Two-Story Flex
For Sale
$1,650,000
724 Central Ave, Jefferson, LA 70121
Office, laboratory, warehouse, and storage areas are combined under flexible Light Industrial (I-L) zoning.
Property Size13,895 SF
Lot Size0.85 Acres
Price / SF$118.75
Days on Market339
Property Features for 724 Central Ave
General Information
Standard status
Active
Size
13,895 SF
Total Parking Spaces
52
Lot size
0.85 Acres
Property subtype
Office
Zoning
I-L
Additional Details
Office Build-Out
9,328 SF
Amenities
Power
Water
Sewer
52 Parking Spaces
Listing Agency:
REMAX Commercial Brokers, Inc
(504) 838-0001
Listed By:
Richard Juge · License #BROK.31432.A-ACT
(504) 838-0001
Source:
Lacdb.resimplifi
Added: Sep 25, 2025
Changed: Aug 28
Last Checked: Aug 28 at 8:59PM
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 REMAX Commercial Brokers, Inc
Investment Insights
Based on property information with market context.
This flex property combines a two-story office building with attached laboratory and warehouse improvements. The office component contains 9,328 square feet, while the attached warehouse and lab provide 3,808 square feet. A separate 759-square-foot area adds warehouse and storage capacity, bringing the total building area to 13,895 square feet.
The improvements occupy a 0.85-acre parcel at 724 Central Ave in Jefferson, Louisiana. Approximately 52 parking spaces serve the facility, and the property carries Light Industrial (I-L) zoning. The range of office, laboratory, warehouse, and storage areas supports a flexible commercial configuration within a single property.
The improvements occupy a 0.85-acre parcel at 724 Central Ave in Jefferson, Louisiana. Approximately 52 parking spaces serve the facility, and the property carries Light Industrial (I-L) zoning. The range of office, laboratory, warehouse, and storage areas supports a flexible commercial configuration within a single property.
Key Highlights
- 13,895 SF flex facility on a 0.85‑acre parcel
- Two‑story office building totaling 9,328 SF
- Attached 3,808 SF warehouse and laboratory area
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
$131,737
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
7.98%
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%
$2,634,740
$2.6M
Cap Rate 7%
$1,881,957
$1.9M
Cap Rate 9%
$1,463,744
$1.5M
Market Conditions
NOI Build-Up for 13,895 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
$216.8K $15.60/SF
− Vacancy
−$14.1K −$1.01/SF
EGI
$202.7K $14.59/SF
− OpEx
−$70.9K −$5.11/SF
NOI
$131.7K $9.48/SF
Area
New Orleans, LA
Vacancy
6.50%
Lease Rate
$15.60 /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%
$2,634,740
Cap Rate 7%
$1,881,957
Cap Rate 9%
$1,463,744
Alternative Uses
Best Use
Office B
$2.93M
$2.56M – $3.41M
NOI $204,815 @ 7.0% cap · market cap 12.41%
Second Best
Flex RnD
$1.88M
$1.65M – $2.20M
NOI $131,737 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $247,215 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70121, LA
11,523
Population
6,415
Households
1.8
Avg Household Size
46
Median Age
36%
College-Educated
88%
High-School Grad
3.3 sq mi
ZIP Area
3,492
Density / Sq Mi
$59,029
Median Household Income
$40,151
Median Earnings
$1,113
Median Rent
$237,200
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
- la Madeleine — 1200 S Clearview Pkwy Suite 1314, Harahan, LA 70123
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Frequently Asked Questions
What type of property is this?
Flex space - Office, laboratory, warehouse, and storage areas are combined under flexible Light Industrial (I-L) zoning.
Where is this flex space located?
The property is located at 724 Central Ave Jefferson, LA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 13,895 SF flex facility on a 0.85‑acre parcel; Two‑story office building totaling 9,328 SF; Attached 3,808 SF warehouse and laboratory area
