Office/Warehouse Near
1240 27th St Kenner, LA 70062
1240 27th St, Kenner, LA, 70062
Contact for pricing
For Sale
Contact for pricing
3,000 SF office/warehouse with value-add potential, convenient location.
Property Size3,000 SF
Price / SF$100
Days on Market670
Property Features for 1240 27th St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Industrial, Office
Listing Agency
Elifin Realty - New Orleans, LA
(800) 895-9329
Listed by
Adrien Foley · License #955716500
Source
Crexi
Added: Sep 17, 2024 Checked: Jul 17 at 11:28 am
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 1240 27th St is a ±3,000 SF office/warehouse facility featuring concrete walls and value-add possibilities. It is suited for a variety of commercial operations needing office space or storage capabilities. The property is located near Louis Armstrong New Orleans International Airport and benefits from easy access to major routes, such as Veterans Blvd and I-10, ensuring convenience for logistics.
Key Highlights
- ±3,000 SF office/warehouse space
- Value‑add possibilities
- Concrete walls
Local 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 | $28.8k | $9.60 |
| − Vacancy | −$1.3k | −$0.43 |
| EGI | $27.5k | $9.17 |
| − OpEx | −$4.1k | −$1.38 |
| NOI | $23.4k | $7.79 |
3,000 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$594.6K
$520.3K – $693.7K
NOI $41,623 @ 7.0% cap · market cap 13.87%
Second Best
Warehouse
$334.0K
$292.2K – $389.6K
NOI $23,378 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$791.5K
$692.6K – $923.4K
NOI $55,404 @ 7.0% cap · market cap 18.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- Kenner Self Storage — 420 31st St, Kenner, LA 70065
- Hold My Luggage — 1 Terminal Dr, Kenner, LA 70062
- Everest Self Storage Facility — 450 31st St, Kenner, LA 70065
- Self-Storage at U-Haul — 2828 Marietta St, Kenner, LA 70062
- Extra Space Storage — 2201 W Napoleon Ave, Kenner, LA 70062
FAQs
What type of property is this?
Warehouse - 3,000 SF office/warehouse with value-add potential, convenient location.
Where is this warehouse located?
The property is located at 1240 27th St Kenner, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: ±3,000 SF office/warehouse space; Value‑add possibilities; Concrete walls
