Flex Space with Climate-Controlled
For Sale
$550,000
918 Industry Rd, Kenner, LA 70062
Refurbished office area paired with a secured warehouse, paint booth, paved yard storage, and three-phase power.
Property Size5,000 SF
Price / SF$110
Days on Market86
Property Features for 918 Industry Rd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Zoning
H-I
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Voltage
208 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Amenities
private office
warehouse manager's office
reception/office area
file room
private bath
second restroom with shower
paint booth
compressed air system
fire/burglar alarms
security cameras
Power
Water
Sewer
Vacant
Building Details
Buildings
1
Building Size
5,000 SF
Listing Agency:
The Mullin Company Inc.
(504) 400-3254
Listed By:
Charlie Mullin
(504) 400-3254
Source:
Lacdb.resimplifi
Added: Jun 7
Changed: Aug 29
Last Checked: Aug 29 at 3:55PM
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 Mullin Company Inc.
Investment Insights
Based on property information with market context.
This 5,000-square-foot flex building combines a recently refurbished office area with a climate-controlled warehouse. The office layout includes one private office, a warehouse manager’s office, reception and office space, a file room, and a private bath. The warehouse includes a second restroom with shower, a functional paint booth, insulated ceiling, compressed air system, and multiple electrical outlets served by 3-phase, 120/208 power.
Exterior paved yard storage is available on both sides of the building. The roof was recently recoated, and the property includes fire and burglar alarms along with multiple security cameras. A new HVAC system was installed in July 2026. The building is located off Airline Highway (US 61), between Williams Boulevard and Interstate 310, and is zoned H-I.
Exterior paved yard storage is available on both sides of the building. The roof was recently recoated, and the property includes fire and burglar alarms along with multiple security cameras. A new HVAC system was installed in July 2026. The building is located off Airline Highway (US 61), between Williams Boulevard and Interstate 310, and is zoned H-I.
Key Highlights
- 5,000‑square‑foot flex building with office and warehouse areas
- Climate‑controlled warehouse with a functional paint booth
- Office includes private office, manager’s office, reception area, file room, and private bath
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
$38,964
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
7.08%
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%
$779,280
$779.3K
Cap Rate 7%
$556,629
$556.6K
Cap Rate 9%
$432,933
$432.9K
Market Conditions
NOI Build-Up for 5,000 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
$48.0K $9.60/SF
− Vacancy
−$2.2K −$0.43/SF
EGI
$45.8K $9.17/SF
− OpEx
−$6.9K −$1.38/SF
NOI
$39.0K $7.79/SF
Area
Jefferson County, LA
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$779,280
Cap Rate 7%
$556,629
Cap Rate 9%
$432,933
Alternative Uses
Best Use
Office B
$991.0K
$867.2K – $1.16M
NOI $69,372 @ 7.0% cap · market cap 12.61%
Second Best
Warehouse
$556.6K
$487.1K – $649.4K
NOI $38,964 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,340 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gate Gourmet — 505 E Airline Hwy, Kenner, LA 70062
- Delaware North — 440 Middle Access Rd, Kenner, LA 70062
Frequently Asked Questions
What type of property is this?
Flex space - Refurbished office area paired with a secured warehouse, paint booth, paved yard storage, and three-phase power.
Where is this flex space located?
The property is located at 918 Industry Rd Kenner, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex building with office and warehouse areas; Climate‑controlled warehouse with a functional paint booth; Office includes private office, manager’s office, reception area, file room, and private bath
