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

    223 Judge Perez Dr Chalmette, LA 70043

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    High-profile corner lot, updated building, great location.

    Property size:
    12,740 SF

    Property Features for 223 Judge Perez Dr

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,740 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Jeff Breland
    Jeff Breland

    Listing Agency: Century 21 Investment Realty Listing Agent: Jeff Breland

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property at 223 E Judge Perez Drive in Chalmette, Louisiana, presents a unique investment opportunity. Boasting a high-profile corner location with 150 feet of frontage along E. Judge Perez Drive, this 12,740 square foot building offers significant visibility and accessibility. The property includes 10,782 square feet of heated and cooled space, ideal for a variety of commercial uses. The layout features a free-span retail area, a dedicated parts room, and office space, providing flexibility for diverse business needs. A substantial 1,958 square foot warehouse with its own heated and cooled working area adds to the property's versatility. Recent renovations have completely updated the building, encompassing HVAC systems, insulation, paint, flooring, and roof upgrades, ensuring efficiency and modern appeal. Ample parking is provided with 14 designated spaces plus overflow parking. The property is zoned C-1 Neighborhood Commercial and sits within a Flood Zone X designation. The 0.4-acre lot offers significant potential for expansion or outdoor uses. Currently operating as a hardware store, this turnkey operation presents an opportunity to acquire both the real estate and the ongoing business for $1,350,000. The real estate alone is offered at $950,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chalmette Home & Power ... Building Supply

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness 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
    -89.96162
    Latitude
    29.94228

    Nearby Similar for Sale

    • New
      $425,000
      2,306 SF

      Chalmette Office Building For Sale

      Two-story office building with high visibility in Chalmette, Louisiana.
      3025 Paris Rd, Chalmette, LA 70043
      View Details
    • New
      $275,000
      2,286 SF

      Two-Story Office Building Near College

      Professional office building near Nunez Community College with owner financing.
      3518 Fenelon St, Chalmette, LA 70043
      View Details
    • $450,000
      0.19 Acres

      Chalmette Commercial Warehouse/Office/Storage Opportunity

      Commercial warehouse/office/mini storage in Chalmette, ready for various applications.
      4002-04 Laviosier St, Chalmette, LA 70043
      View Details
    • New
      $265,000
      3,200 SF

      Newer Industrial Building in Chalmette

      Newer industrial metal building with roll-up doors and high ceilings.
      3911 Delambert St, Chalmette, LA 70043
      View Details
    • $2,500,000
      0.40 Acres

      Renovated Commercial Building Near Studios

      Two-story commercial building with modern interiors and ample parking.
      8411 Parc Pl, Chalmette, LA 70043
      View Details
    • $429,900
      2,744 SF

      New Chalmette Duplex: Modern Design

      Move-in ready duplex in Chalmette with modern features.
      3400 Montesquieu St, Chalmette, LA 70043
      View Details
    • $750,000
      4,200 SF

      Turn-Key Restaurant with Vacant Lot

      Renovated restaurant with prime visibility and extra vacant lot.
      1530 E Judge Perez Dr, 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 Pl, Chalmette, LA 70043
      View Details
    • New
      $269,000
      2,250 SF

      Well-Maintained Duplex in Chalmette

      Chalmette duplex with rental income potential in established neighborhood.
      3509-3511 Jupiter Dr, Chalmette, LA 70043
      View Details
    • $225,000
      1,977 SF

      Well-Maintained Duplex in Chalmette

      Chalmette duplex with separate units, garages, and private yards.
      2013 Gallo Dr, Chalmette, LA 70043
      View Details
    • $229,900
      1,738 SF

      Chalmette Duplex with Spacious Units

      Duplex in Chalmette, ideal for investors or owner-occupants.
      3208 Pakenham Dr, 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 Ct, Chalmette, LA 70043
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - High-profile corner lot, updated building, great location.
    Where is this commercial real estate located?
    The property is located at 223 Judge Perez Dr Chalmette, LA.
    What is the asking price?
    The asking price for this property is $950,000.
    (985) 643-4200
    Request Owner's contact information
    223 Judge Perez Dr Chalmette, LA 70043
    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.
    223 Judge Perez Dr
    Chalmette, LA 70043
    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
    223 Judge Perez Dr Chalmette, LA 70043
    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

    We can help!
    Listing Contact
    Jeff Breland
    Jeff Breland
    (985) 643-4200 (504) 415-2652
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!