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

    7301 PATRICIA Street lot 1-A Arabi, LA 70032

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $40,000

    LAND - Arabi, LA

    Added:
    Oct 24, 2025
    Days on Market:
    171
    Last Refresh:
    Apr 12 at 10:06 am

    Property Features for 7301 PATRICIA Street lot 1-A

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    201400G0001A

    Taxes and HOA fees

    Tax Description
    LOT 1-A SQ. G ST.CLAUDE HGTS. SUB. LOT 1A MEAS. 35' FRT. ON PATRICIA X 31' ALONG CURVE OF THE CORNER OF PATRICIA & CENTER X 75' IN DEPTH ALONG CENTER

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Sandra Bondi

    Listing agent Sandra Bondi

    Listing office NOLA Real Estate 4-U, LLC 5500 Prytania St #209, New Orleans, LA

    Listing date Oct 24, 2025

    MLS# 2526983

    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

    Arabi Land For Sale

    This property, located at the corner of Patricia St and Center St in the heart of Arabi, presents an opportunity for building. It is suitable for either an investment property or a place to call home. The property is near Patricia Park, with new construction in the surrounding area. The purchaser is responsible for verifying zoning and permissible use. A clear title is provided. All measurements are approximate and taken from the legal description of the property.
    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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Arabi
    County
    St. Bernard
    State
    Louisiana
    Longitude
    -89.994171
    Latitude
    29.964958

    Nearby Similar for Sale

    • $750,000

      Arabi Commercial Property For Sale

      Multi-use commercial property on St. Bernard Highway, Arabi, Louisiana.
      7777 W SAINT BERNARD Highway, Arabi, LA 70032
      View Details
    • $279,900
      2,055 SF

      Renovated Tri-plex in Old Arabi

      Renovated tri-plex in Old Arabi, perfect for investment.
      616 LEBEAU Street, Arabi, LA 70032
      View Details
    • $70,000

      Double Lot in Arabi Heights

      Generous double lot near French Quarter, ideal for custom home.
      1921 ROSE Street, Arabi, LA 70032
      View Details
    • $95,000

      Cleared Double Lot in Arabi

      Cleared double lot in high-demand Arabi neighborhood.
      209 GENET Drive lot: 579A1, Arabi, LA 70032
      View Details
    • $60,000

      Commercial Corner Lot in Arabi

      Prime corner lot with slab ready for commercial project.
      6600 SAINT CLAUDE Avenue, Arabi, LA 70032
      View Details
    • $50,000
      6,311 SF

      Oversized Corner Lot in Arabi

      Vacant land in established neighborhood, ideal for new construction.
      7206 SALLY Street lot: 9, Arabi, LA 70032
      View Details
    • $49,900

      Arabi, LA Vacant Land

      Oversized lot ready for new construction in Arabi, LA.
      2000 BENJAMIN Street lot: 5, Arabi, LA 70032
      View Details
    • $69,999

      Oversized Lot Near New Orleans

      Oversized vacant land near Downtown New Orleans for sale.
      309 COUGAR Drive lot: 477A, Arabi, LA 70032
      View Details
    • $34,900

      Vacant Lot in Arabi, LA

      Vacant lot on Judge Perez Highway, ready for development.
      7215 W JUDGE PEREZ Drive lot: 10, Arabi, LA 70032
      View Details
    • $50,000

      Vacant Land in Arabi, LA

      Vacant lot ready for new home or investment property.
      7509 PATRICIA Street lot: 856A, Arabi, LA 70032
      View Details
    • $40,000
      6,540 SF

      Residential Land in Arabi, LA

      Vacant land suitable for building a dream home.
      400 DOERR Drive lot: 194, Arabi, LA 70032
      View Details
    • $65,000

      Residential Land in Growing Community

      Land in Arabi, build your dream home or investment property.
      405 GENET Drive, Arabi, LA 70032
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot near park and new construction in Arabi.
    Where is this residential land & home lot located?
    The property is located at 7301 PATRICIA Street lot 1-A Arabi, LA.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Corner lot location in the heart of Arabi.; Close proximity to Patricia Park.; Surrounded by new construction.
    (504) 304-9597
    We can help!
    Listing Contact
    Sandra Bondi
    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!