

NOI $32,171 @ 7.0% cap · market cap 10.80%

Second Best

Flex RnD

$419.0K

$366.6K – $488.8K (±1% cap)

NOI $29,328 @ 7.0% cap · market cap 9.85%

Theoretical Best

Office A

$1.06M

$923.4K – $1.23M (±1% cap)

NOI $73,872 @ 7.0% cap · market cap 24.81%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Hair Salon Spa & Massage Center Auto Repair Shop Nail Salon HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

55

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70075, LA

5,382

Population

1,889

Households

2.8

Avg Household Size

35

Median Age

26%

College-Educated

87%

High-School Grad

3.4 sq mi

ZIP Area

1,583

Density / Sq Mi

$69,537

Median Household Income

$40,213

Median Earnings

$225,800

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

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - C-1-zoned facility with an open interior, highway access, and on-site parking.

Where is this warehouse located?

The property is located at 5001 E JUDGE PEREZ Drive Meraux, LA.

What is the asking price?

The asking price for this property is $297,800.

What are key features of this property?

This property features: 4,000 SF renovated warehouse; Four (4) roll‑up doors; 20' eave height