Flex Space with
For Sale
Contact for pricing
759 Hill St, Jefferson, LA 70121
Versatile commercial facility with office, showroom, storage, and warehouse areas under IMU zoning.
Property Size25,500 SF
Price / SF$0.00
Days on Market80
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Property Features for 759 Hill St
General Information
Standard status
Active
Size
25,500 SF
Property subtype
Industrial
Zoning
IMU
Lease Type
NNN
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
4,000 SF
Office Build-Out
8,000 SF
Building Details
Buildings
1
Building Size
25,500 SF
Listing Agency:
SRSA Commercial Real Estate
Listed By:
Michael Corchiani
(504) 831-2363
Source:
Lacdb.resimplifi
Added: Jul 28
Changed: Oct 7
Last Checked: Oct 14 at 7:35PM
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 SRSA Commercial Real Estate
Investment Insights
Based on property information with market context.
This 25,500-square-foot flex property combines multiple functional areas within one building. The layout includes 8,000 SF of office space, 13,500 SF designated for storage and showroom use, and a 4,000 SF warehouse. Four overhead doors measuring 12x12 support loading and receiving activity, while clear heights range from 9' to 16'.
The property is situated in the Elmwood Business District behind the Ochsner Medical Facility on Clearview Parkway. Major roadways and surrounding commercial centers are accessible from the site, supporting a range of business operations. The I-MU District zoning and varied interior configuration accommodate office, storage, distribution, and light manufacturing functions as identified for the property.
The property is situated in the Elmwood Business District behind the Ochsner Medical Facility on Clearview Parkway. Major roadways and surrounding commercial centers are accessible from the site, supporting a range of business operations. The I-MU District zoning and varied interior configuration accommodate office, storage, distribution, and light manufacturing functions as identified for the property.
Key Highlights
- 25,500‑square‑foot flex property with office, storage/showroom, and warehouse areas
- 8,000 SF of office space
- 13,500 SF storage/showroom area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,792
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,255,840
$3.3M
Cap Rate 7%
$2,325,600
$2.3M
Cap Rate 9%
$1,808,800
$1.8M
Market Conditions
NOI Build-Up for 25,500 SF
Gross rent
$244.8K $9.60/SF
− Vacancy
−$12.2K −$0.48/SF
EGI
$232.6K $9.12/SF
− OpEx
−$69.8K −$2.74/SF
NOI
$162.8K $6.38/SF
Area
New Orleans, LA
Vacancy
5.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,255,840
Cap Rate 7%
$2,325,600
Cap Rate 9%
$1,808,800
Alternative Uses
Best Use
Office B
$5.37M
$4.70M – $6.26M
NOI $375,875 @ 7.0% cap · market cap 5,369,642.86%
Second Best
Flex RnD
$3.45M
$3.02M – $4.03M
NOI $241,763 @ 7.0% cap · market cap 3,453,757.14%
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,688 @ 7.0% cap · market cap 6,481,257.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
16 ft
Clear height
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Balanced
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
Similar Off Market Nearby
- The Moore Venue — 5616 Citrus Blvd, New Orleans, LA 70123
- 12 Seasons Catering & Events — 5616 Citrus Blvd, New Orleans, LA 70123
- la Madeleine — 1200 S Clearview Pkwy Suite 1314, Harahan, LA 70123
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with office, showroom, storage, and warehouse areas under IMU zoning.
Where is this flex space located?
The property is located at 759 Hill St Jefferson, LA.
What are key features of this property?
This property features: 25,500‑square‑foot flex property with office, storage/showroom, and warehouse areas; 8,000 SF of office space; 13,500 SF storage/showroom area
