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 Market384
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
Listed By:
Richard Juge · License #BROK.31432.A-ACT
(504) 838-0001
Source:
Lacdb.resimplifi
Added: Sep 25, 2025
Changed: Oct 3
Last Checked: Oct 12 at 4:41PM
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 / Yr
$131,737
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- la Madeleine — 1200 S Clearview Pkwy Suite 1314, Harahan, LA 70123
- Kay's Kreation Catering — 555, Jefferson, LA 70121
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
