Flex Warehouse with
824 Reverend Richard Wilson Drive Kenner, LA 70062
824 Reverend Richard Wilson Drive, Kenner, LA, 70062
Contact for pricing
For Sale
Contact for pricing
New 11,400 SF flex building offers 9,500 SF warehouse and 1,800 SF office, with four grade-level roll-up doors.
Property Size11,400 SF
Price / SF$210.53
Days on Market86
Property Features for 824 Reverend Richard Wilson Drive
General Information
- Standard status
- Active
- Size
- 11,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2026
Listing agency
The Agency of M. Grass Group
(504) 644-4127
Listed by
Matthew Grass · License #LA 23286
Source
Crexi
Added: Apr 28 Updated: Jul 22 at 2:28AM Checked: Jul 22 at 2:28AM
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 The Agency of M. Grass Group
Investment Insights
Based on property information with market context.
New construction flex building totaling 11,400 SF, comprising approximately 9,500 SF warehouse area and 1,800 SF office space. The layout is designed for flexibility, with the option to operate as one user space or be demised into up to four separate units.
The property is situated on a 3+ acre site with yard space for storage and parking, as well as room that may support future expansion. Access is supported by four (4) grade-level roll-up doors for efficient loading and operations.
Zoned L-I (Light Industrial), the building is positioned to serve a range of light industrial and commercial uses. It is located on Reverend Richard Wilson Drive near the Mississippi River industrial corridor and minutes from Louis Armstrong New Orleans International Airport, supporting access to regional and national logistics networks.
The property is situated on a 3+ acre site with yard space for storage and parking, as well as room that may support future expansion. Access is supported by four (4) grade-level roll-up doors for efficient loading and operations.
Zoned L-I (Light Industrial), the building is positioned to serve a range of light industrial and commercial uses. It is located on Reverend Richard Wilson Drive near the Mississippi River industrial corridor and minutes from Louis Armstrong New Orleans International Airport, supporting access to regional and national logistics networks.
Key Highlights
- New 11,400 SF flex building (2026) in Kenner with 9,500 SF warehouse and 1,800 SF office space
- Can be used as one large space or demised into up to four separate units
- Four (4) grade‑level roll‑up doors for efficient warehouse access and operations
Local Financial Insights For Office B
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 | $257.2k | $22.56 |
| − Vacancy | −$46.3k | −$4.06 |
| EGI | $210.9k | $18.50 |
| − OpEx | −$52.7k | −$4.62 |
| NOI | $158.2k | $13.87 |
11,400 SF · lease $22.56/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,168 @ 7.0% cap · market cap 6.59%
Second Best
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,838 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,535 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Gate Gourmet — 505 E Airline Hwy, Kenner, LA 70062
FAQs
What type of property is this?
Flex space - New 11,400 SF flex building offers 9,500 SF warehouse and 1,800 SF office, with four grade-level roll-up doors.
Where is this flex space located?
The property is located at 824 Reverend Richard Wilson Drive Kenner, LA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: New 11,400 SF flex building (2026) in Kenner with 9,500 SF warehouse and 1,800 SF office space; Can be used as one large space or demised into up to four separate units; Four (4) grade‑level roll‑up doors for efficient warehouse access and operations
