Standalone Flex Industrial
For Sale
$738,000
A1-2601 Lexington Ave, Kenner, LA 70062
Special Industrial zoning supports a range of industrial and service-oriented uses.
Property Size4,300 SF
Lot Size0.50 Acres
Price / SF$171.63
Days on Market155
Property Features for A1-2601 Lexington Ave
General Information
Standard status
Active
Size
4,300 SF
Lot size
0.50 Acres
Zoning
Special Industrial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Buildings
1
Building Size
4,300 SF
Listing Agency:
The Agency of M. Grass Group, LLC
(504) 237-3359
Listed By:
Matthew Grass · License #23286
(504) 237-3359
Source:
Exprealty
Added: Mar 30
Changed: Aug 29
Last Checked: Aug 30 at 11:02PM
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 Agency of M. Grass Group, LLC
Investment Insights
Based on property information with market context.
This standalone flex property contains approximately 4,300 SF of industrial space in a functional configuration. The building includes a roll-up door and dedicated yard area, providing outdoor room for operations, storage, or fleet-related needs. The site occupies an approximately 182-foot by 120-foot lot, offering a practical balance of enclosed workspace and exterior operating area.
Located in Kenner near I-10 and MSY, the property provides access to established regional transportation infrastructure and the airport. Special Industrial zoning allows a broad range of industrial uses, while the combination of building area, grade-level access, and yard space supports both industrial and service-oriented applications.
Located in Kenner near I-10 and MSY, the property provides access to established regional transportation infrastructure and the airport. Special Industrial zoning allows a broad range of industrial uses, while the combination of building area, grade-level access, and yard space supports both industrial and service-oriented applications.
Key Highlights
- Approximately 4,300 SF of flex industrial space
- Approximately 182’ x 120’ lot
- Standalone building with roll‑up door
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
$31,528
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
4.27%
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%
$630,560
$630.6K
Cap Rate 7%
$450,400
$450.4K
Cap Rate 9%
$350,311
$350.3K
Market Conditions
NOI Build-Up for 4,300 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
$51.6K $12.00/SF
− Vacancy
−$3.1K −$0.72/SF
EGI
$48.5K $11.28/SF
− OpEx
−$17.0K −$3.95/SF
NOI
$31.5K $7.33/SF
Area
Jefferson County, LA
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$630,560
Cap Rate 7%
$450,400
Cap Rate 9%
$350,311
Alternative Uses
Best Use
Flex RnD
$450.4K
$394.1K – $525.5K
NOI $31,528 @ 7.0% cap · market cap 4.27%
Second Best
Industrial
$367.7K
$321.7K – $428.9K
NOI $25,736 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.13M
$992.7K – $1.32M
NOI $79,412 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Under-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 Industrial 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?
Flex space - Special Industrial zoning supports a range of industrial and service-oriented uses.
Where is this flex space located?
The property is located at A1-2601 Lexington Ave Kenner, LA.
What is the asking price?
The asking price for this property is $738,000.
What are key features of this property?
This property features: Approximately 4,300 SF of flex industrial space; Approximately 182’ x 120’ lot; Standalone building with roll‑up door
