Versatile Commercial Property with
9290-94-98 HWY 23 Belle Chasse, LA 70037
For Sale
$995,000
Pending
Adaptable commercial space suitable for various business ventures.
Property Size9,456 SF
Lot Size0.50 Acres
Days on Market1005
Property Features for 9290-94-98 HWY 23
General Information
Standard status
Pending
Size
9,456 SF
Lot size
0.50 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1982
Listing Agency:
CBTEC BELLE CHASSE
(504) 392-0022
Listed By:
Bonnie Buras · License #000052386
(504) 392-0022
Source:
Exitrealty
Added: Oct 28, 2023
Changed: Jul 10
Last Checked: Jul 28 at 5:36AM
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 CBTEC BELLE CHASSE
Investment Insights
Based on property information with market context.
This 9456-square-foot commercial property offers versatile space suitable for various business ventures. The property's layout includes both office and warehouse areas, providing flexibility for different operational needs. The location offers easy access and includes drive-thru capability. Potential uses for the property include a gas station, offices, or a restaurant. One unit is currently operating as a boutique, although the business itself is not for sale.
Key Highlights
- Prime location with easy access.
- Drive‑thru capability.
- Versatile space suitable for various businesses (gas station, offices, restaurant, etc.).
Financial Insights For Warehouse
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 | $94.2k | $9.96 |
| − Vacancy | −$4.7k | −$0.50 |
| EGI | $89.5k | $9.46 |
| − OpEx | −$13.4k | −$1.42 |
| NOI | $76.1k | $8.04 |
9,456 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.09M
$950.7K – $1.27M
NOI $76,052 @ 7.0% cap · market cap 7.64%
Second Best
Flex RnD
$990.4K
$866.6K – $1.16M
NOI $69,331 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,633 @ 7.0% cap · market cap 17.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Jr Food Mart — 400 Russell Dr, New Orleans, LA 70143
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial space suitable for various business ventures.
Where is this flex space located?
The property is located at 9290-94-98 HWY 23 Belle Chasse, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location with easy access.; Drive‑thru capability.; Versatile space suitable for various businesses (gas station, offices, restaurant, etc.).
