Building Details

Year Built 1986

Year Renovated 2014

Buildings 1

Stories 2

Building Size 30,687 SF

Listing Agency: Bridgewater Realty Advisors

Listed By: Richard Romano Show Phone

Source: Lacdb.resimplifi

Added: Mar 9 Changed: Oct 3 Last Checked: Oct 14 at 7:52PM

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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 Bridgewater Realty Advisors

Investment Insights

Based on property information with market context.

Located at 5901 Earhart Expy in River Ridge, Louisiana, this 30,687-square-foot flex facility combines finished office improvements with warehouse space. Approximately 84% of the building is finished office area and 16% is warehouse area, creating a mixed office-industrial configuration within one structure. The ground level was renovated in 2014 and is in excellent condition, while the second floor is in average to good condition and requires renovation.

The property sits off Earhart Expressway and is designated IL, or Light Industrial. It is also located in an X flood zone. The 90,140-square-foot site provides room for laydown, storage, parking, additional structures, or other site functions identified for the property. A sale-leaseback structure is available as an option.

Key Highlights

• 30,687‑square‑foot flex facility with office and warehouse components
• Approximately 84% finished office space and 16% warehouse space
• Ground floor renovated in 2014; second floor requires renovation

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$247,586

Cap Rate

8.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,951,720 $5.0M

Cap Rate 7%

$3,536,943 $3.5M

Cap Rate 9%

$2,750,956 $2.8M

Market Conditions

NOI Build-Up for 30,687 SF

Gross rent

$305.6K $9.96/SF

− Vacancy

−$14.4K −$0.47/SF

EGI

$291.3K $9.49/SF

− OpEx

−$43.7K −$1.42/SF

NOI

$247.6K $8.07/SF

Area

ZIP 70123

Vacancy

4.70%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,951,720

Cap Rate 7%

$3,536,943

Cap Rate 9%

$2,750,956

Alternative Uses

Best Use

Office B

$6.10M

$5.34M – $7.12M (±1% cap)

NOI $427,076 @ 7.0% cap · market cap 15.25%

Second Best

Flex RnD

$4.82M

$4.22M – $5.62M (±1% cap)

NOI $337,496 @ 7.0% cap · market cap 12.05%

Theoretical Best

Office A

$7.87M

$6.89M – $9.18M (±1% cap)

NOI $551,052 @ 7.0% cap · market cap 19.68%

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

Property Analytics

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Current Use

ITC Global Inc Telecommunications Service

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Parking Lot & Garage Daycare Center Dental Office

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

790

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70123, LA

27,346

Population

14,297

Households

1.9

Avg Household Size

44

Median Age

44%

College-Educated

94%

High-School Grad

7.6 sq mi

ZIP Area

3,598

Density / Sq Mi

$82,639

Median Household Income

$52,709

Median Earnings

$1,310

Median Rent

$318,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space 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?

Flex space - IL-zoned facility combining substantial office improvements with dedicated warehouse space and a large outdoor area.

Where is this flex space located?

The property is located at 5901 Earhart Expy River Ridge, LA.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: 30,687‑square‑foot flex facility with office and warehouse components; Approximately 84% finished office space and 16% warehouse space; Ground floor renovated in 2014; second floor requires renovation