Flex Space with Tall
For Sale
$649,900
6314 Jefferson Hwy, Harahan, LA 70123
C2-zoned corner property with multiple access points and off-street parking.
Property Size4,375 SF
Price / SF$148.55
Days on Market22
Property Features for 6314 Jefferson Hwy
General Information
Standard status
Active
Size
4,375 SF
Zoning
C-2
Building Details
Year Built
1980
Buildings
1
Building Size
4,375 SF
Listing Agency:
NOLA Living Realty
(504) 259-7945
Listed By:
Eric Hernandez · License #995689934
Source:
Fiorellaavenue
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 28 at 12:45PM
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 NOLA Living Realty
Investment Insights
Based on property information with market context.
This approximately 4,375-square-foot flex building occupies a corner lot on Jefferson Highway in Harahan. Tall ceilings support storage or light industrial functions, while multiple access points add operational flexibility. The property also includes off-street parking and a configuration suited to loading and deliveries.
Zoned C2 commercial, the building is identified for retail, warehouse, office, and service-based operations. Its Jefferson Highway address provides access to major thoroughfares and surrounding business districts. The layout can accommodate owner-user operations, multiple tenant configurations, or potential expansion as described for the property.
Zoned C2 commercial, the building is identified for retail, warehouse, office, and service-based operations. Its Jefferson Highway address provides access to major thoroughfares and surrounding business districts. The layout can accommodate owner-user operations, multiple tenant configurations, or potential expansion as described for the property.
Key Highlights
- Approximately 4,375 square feet of flex space
- C2 commercial zoning
- Corner‑lot configuration along Jefferson Highway
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
$48,116
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%
$962,320
$962.3K
Cap Rate 7%
$687,371
$687.4K
Cap Rate 9%
$534,622
$534.6K
Market Conditions
NOI Build-Up for 4,375 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
$78.8K $18.00/SF
− Vacancy
−$4.7K −$1.08/SF
EGI
$74.0K $16.92/SF
− OpEx
−$25.9K −$5.92/SF
NOI
$48.1K $11.00/SF
Area
ZIP 70123
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$962,320
Cap Rate 7%
$687,371
Cap Rate 9%
$534,622
Alternative Uses
Best Use
Flex RnD
$687.4K
$601.5K – $801.9K
NOI $48,116 @ 7.0% cap · market cap 7.40%
Second Best
Warehouse
$504.3K
$441.2K – $588.3K
NOI $35,298 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.12M
$982.0K – $1.31M
NOI $78,563 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
722
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned corner property with multiple access points and off-street parking.
Where is this flex space located?
The property is located at 6314 Jefferson Hwy Harahan, LA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Approximately 4,375 square feet of flex space; C2 commercial zoning; Corner‑lot configuration along Jefferson Highway
