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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2504 Lexington Ave Kenner, LA 70062

    • Flex space
    • 20,909 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0008919
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 2504 Lexington Ave

    Property size
    20,909 SF
    Property type
    Flex space
    Property subtype
    Distribution centers

    Description

    This exceptional 5,000-square-foot flex/warehouse space in Kenner, Louisiana, is available for lease. Located at 2504 Lexington Ave, 70062, this single-tenant property sits within a larger 20,909-square-foot building. Boasting 19-foot center and 17-foot side clear heights, the space features three 12' x 14' overhead doors for convenient access from the front, rear, and northern side. A sizable 4,206.40-square-foot stabilized rear yard provides ample outdoor space. An aside drive offers additional access via Bainbridge Avenue. The interior layout includes three private offices, a reception area, a breakroom, and two restrooms, plus an additional shop restroom at the rear. Mezzanine storage is equipped with racks and a finished office. Three-phase power is available. The property is zoned L-I, Light Industrial (APN: 0920021313, Jefferson Parish). 2023 operating expenses totaled $1,401.68 per month ($3.36 per square foot per year), encompassing taxes, building insurance, flood insurance, and general liability insurance. The current owner-occupant plans to vacate on June 1st, 2024. This property presents a fantastic opportunity for businesses seeking a well-equipped and conveniently located warehouse space in Kenner.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kenner
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.250508
    Latitude
    30.0021555

    Comparable in this City

    • $6 SF/Yr
      33,525 SF

      Kenner Warehouse: 33,525 SF

      Prime Kenner warehouse, near I-10 & MSY.
      1508 Hickman St, Kenner, LA 70062
      View Details
    • $21 SF/Yr
      6,000 SF

      Prime Warehouse Space Available

      Modern warehouse, 2,000 sq ft, Crestview area
      15 23Rd St, Kenner, LA 70062
      View Details
    • $1,450 /Mo
      2,300 SF

      Kenner Flex Space Available

      Flex space in Kenner, 2,000 sq ft, $1,450/month gross.
      12 Sussex St, Kenner, LA 70062
      View Details
    • $4,000 /Mo
      4,101 SF

      Mixed-Use Building in Rivertown District

      Two-story mixed-use building with retail, warehouse, and apartment.
      2131 Reverend Richard Wilson Dr, Kenner, LA 70062
      View Details
    • $8 SF/Yr
      140,000 SF

      Airline Drive Redevelopment Opportunity

      Redevelopment opportunity with extensive upgrades on Airline Drive.
      100 W Airline Hwy, Kenner, LA 70062
      View Details
    • $73,620
      142,006 SF

      Airline Drive Commercial Land

      3.26 Acres Near Louis Armstrong Airport
      851 Airline Dr, Kenner, LA 70062
      View Details

    Similar Nearby for Sale

    • $325,000
      2,400 SF

      Kenner Industrial Property For Sale

      ±2,400 SF Auto Shop/Warehouse
      2307 Marietta St, Kenner, LA 70062
      View Details
    • $890,000
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      Kenner Multi-Tenant Warehouse

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      1354 Carroll St, Kenner, LA 70062
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    • $650,000
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      Kenner Warehouse: Prime Location

      Industrial warehouse, 3200 sq ft, ideal for growth
      2415 Tyler St, Kenner, LA 70062
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    • $344,190
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      Kenner Warehouse: Value-Add Opportunity

      3,000 SF Warehouse, Kenner, LA
      1240 27Th St, Kenner, LA 70062
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    • $725,000
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      Kenner Warehouse Investment Opportunity

      7,850 SF industrial building in Kenner, LA, 100% occupied.
      2416 Connecticut Ave, Kenner, LA 70062
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    • $399,000
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      Kenner Warehouse For Sale

      4,688 SF warehouse available in Kenner, Louisiana.
      2118 Florida Ave, Kenner, LA 70062
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      33,525 SF

      Kenner Warehouse: 33,525 SF

      Prime Kenner warehouse, near I-10 & MSY.
      1508 Hickman St, Kenner, LA 70062
      View Details
    • $21 SF/Yr
      6,000 SF

      Prime Warehouse Space Available

      Modern warehouse, 2,000 sq ft, Crestview area
      15 23Rd St, Kenner, LA 70062
      View Details
    • $1,450 /Mo
      2,300 SF

      Kenner Flex Space Available

      Flex space in Kenner, 2,000 sq ft, $1,450/month gross.
      12 Sussex St, Kenner, LA 70062
      View Details
    • $4,000 /Mo
      4,101 SF

      Mixed-Use Building in Rivertown District

      Two-story mixed-use building with retail, warehouse, and apartment.
      2131 Reverend Richard Wilson Dr, Kenner, LA 70062
      View Details
    • $8 SF/Yr
      140,000 SF

      Airline Drive Redevelopment Opportunity

      Redevelopment opportunity with extensive upgrades on Airline Drive.
      100 W Airline Hwy, Kenner, LA 70062
      View Details
    • $73,620
      142,006 SF

      Airline Drive Commercial Land

      3.26 Acres Near Louis Armstrong Airport
      851 Airline Dr, Kenner, LA 70062
      View Details
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    2504 Lexington Ave
    Kenner, LA 70062
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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.

    More about this property
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