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    Warehouse Space Near Airport Title is generated by Realmo AI

    10058 E Airline Hwy, Saint Rose, LA 70087

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    Warehouse/distribution space for lease near New Orleans Airport.

    Type:Industrial
    Property size:
    45,810 SF
    Added:
    Nov 3, 2022
    Days on Market:
    1311
    Last Refresh:
    May 12 at 9:19 pm

    Property Features for 10058 E Airline Hwy

    General Information

    Standard status
    Active
    Size
    45,810 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 10058 E Airline Hwy Contact us

    Suite A $7/Mo

    Size
    45,810 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Matt Taylor
    Matt Taylor

    Listing agent Matt Taylor License #LA 0000006690

    Listing office Property One Inc

    Listing date Nov 3, 2022

    Source Crexi

    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 Property One Inc

    HighLights

    • Rail access with covered rail car loading
    • Proximity to Louis Armstrong New Orleans International Airport (1 mile)
    • Large warehouse space: 42,517 SF
    • Total space of 45,810 SF including office space
    • Strategic location near I‑310 interchange for easy access to I‑10 and Highway 90
    • Located in the New Orleans MSA

    Overview

    Warehouse and distribution space is available for lease in the New Orleans Metropolitan Statistical Area (MSA), situated near Louis Armstrong New Orleans International Airport. Suite A offers a total of 45,810 square feet, which includes 3,293 square feet of office space and 42,517 square feet of warehouse area. The building features rail access with covered rail car loading at the rear. Located across from James Business Park, the property is one mile from Louis Armstrong New Orleans International Airport. It is located 14 miles west of downtown New Orleans and approximately two miles east of the Interstate 310 interchange at Airline Highway (U.S. 61). The I-310 connects I-10 with Highway 90 via the Hale Boggs (Destrehan-Luling) Mississippi River Bridge.
    Location Intelligence

    Current Use by Public Records

    Bergeron Freight Services, ... Trucking Company Crescent City Moving ... Moving Company Armstrong Local Movers Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Big Box & Wholesale Store Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Alliance Mini Storage LLC — 1 Geneva St, Kenner, LA 70062
    • Shipping/Receiving — Industry Rd, Kenner, LA 70062
    • Crescent City Moving and Storage New Orleans — 10058 E Airline Hwy, St Rose, LA 70087
    • HMY1 Amazon — 10057 E Airline Hwy BLDG 2, St Rose, LA 70087
    • Armstrong Local Movers — 10058 E Airline Hwy, St Rose, LA 70087

    Location Insight

    • Map
    • Local Demand
    City
    Saint Rose
    County
    St. Charles
    State
    Louisiana
    Longitude
    -90.285929
    Latitude
    29.978694

    Nearby Similar for Lease

    • $10 SF/Yr
      38,692 SF

      Service Center in James Business Park

      38,692 SF service center complex in a corporate setting.
      125 James Drive West, Saint Rose, LA 70087
      View Details
    • $14 SF/Yr
      43,055 SF

      Class A Office Building

      Three-story office building in Premier James Business Park.
      100 James Drive, Saint Rose, LA 70087
      View Details
    • $10 SF/Yr

      Office/Service Center in James Business Park

      Single-story office/service center with flexible floor plans and warehouse space.
      150 James Drive East, Saint Rose, LA 70087
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse/distribution space for lease near New Orleans Airport.
    Where is this warehouse located?
    The property is located at 10058 E Airline Hwy Saint Rose, LA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: Rail access with covered rail car loading; Proximity to Louis Armstrong New Orleans International Airport (1 mile); Large warehouse space: **42,517 SF**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Taylor
    Matt Taylor
    Real Estate License ID: LA 0000006690
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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