Listing Agency: Property One Inc New Orleans Show Phone

Listed By: David Da Cunha · License #47108-ACT Show Phone

Source: Moodyscre

Added: Oct 7 Changed: Oct 10 Last Checked: Oct 12 at 8:40PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Property One Inc New Orleans

Investment Insights

Based on property information with market context.

The offering brings together the SnoWizard business and the commercial property it occupies. SnoWizard has operated for nearly 90 years and serves customers across Greater New Orleans and the Gulf Coast. The property measures 28,660 square feet and includes leased space with existing tenants.

River Road provides access to Jefferson Highway, Airline Drive, Causeway Boulevard, I-10, and the Huey P. Long Bridge. The surrounding area includes residential neighborhoods, medical and professional services, and a mix of commercial uses.

Key Highlights

• 28,660‑square‑foot commercial property
• Includes the SnoWizard business, operating for nearly 90 years
• Existing leased space and tenants

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$182,965

Cap Rate

3.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,659,300 $3.7M

Cap Rate 7%

$2,613,786 $2.6M

Cap Rate 9%

$2,032,944 $2.0M

Market Conditions

NOI Build-Up for 28,660 SF

Gross rent

$275.1K $9.60/SF

− Vacancy

−$13.8K −$0.48/SF

EGI

$261.4K $9.12/SF

− OpEx

−$78.4K −$2.74/SF

NOI

$183.0K $6.38/SF

Area

New Orleans, LA

Vacancy

5.00%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,659,300

Cap Rate 7%

$2,613,786

Cap Rate 9%

$2,032,944

Alternative Uses

Best Use

Industrial

$2.61M

$2.29M – $3.05M (±1% cap)

NOI $182,965 @ 7.0% cap · market cap 3.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.28M

$6.37M – $8.50M (±1% cap)

NOI $509,910 @ 7.0% cap · market cap 10.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Tyler Lusignan Physician Ronald Reginald's Vanillas Corporate Office Professional Taylor County ... General Contractor Drescher Renee L Physician Jasmine Mahtook Physician

Suggested Use

Top Pick Dental Office Electrical Service Computer & Electronic Repair HVAC Service Tech Support Center Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,244

Businesses Nearby

Explore this area Business Placement

Demographics for 70121, LA

11,523

Population

6,415

Households

1.8

Avg Household Size

46

Median Age

36%

College-Educated

88%

High-School Grad

3.3 sq mi

ZIP Area

3,492

Density / Sq Mi

$59,029

Median Household Income

$40,151

Median Earnings

$1,113

Median Rent

$237,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Industrial property - The offering combines the SnoWizard operating business, commercial real estate ownership, and space leased to existing tenants.

Where is this industrial property located?

The property is located at 101 River Rd Jefferson, LA.

What is the asking price?

The asking price for this property is $4,795,000.

What are key features of this property?

This property features: 28,660‑square‑foot commercial property; Includes the SnoWizard business, operating for nearly 90 years; Existing leased space and tenants