Flex Space with Office
For Sale
$3,222,135
5901 Earhart Expy, River Ridge, LA 70123
IL-zoned facility combining substantial office improvements with dedicated warehouse space and a large outdoor area.
Property Size30,687 SF
Lot Size2.07 Acres
Price / SF$105
Days on Market176
Property Features for 5901 Earhart Expy
General Information
Standard status
Active
Size
30,687 SF
Total Parking Spaces
25
Lot size
2.07 Acres
Property subtype
Industrial
Zoning
IL
Property Condition
Severity
Repairs Needed
Evidence
needs renovation
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Amenities
25 Parking Spaces
Building Details
Year Built
1986
Year Renovated
2014
Buildings
1
Stories
2
Building Size
30,687 SF
Listing Agency:
Bridgewater Realty Advisors
(504) 812-5330
Listed By:
Richard Romano · License #995714063
(504) 812-5330
Source:
Lacdb.resimplifi
Added: Mar 9
Changed: Aug 30
Last Checked: Aug 30 at 1:30PM
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.
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 = 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
$247,586
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
7.68%
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%
$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
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
$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 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%
$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
NOI $427,076 @ 7.0% cap · market cap 13.25%
Second Best
Flex RnD
$4.82M
$4.22M – $5.62M
NOI $337,496 @ 7.0% cap · market cap 10.47%
Theoretical Best
Office A
$7.87M
$6.89M – $9.18M
NOI $551,052 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- American Roadshow Catering — 1205 N Al Davis Rd, New Orleans, LA 70123
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- 12 Seasons Catering & Events — 5616 Citrus Blvd, New Orleans, LA 70123
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 $3,222,135.
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
