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

    2744 Lexington Ave Kenner, LA 70062

    • Office space
    • 13,840 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0011490
    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

    • Office space

    Property Details for 2744 Lexington Ave

    Property size
    13,840 SF
    Property type
    Office space

    Description

    This exceptional Kenner, Louisiana commercial property presents a unique investment opportunity. The 13,840-square-foot building boasts a versatile layout ideal for creative businesses. The property features a substantial 10,000-square-foot warehouse component, complete with high ceilings, a loading dock accommodating three containers, and two garage doors for convenient access from Danville Street. The warehouse also includes two offices and two full bathrooms. Upstairs, 3,840 square feet of office space offers ten individual offices, a kitchen, a lunchroom, a conference room, two full bathrooms, and two half bathrooms. Adding significant value is a 9,600-square-foot fenced lot situated behind the building, perfect for equipment and vehicle storage. Located in Jefferson Parish, with a COMM zoning designation, this property offers easy access to major interstates and the airport, making it an attractive location for a variety of businesses. The asking price is $1,600,000, translating to $115.61 per square foot. This property is situated at 2744 Lexington Ave, Kenner, LA 70062.

    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
    -90.2507463
    Latitude
    30.0059257

    Comparable in this City

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    • $495,000
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      Airport Area Office/Flex Building

      Kenner, LA Office Space - $495,000
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    • $5,995,999
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      Kenner Shopping Center For Sale

      Two-story shopping center with high visibility and ample parking.
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    • $1,700,000
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      Kenner Commercial Property: High-Traffic Location

      58,000 SF, Mixed-Use Potential, High Visibility
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    • $315,000
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      Kenner Duplex For Sale

      Well-maintained Kenner duplex with long-term tenants and recent upgrades.
      832-34 27Th St, Kenner, LA 70062
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    • $79,000

      Residential Land Near Kenner Airport

      Vacant lot near Kenner Airport, ideal for new construction.
      2015 Kansas Ave, Kenner, LA 70062
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    Similar Nearby for Sale

    • $1,275,000
      14,406 SF

      Kenner Office Condominium Offering

      Two office buildings totaling ±14,406 SF on ±25,500 SF lot.
      2002 20Th St, Kenner, LA 70062
      View Details
    • $495,000
      4,688 SF

      Airport Area Office/Flex Building

      Kenner, LA Office Space - $495,000
      2118 Florida Ave, Kenner, LA 70062
      View Details
    • $5,995,999
      24,630 SF

      Kenner Shopping Center For Sale

      Two-story shopping center with high visibility and ample parking.
      2401 Veterans Memorial Blvd, Kenner, LA 70062
      View Details
    • $1,700,000
      58,000 SF

      Kenner Commercial Property: High-Traffic Location

      58,000 SF, Mixed-Use Potential, High Visibility
      2300 Airline Dr, Kenner, LA 70062
      View Details
    • $315,000
      2,600 SF

      Kenner Duplex For Sale

      Well-maintained Kenner duplex with long-term tenants and recent upgrades.
      832-34 27Th St, Kenner, LA 70062
      View Details
    • $79,000

      Residential Land Near Kenner Airport

      Vacant lot near Kenner Airport, ideal for new construction.
      2015 Kansas Ave, Kenner, LA 70062
      View Details

    Similar Nearby for Lease

    • $1,450 /Mo
      2,300 SF

      Kenner Flex Space Available

      Flex space in Kenner, 2,000 sq ft, $1,450/month gross.
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    • $1,800 /Mo

      Versatile Commercial Space Available

      Second-story commercial space suitable for various business types.
      2728 Decatur St, Kenner, LA 70062
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    • New
      $15,000 /Mo
      1,879 SF

      High-Visibility Car Lot with Office

      Prime commercial lease opportunity for automotive or retail businesses.
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    • $17 SF/Yr
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      Kenner Office Space for Lease

      Prime Kenner location, flexible suites, ample parking
      2200 Veterans Memorial Blvd, Kenner, LA 70062
      View Details
    • $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
    • $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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    2744 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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