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

    8404 PRINCE Drive lot 387 Chalmette, LA 70043

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $64,900

    LAND - Chalmette, LA

    Lot size:
    0.12 Acres
    Added:
    Jul 21, 2025
    Days on Market:
    266
    Last Refresh:
    Apr 12 at 7:06 am

    Property Features for 8404 PRINCE Drive lot 387

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    300501500387
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    LOT 387 SQ. 15 BUCC. VILLA NO. MEAS. 56' FRT. ON PRINCE X 46.74' WIDTH IN REAR OF 50.61' X DEPTH OF 100.11' X OPP. DEPTH OF 120'

    We can help!

    Listing Contact
    Amanda Miller
    Amanda Miller

    Listing agent Amanda Miller License #995687438

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

    Listing date Jul 21, 2025

    MLS# 2512982

    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 Land in Chalmette

    This vacant lot, located in Buccaneer Villa North in Chalmette, presents an opportunity for building a home or investment property. The lot measures approximately 51'x100'x56'x101'. The property is conveniently located, offering a short drive to the French Quarter and other New Orleans attractions. The surrounding area features new construction. The owner may consider financing as a Bond for Deed. The property is zoned R-1.
    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 Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chalmette
    County
    St. Bernard
    State
    Louisiana
    Longitude
    -89.974533
    Latitude
    29.959892

    Nearby Similar for Sale

    • $2,500,000

      Chalmette Commercial Property For Sale

      Renovated commercial building with multiple revenue streams and flexible layouts.
      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.
      BARCELONA Road lot: 4, 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 lot: 1, Chalmette, LA 70043
      View Details
    • $259,900
      2,380 SF

      Chalmette Duplex: Investment Opportunity

      Well-maintained duplex in Chalmette, ideal for investors or owner-occupants.
      8600 PATRICIA / 3565 KINGS Drive, Chalmette, LA 70043
      View Details
    • $65,000

      Commercial Lot in Chalmette, LA

      C-2 commercial lot in high-traffic Chalmette location.
      FAZZIO Road lot: B, Chalmette, LA 70043
      View Details
    • $95,000

      Commercial Lot Near Courthouse

      Commercial lot in high-traffic location near I-10.
      FAZZIO Road lot: C, Chalmette, LA 70043
      View Details
    • $100,000

      Double Lot in St. Bernard

      Double lot in Chalmette, near New Orleans' French Quarter.
      PRINCE Drive lot: 413A2, Chalmette, LA 70043
      View Details
    • $228,000

      Residential Lot in Chalmette, LA

      1.523-acre residential lot with development potential and convenient access.
      BARCELONA Road lot: 3, 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

    FAQs

    What type of property is this?
    Land - Vacant lot in Chalmette, near New Orleans.
    Where is this land located?
    The property is located at 8404 PRINCE Drive lot 387 Chalmette, LA.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: Large lot size, approximately 51'x100'x56'x101'.; Located in Buccaneer Villa North, Chalmette.; Convenient location with a short drive to the French Quarter and New Orleans.
    (504) 302-4610
    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!