Auto Body Shop For
For Sale
Contact for pricing
2307 Marietta St, Kenner, LA 70062
2,400 SF auto body shop on 0.17 acres for sale.
Property Size2,400 SF
Lot Size0.17 Acres
Price / SF$135.42
Days on Market641
Property Features for 2307 Marietta St
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.17 Acres
Property subtype
Industrial, Retail
Zoning
H-I
Listing Agency:
Elifin Realty - New Orleans, LA
(800) 895-9329
Listed By:
Noah Loveland · License #995711824
Source:
Crexi
Added: Nov 19, 2024
Changed: Aug 21
Last Checked: Aug 21 at 11:08AM
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 Elifin Realty - New Orleans, LA
Investment Insights
Based on property information with market context.
The property at 2307 Marietta St features a 2,400 square foot concrete tilt-panel building situated on 0.17 acres. Previously used as an auto body shop, the building includes two 12' x 14' grade-level roll-up doors and a hangar bay. The structure has a 16' side eave height and approximately 400 square feet of office space. The property is zoned H-I (Heavy Industrial). Located in Bainbridge Business Park, the property is positioned just north of Louis Armstrong New Orleans International Airport and south of Veterans Blvd and I-10. This location is suitable for logistics or service-oriented businesses seeking proximity to major transportation hubs.
Key Highlights
- ±2,400 SF concrete tilt‑panel building on ±0.17 acres.
- Zoned H‑I (Heavy Industrial).
- Located in Bainbridge Business Park, near Louis Armstrong New Orleans International Airport, Veterans Blvd, and I‑10.
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
$14,364
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
4.42%
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%
$287,280
$287.3K
Cap Rate 7%
$205,200
$205.2K
Cap Rate 9%
$159,600
$159.6K
Market Conditions
NOI Build-Up for 2,400 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
$21.6K $9.00/SF
− Vacancy
−$1.1K −$0.45/SF
EGI
$20.5K $8.55/SF
− OpEx
−$6.2K −$2.56/SF
NOI
$14.4K $5.98/SF
Area
Jefferson County, LA
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$287,280
Cap Rate 7%
$205,200
Cap Rate 9%
$159,600
Alternative Uses
Best Use
Retail
$541.9K
$474.2K – $632.2K
NOI $37,933 @ 7.0% cap · market cap 11.67%
Second Best
Industrial
$205.2K
$179.6K – $239.4K
NOI $14,364 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - 2,400 SF auto body shop on 0.17 acres for sale.
Where is this auto shop located?
The property is located at 2307 Marietta St Kenner, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: ±2,400 SF concrete tilt‑panel building on ±0.17 acres.; Zoned H‑I (Heavy Industrial).; Located in Bainbridge Business Park, near Louis Armstrong New Orleans International Airport, Veterans Blvd, and I‑10.
