Commercial Land with Office
For Sale
$299,900
902 Avenue G, Kentwood, LA 70444
Mostly cleared commercial site with an existing mobile office and access from Avenue G.
Property Size1,539 SF
Price / SF$194.87
Days on Market82
Property Features for 902 Avenue G
General Information
Standard status
Active
Size
1,539 SF
Listing Agency:
DRUDE RENTAL MANAGEMENT
(985) 514-9742
Listed By:
Larissa Dean · License #912122509
(985) 514-9742
Source:
Exprealty
Added: Jun 11
Changed: Aug 30
Last Checked: Aug 30 at 9:34PM
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 DRUDE RENTAL MANAGEMENT
Investment Insights
Based on property information with market context.
This 3.511-acre commercial land offering includes a mobile office building and a mostly cleared, usable site. The property provides room for additional development and is positioned along Avenue G with visibility from I-55.
Access is available from both Avenue G and the interstate, supporting the property’s stated retail, automotive, and flex-commercial use potential. The site also has wide frontage and exposure to daily traffic from the local corridor and interstate.
Access is available from both Avenue G and the interstate, supporting the property’s stated retail, automotive, and flex-commercial use potential. The site also has wide frontage and exposure to daily traffic from the local corridor and interstate.
Key Highlights
- 3.511‑acre commercial land parcel
- Mobile office building included
- Mostly cleared and usable site
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
$9,411
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
3.14%
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%
$188,220
$188.2K
Cap Rate 7%
$134,443
$134.4K
Cap Rate 9%
$104,567
$104.6K
Market Conditions
NOI Build-Up for 1,539 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
$14.8K $9.60/SF
− Vacancy
−$295 −$0.19/SF
EGI
$14.5K $9.41/SF
− OpEx
−$5.1K −$3.29/SF
NOI
$9.4K $6.12/SF
Area
Tangipahoa County, LA
Vacancy
2.00%
Lease Rate
$9.60 /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%
$188,220
Cap Rate 7%
$134,443
Cap Rate 9%
$104,567
Alternative Uses
Best Use
Flex RnD
$134.4K
$117.6K – $156.9K
NOI $9,411 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$92.9K
$81.3K – $108.4K
NOI $6,506 @ 7.0% cap · market cap 2.17%
Theoretical Best
Office A
$424.2K
$371.2K – $495.0K
NOI $29,697 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 70444, LA
9,667
Population
4,662
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
86%
High-School Grad
244.6 sq mi
ZIP Area
40
Density / Sq Mi
$56,277
Median Household Income
$37,500
Median Earnings
$805
Median Rent
$173,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Mostly cleared commercial site with an existing mobile office and access from Avenue G.
Where is this commercial land located?
The property is located at 902 Avenue G Kentwood, LA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3.511‑acre commercial land parcel; Mobile office building included; Mostly cleared and usable site
