Flex Building with Walk-In
For Sale
$390,000
906 Clay St, Kenner, LA 70062
C-2 zoning supports a multi-use commercial configuration with warehouse, office, and food-service improvements.
Property Size1,468 SF
Price / SF$265.67
Days on Market19
Property Features for 906 Clay St
General Information
Standard status
Active
Size
1,468 SF
Zoning
C-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
19 ft
Cold Storage
Yes
Building Details
Year Built
2016
Building Size
1,468 SF
Construction
metal and steel
Listing Agency:
Pintat Realty LLC
(504) 468-7224
Listed By:
Dana Bennett · License #0995695864
(504) 468-7224
Source:
Exprealty
Added: Jul 21
Changed: Aug 5
Last Checked: Aug 8 at 7:42AM
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 Pintat Realty LLC
Investment Insights
Based on property information with market context.
Built in 2016, this 1,468-square-foot flex property combines warehouse, office, and food-service improvements within a durable commercial building. The interior includes two warehouse areas divided by a partition, a walk-in cooler, exhaust ventilation, multiple commercial sinks, countertop space, a grease trap, and a large warehouse exhaust fan. An air-conditioned office and bathroom have commercial flooring and 10-foot ceilings. The structure features metal and steel support, a slab designed to sustain a second-story build-out, and 19-foot warehouse ceilings. A separate entry with a service window and hurricane roll-down shutter provides an additional access point, while the commercial garage door includes a folding metal gate.
The property is located at 906 Clay St in Kenner, just off Airline Hwy, and is identified as being in an X flood zone. Exterior improvements include a paved front driveway accommodating 5+ cars, rear yard access, new wood fencing, two rear gates, and additional parking lot lighting through an Entergy option.
The property is located at 906 Clay St in Kenner, just off Airline Hwy, and is identified as being in an X flood zone. Exterior improvements include a paved front driveway accommodating 5+ cars, rear yard access, new wood fencing, two rear gates, and additional parking lot lighting through an Entergy option.
Key Highlights
- 1468 sq. ft. total building area; built in 2016
- Two warehouse areas: 30x23.9 and 23.1x20.7
- 11x9 walk‑in cooler with exhaust vent
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
$24,860
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
6.37%
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%
$497,200
$497.2K
Cap Rate 7%
$355,143
$355.1K
Cap Rate 9%
$276,222
$276.2K
Market Conditions
NOI Build-Up for 1,468 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
$33.8K $23.04/SF
− Vacancy
−$676 −$0.46/SF
EGI
$33.1K $22.58/SF
− OpEx
−$8.3K −$5.64/SF
NOI
$24.9K $16.93/SF
Area
Jefferson County, LA
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$497,200
Cap Rate 7%
$355,143
Cap Rate 9%
$276,222
Alternative Uses
Best Use
Specialty Retail
$355.1K
$310.8K – $414.3K
NOI $24,860 @ 7.0% cap · market cap 6.37%
Second Best
Office B
$291.0K
$254.6K – $339.5K
NOI $20,368 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$387.3K
$338.9K – $451.9K
NOI $27,111 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
19 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70062, LA
16,627
Population
6,679
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
7.1 sq mi
ZIP Area
2,342
Density / Sq Mi
$55,293
Median Household Income
$33,499
Median Earnings
$1,150
Median Rent
$197,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - C-2 zoning supports a multi-use commercial configuration with warehouse, office, and food-service improvements.
Where is this flex space located?
The property is located at 906 Clay St Kenner, LA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1468 sq. ft. total building area; built in 2016; Two warehouse areas: 30x23.9 and 23.1x20.7; 11x9 walk‑in cooler with exhaust vent
