Flex Space with Warehouse
For Sale
$343,000
906 CLAY Street, Kenner, LA 70062
Commercial, Kenner, LA
Property Size1,468 SF
Lot Size0.10 Acres
Price / SF$233.65
Days on Market48
Property Features for 906 CLAY Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking features
Driveway
Lot features
Regular
Standard status
Active
APN
0920002410
Size
1,468 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
LOT 13 SQ 2 MOISANT PLACE
Legal Description
LOT 13 SQ 2 MOISANT PLACE
Utilities
Water source
Public
Building Details
Year built
2016
Floors in Building
1
Listing Agency:
Pintat Realty LLC
(504) 451-5443
Listed By:
Dana Bennett · License #0995695864
(504) 468-7224
Added: Jul 20
Changed: Aug 31
Last Checked: Sep 5 at 1:06AM
MLS# 2568621
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2016, this 1468-square-foot flex property combines warehouse, office, and service-oriented features within a C2-zoned commercial building. The interior includes two warehouse areas divided by a partition, a walk-in cooler, grease trap, exhaust vent, multiple commercial sinks, countertops, and a large warehouse exhaust fan. The 11.5x8.1 air-conditioned office has commercial flooring and a 10 ft ceiling, while the 10.9x8.1 bathroom also has commercial flooring and a 10 ft ceiling. Warehouse ceilings reach 19 ft.
A separate office entry with a window and hurricane roll-down shutter supports walk-up counter service. The property also includes a commercial roll-up garage door with an accessory metal folding accordion gate, a paved front driveway accommodating 5+ cars, rear yard access, and new wood fencing with two rear gates. Located at 906 CLAY Street in Kenner, the property is just off Airline Hwy near the Rivertown residential area and is in an X flood zone.
A separate office entry with a window and hurricane roll-down shutter supports walk-up counter service. The property also includes a commercial roll-up garage door with an accessory metal folding accordion gate, a paved front driveway accommodating 5+ cars, rear yard access, and new wood fencing with two rear gates. Located at 906 CLAY Street in Kenner, the property is just off Airline Hwy near the Rivertown residential area and is in an X flood zone.
Key Highlights
- 1468‑square‑foot building on a 0.1012‑acre lot
- C2 zoning with warehouse, office, service, and storage features
- Two warehouse areas, including 30x23.9 and 23.1x20.7 spaces
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
7.25%
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 7.25%
Second Best
Office B
$291.0K
$254.6K – $339.5K
NOI $20,368 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$387.3K
$338.9K – $451.9K
NOI $27,111 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Commercial hood
Yes
Grease trap
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 - C2-zoned commercial building with a full bathroom, office, cooler, and roll-up garage door.
Where is this flex space located?
The property is located at 906 CLAY Street Kenner, LA.
What is the asking price?
The asking price for this property is $343,000.
What are key features of this property?
This property features: 1468‑square‑foot building on a 0.1012‑acre lot; C2 zoning with warehouse, office, service, and storage features; Two warehouse areas, including 30x23.9 and 23.1x20.7 spaces
