Building Details

Buildings 1

Building Size 3,860 SF

Construction CMU

Listing Agency: Max J Derbes Inc

Listed By: Bert Duvic Show Phone

Source: Lacdb.resimplifi

Added: Aug 12 Changed: Oct 7 Last Checked: Oct 16 at 5:39AM

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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 Max J Derbes Inc

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Investment Insights

Based on property information with market context.

This 3,860-square-foot flex building offers a combination of industrial and office improvements. The grade-level structure uses CMU construction with a metal roof and includes two overhead doors, an open warehouse floor plan, climate-controlled storage, and two restrooms serving approximately 3,000 square feet of warehouse, shop, and technical space. The finished office portion measures approximately 845 square feet and includes reception, two offices, two restrooms, and a kitchenette.

The rectangular 5,800-square-foot site provides six parking spaces and three-phase electrical service. Zoned C-2, General Commercial, the property is adjacent to Harahan City Hall and the Harahan Police Station, with Elmwood Industrial Park also nearby. Jefferson Highway carries a reported traffic count of 17,417 for 2026.

Key Highlights

• 3,860+/- square foot building on a 5,800+/- square foot rectangular site
• Approximately 3,000+/- SF of warehouse, shop, and technical space
• Approximately 845+/- SF of finished office space with reception, two offices, and kitchenette

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,452

Cap Rate

8.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$849,040 $849.0K

Cap Rate 7%

$606,457 $606.5K

Cap Rate 9%

$471,689 $471.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,860 SF

Gross rent

$69.5K $18.00/SF

− Vacancy

−$4.2K −$1.08/SF

EGI

$65.3K $16.92/SF

− OpEx

−$22.9K −$5.92/SF

NOI

$42.5K $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 Rate 5%

$849,040

Cap Rate 7%

$606,457

Cap Rate 9%

$471,689

Alternative Uses

Best Use

Office B

$767.4K

$671.5K – $895.3K (±1% cap)

NOI $53,720 @ 7.0% cap · market cap 11.08%

Second Best

Flex RnD

$606.5K

$530.7K – $707.5K (±1% cap)

NOI $42,452 @ 7.0% cap · market cap 8.75%

Theoretical Best

Office A

$990.2K

$866.4K – $1.16M (±1% cap)

NOI $69,315 @ 7.0% cap · market cap 14.29%

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

Property Analytics

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Current Use

Customized Printables (Bike/Boat/Book/etc) Store Catholic Productions, LLC (Bike/Boat/Book/etc) Store Piazza's Top Gun ... Powder Coating Service DR. BRANT PITRE Consultant

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Grocery & Convenience Store Skin Care Clinic

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

2

Drive-in doors

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

827

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

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - C-2 general commercial property combining warehouse, shop, technical, office, and climate-controlled storage areas.

Where is this flex space located?

The property is located at 6485 Jefferson Hwy Harahan, LA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: 3,860+/- square foot building on a 5,800+/- square foot rectangular site; Approximately 3,000+/- SF of warehouse, shop, and technical space; Approximately 845+/- SF of finished office space with reception, two offices, and kitchenette