Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3700 KAREN Drive Chalmette, LA 70043

    View on Map
    For Sale
    $56,000

    Vacant Land - Chalmette, LA

    Lot size:
    0.13 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    25
    Last Refresh:
    Apr 3 at 7:06 am

    Property Features for 3700 KAREN Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Amanda Miller
    Amanda Miller

    Listing agent Amanda Miller

    Listing office Amanda Miller Realty, LLC 300 West Judge Perez Drive, Chalmette, LA

    Listing date Mar 10, 2026

    MLS# 2546980 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Established Neighborhood

    Located on Karen Drive, this vacant lot presents an opportunity to build a custom residence in an established Chalmette neighborhood. The property measures 55 feet by 102 feet, totaling approximately 0.129 acres. The surrounding area features attractive homes, offering a sense of community. The Val Riess Sports Complex, with 33 acres of fields, parks, and recreation, is located nearby. Chalmette High and Lacoste Elementary schools are also within close proximity, as are shopping and dining options. This property is suitable for homeowners and builders looking for potential in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chalmette
    County
    St. Bernard
    State
    Louisiana
    Longitude
    -89.947402
    Latitude
    29.949757

    Nearby Similar for Sale

    • $2,500,000

      Renovated Commercial Building Near Studios

      Two-story commercial building with modern interiors and ample parking.
      8411 PARC Place, Chalmette, LA 70043
      View Details
    • $178,000

      Commercial Lot on St. Bernard Highway

      Commercial lot in a visible location with development potential.
      Lot 4 BARCELONA Road, Chalmette, LA 70043
      View Details
    • $419,900
      2,744 SF

      New Chalmette Duplex: Modern Design

      Move-in ready duplex in Chalmette with modern finishes.
      3400 MONTESQUIEU Street, Chalmette, LA 70043
      View Details
    • $395,000
      1,812 SF

      Chalmette Duplex: Modern Living

      Custom-built duplex in Chalmette with modern amenities and convenient location.
      308 RIESS Place, Chalmette, LA 70043
      View Details
    • $170,000

      Commercial Lot Near Courthouse

      C-2 zoned commercial lot in high-traffic location.
      1001-1007 W SAINT BERNARD Highway, Chalmette, LA 70043
      View Details
    • $199,000

      Commercial Land on High-Traffic Corner

      Corner lot with highway frontage in high-traffic area.
      801 E JUDGE PEREZ Drive, Chalmette, LA 70043
      View Details
    • $450,000
      4,000 SF

      Commercial Building in Chalmette, LA

      Commercial building with many possibilities for sale in Chalmette.
      8324 LAFITTE Court, Chalmette, LA 70043
      View Details
    • $228,000

      Residential Lot in Chalmette, LA

      1.523-acre residential lot with development potential and convenient access.
      Lot 3 BARCELONA Road, Chalmette, LA 70043
      View Details
    • $100,000

      Double Lot in Chalmette, LA

      Double lot in St. Bernard Parish, near New Orleans.
      0 PRINCE Drive, Chalmette, LA 70043
      View Details
    • $249,900
      1,700 SF

      Income-Producing Duplex in Chalmette, LA

      Fully rented duplex in a non-flood zone with great potential.
      9100 TITANS Drive, Chalmette, LA 70043
      View Details
    • $436,000
      1,721 SF

      Versatile Multi-Use Commercial Property

      Two buildings in Chalmette ideal for business or live/work setup.
      2005-09 BARCELONA Drive, Chalmette, LA 70043
      View Details
    • $235,000
      1,920 SF

      Chalmette Duplex: Investor Opportunity

      Duplex in Chalmette, LA, great for investors or owner-occupants.
      3322 LAPLACE Street, Chalmette, LA 70092
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land perfect for building a dream home.
    Where is this residential land & home lot located?
    The property is located at 3700 KAREN Drive Chalmette, LA.
    What is the asking price?
    The asking price for this property is $56,000.
    What are key features of this property?
    This property features: Prime location on a desirable street in Chalmette.; Opportunity to build a custom dream home.; Proximity to the Val Riess Sports Complex (33 acres of fields, parks, and recreation).
    (504) 250-0059
    We can help!
    Listing Contact
    Amanda Miller
    Amanda Miller
    Real Estate License ID: 995687438
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!