Office/Warehouse Flex
720 Goodhope Street Norco, LA 70079
For Sale
Contact for pricing
Flex office with recently renovated space plus warehouse/storage area, including three grade-level loading doors.
Property Size6,000 SF
Price / SF$75
Days on Market62
Property Features for 720 Goodhope Street
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail, Office, Industrial
Listing Agency:
Beau Box Commercial Real Estate New Orleans
(504) 265-2000
Listed By:
Jordan Johnson · License #995683431
Source:
Crexi
Added: May 24
Changed: Jul 22
Last Checked: Jul 23 at 12:49PM
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 Beau Box Commercial Real Estate New Orleans
Investment Insights
Based on property information with market context.
This office/warehouse flex facility includes approximately 6,000 SF total, with 2,900 SF of recently renovated office and 3,100 SF of warehouse/storage area. The office features a large reception/lobby, multiple conference or training rooms, private offices, a kitchen/break area, and three restrooms. The warehouse is served by three 10' x 12' grade-level doors and supports operations tied to its fenced yard area.
The property is positioned within Norco’s industrial corridor, offering quick access to the Mississippi River industrial corridor and major petrochemical and refining facilities. It is described as being located minutes from Shell Norco and Valero St. Charles, with convenient access to Airline Highway and I-310.
The fenced yard is sized to support equipment staging and materials handling, complementing the office and loading configuration for plant services, industrial contractor, fabrication, logistics, or operations support uses.
The property is positioned within Norco’s industrial corridor, offering quick access to the Mississippi River industrial corridor and major petrochemical and refining facilities. It is described as being located minutes from Shell Norco and Valero St. Charles, with convenient access to Airline Highway and I-310.
The fenced yard is sized to support equipment staging and materials handling, complementing the office and loading configuration for plant services, industrial contractor, fabrication, logistics, or operations support uses.
Key Highlights
- $450,000 for sale or $7.50/SF NNN for lease
- Approximately 6,000 SF total with 2,900 SF recently renovated office and 3,100 SF warehouse/storage
- Office includes a reception/lobby, 3 conference/training rooms, 4 private offices, kitchen/break area, and 3 restrooms
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $9.00 |
| − Vacancy | −$2.7k | −$0.45 |
| EGI | $51.3k | $8.55 |
| − OpEx | −$15.4k | −$2.56 |
| NOI | $35.9k | $5.98 |
6,000 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,246 @ 7.0% cap · market cap 18.50%
Second Best
Warehouse
$689.4K
$603.2K – $804.3K
NOI $48,256 @ 7.0% cap · market cap 10.72%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,808 @ 7.0% cap · market cap 24.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DISA Global Solutions, ...
Occupational Medical Physician
Crest Exteriors, LLC
Roofing Company
Apple Roofing
Roofing Company
FAQs
What type of property is this?
Flex space - Flex office with recently renovated space plus warehouse/storage area, including three grade-level loading doors.
Where is this flex space located?
The property is located at 720 Goodhope Street Norco, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: $450,000 for sale or $7.50/SF NNN for lease; Approximately 6,000 SF total with 2,900 SF recently renovated office and 3,100 SF warehouse/storage; Office includes a reception/lobby, 3 conference/training rooms, 4 private offices, kitchen/break area, and 3 restrooms
