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

    3329 Florida Ave Kenner, LA 70065

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0541213
    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

    • Le Blanc Michael K / Attorney
    • D'Aquila Volk Mullins / Legal Services
    • Sleep Rite LLC / Sleep Clinic / Health Consultant
    • Palm Angels Preschool Academy / Day Care Center
    • S G Shipping Co Inc / Freight Forwarding Service

    Property Details for 3329 Florida Ave

    Property type
    Commercial real estate

    Description

    This exceptional two-story office building, located at 3329 Florida Avenue in Kenner, Louisiana, presents a compelling investment opportunity. Priced at $850,000, the property boasts a prime location in the heart of Kenner, offering convenient access to major thoroughfares and local amenities. The building's traditional office design is well-suited for a variety of professional uses. A significant advantage is the expansive lot size, providing abundant on-site parking for tenants and visitors. The property's address is 3329 Florida Ave, Kenner, LA 70065, situated within Jefferson Parish. The building's precise geographic coordinates are latitude 30.0173323 and longitude -90.2409114. This substantial property offers a rare combination of location, size, and parking, making it an ideal acquisition for investors seeking a strong return on investment in a thriving Louisiana market. The building's traditional style and ample space provide flexibility for various business needs. The large parking area is a key feature, addressing a common concern for office tenants. This property is classified as a traditional office building.

    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
    -90.2409114
    Latitude
    30.0173323

    Comparable in this City

    • $1,150,000
      3,578 SF

      Kenner Office Building For Sale

      Prime Kenner office space, 3,578 sq ft.
      810 Esplanade Ave, Kenner, LA 70065
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    • $180,000
      1,400 SF

      Office Space on Williams Blvd

      Office space with good visibility on Williams Blvd for sale.
      4340 Williams Blvd, Kenner, LA 70065
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    • $230,000
      1,796 SF

      Kenner Executive Office Building

      Prime Kenner location, 1,400 rentable sq ft.
      4317 Williams Blvd, Kenner, LA 70065
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    • $55,000
      0.11 Acres

      Vacant Land in Kenner, LA

      Cleared land ready for construction in a desirable Kenner neighborhood.
      3133 Dawson St, Kenner, LA 70065
      View Details
    • $850,000
      6,400 SF

      Kenner 4-Plex Investment Property

      Modern 4-plex in Kenner with strong rental income potential.
      3572 Martinique Ave, Kenner, LA 70065
      View Details
    • $325,000
      2,675 SF

      Kenner Duplex with Recent Upgrades

      Well-maintained Kenner duplex with new roofs and separate meters.
      204-206 Duke Dr, Kenner, LA 70065
      View Details

    Similar Nearby for Sale

    • $1,150,000
      3,578 SF

      Kenner Office Building For Sale

      Prime Kenner office space, 3,578 sq ft.
      810 Esplanade Ave, Kenner, LA 70065
      View Details
    • $180,000
      1,400 SF

      Office Space on Williams Blvd

      Office space with good visibility on Williams Blvd for sale.
      4340 Williams Blvd, Kenner, LA 70065
      View Details
    • $230,000
      1,796 SF

      Kenner Executive Office Building

      Prime Kenner location, 1,400 rentable sq ft.
      4317 Williams Blvd, Kenner, LA 70065
      View Details
    • $55,000
      0.11 Acres

      Vacant Land in Kenner, LA

      Cleared land ready for construction in a desirable Kenner neighborhood.
      3133 Dawson St, Kenner, LA 70065
      View Details
    • $850,000
      6,400 SF

      Kenner 4-Plex Investment Property

      Modern 4-plex in Kenner with strong rental income potential.
      3572 Martinique Ave, Kenner, LA 70065
      View Details
    • $325,000
      2,675 SF

      Kenner Duplex with Recent Upgrades

      Well-maintained Kenner duplex with new roofs and separate meters.
      204-206 Duke Dr, Kenner, LA 70065
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,000 SF

      Kenner Medical Office Suite for Lease

      Turnkey medical space, high visibility location
      3405 Williams Blvd, Kenner, LA 70065
      View Details
    • $1,300 /Mo

      Professional Office Space For Rent

      Professional office space featuring multiple offices, kitchen, and bathroom.
      3645 Williams Blvd, Kenner, LA 70065
      View Details
    • $11 SF/Yr
      17,800 SF

      Chateau Village: Retail Space Available

      Prime Kenner retail center; multiple suites, ample parking.
      3501 Chateau Blvd, Kenner, LA 70065
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    • Contact for pricing
      217,863 SF

      Esplanade Mall Retail Opportunity

      Premier retail destination with anchor stores and redevelopment potential.
      1401 W Esplanade Ave, Kenner, LA 70065
      View Details
    • Contact for pricing
      93,927 SF

      Kenner Retail Space For Lease

      High-traffic Kenner retail space available.
      4041 Williams Blvd, Kenner, LA 70065
      View Details
    • $5,000 /Mo
      7,200 SF

      Commercial Land in Kenner, LA

      Vacant commercial land for lease in a thriving business area.
      2700 W 27Th St, Kenner, LA 70065
      View Details
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    3329 Florida Ave
    Kenner, LA 70065
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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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