Corner-Lot Warehouse
For Sale
$285,000
705 W St Bernard Hwy, Chalmette, LA 70043
C-2-zoned corner property with a warehouse and an existing house suitable for possible office conversion or removal.
Property Size1,205 SF
Price / SF$236.51
Days on Market120
Property Features for 705 W St Bernard Hwy
General Information
Standard status
Active
Size
1,205 SF
Total Parking Spaces
3
Property subtype
Industrial
Zoning
C-2
Amenities
3 Parking Spaces
Building Details
Year Built
2006
Listing Agency:
CML Commercial Real Estate Services
(504) 908-1722
Listed By:
Chuck Loescher
(504) 908-1722
Source:
Lacdb.resimplifi
Added: May 4
Changed: Aug 31
Last Checked: Aug 31 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 CML Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This C-2-zoned property includes a warehouse measuring 39 ft 4 inches by 30 ft 6 inches, along with an existing house. The house may be revamped for office use or demolished, providing flexibility for future planning. The warehouse was built in 2006.
Positioned on a corner at 705 W St Bernard Hwy in Chalmette, Louisiana, the property combines an existing industrial building with additional structures on the site. Its zoning and current improvements support consideration for warehouse, office-conversion, or redevelopment plans, subject to applicable requirements.
Positioned on a corner at 705 W St Bernard Hwy in Chalmette, Louisiana, the property combines an existing industrial building with additional structures on the site. Its zoning and current improvements support consideration for warehouse, office-conversion, or redevelopment plans, subject to applicable requirements.
Key Highlights
- Warehouse measures 39 ft 4 inches x 30 ft 6 inches
- C‑2 zoning
- Corner property at 705 W St Bernard Hwy, Chalmette, LA 70043
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
$9,691
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
3.40%
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%
$193,820
$193.8K
Cap Rate 7%
$138,443
$138.4K
Cap Rate 9%
$107,678
$107.7K
Market Conditions
NOI Build-Up for 1,205 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
$12.0K $9.96/SF
− Vacancy
−$600 −$0.50/SF
EGI
$11.4K $9.46/SF
− OpEx
−$1.7K −$1.42/SF
NOI
$9.7K $8.04/SF
Area
St. Bernard County, LA
Vacancy
5.00%
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%
$193,820
Cap Rate 7%
$138,443
Cap Rate 9%
$107,678
Alternative Uses
Best Use
Warehouse
$138.4K
$121.1K – $161.5K
NOI $9,691 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.9K
$278.2K – $370.9K
NOI $22,254 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
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?
Warehouse - C-2-zoned corner property with a warehouse and an existing house suitable for possible office conversion or removal.
Where is this warehouse located?
The property is located at 705 W St Bernard Hwy Chalmette, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Warehouse measures 39 ft 4 inches x 30 ft 6 inches; C‑2 zoning; Corner property at 705 W St Bernard Hwy, Chalmette, LA 70043
