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    1539 River Oaks Rd East Harahan, LA 70123

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    For Lease
    $3,500 /Mo

    3,000 SF flex space with retail appeal available now.

    We can help!

    Listing Contact
    Trimble Green, Sior
    Source: Naiglobal

    Listing Agent: Trimble Green, Sior

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

    Learn more

    Property Insight Report

    Overview

    Harahan Flex Space For Rent

    This +/- 3,000 square foot flex space offers retail appeal and includes +/- 2,600 square feet of open office and showroom space. Additionally, it features a +/- 400 square foot high bay storage area equipped with a 10’x14’ electric overhead door. The property is a corner space located at the intersection of high-traffic Citrus Boulevard and River Oaks Road East. The layout includes multiple private offices, a conference room, a full kitchen, and a 1,000 square foot open office/showroom area. There are 12 parking spaces available. The property is available for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EHS911 High School River Oaks Court Apartment Building Global Educational Resource ... Charitable Organization A1 Computers Electronics & Wireless Store Alpha Leadership & Safety ... Business Management Consultant

    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.

    Similar Places Nearby

    The Moore Venue, 12 Seasons Catering & Events, American Roadshow Catering, Rosemary & Roux Catering, la Madeleine

    Location Insight

    • Map
    • Local Demand
    City
    Harahan
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.2009877
    Latitude
    29.9636742

    Nearby Similar for Lease

    • $18 SF/Yr

      Harahan Office Building For Lease

      Professional office building in Harahan, ideal for various businesses.
      1939 Hickory Ave, Harahan, LA 70123
      View Details
    • $3,000 /Mo
      1,800 SF

      Renovated Commercial Property in Harahan

      Renovated office space with showrooms, kitchen, parking, and storage options.
      621 Hickory Ave, Harahan, LA 70123
      View Details
    • $10 SF/Yr
      36,096 SF

      Jefferson Hwy Retail Center

      Elmwood, LA Retail Space Available
      6005 Jefferson Hwy, Harahan, LA 70123
      View Details

    FAQs

    What type of property is this?
    Flex space - 3,000 SF flex space with retail appeal available now.
    Where is this flex space located?
    The property is located at 1539 River Oaks Rd East Harahan, LA.
    What is the lease rate?
    The lease rate is $3,500 /Mo.
    What are key features of this property?
    This property features: - High-traffic corner location at Citrus Blvd and River Oaks Rd East.; - 3,000sf space suitable for retail, office, and showroom use.; - Includes a **400sf high bay storage area** with a **10’x14’ electric overhead door**.
    (504) 669-8722
    Request Owner's contact information
    1539 River Oaks Rd East Harahan, LA 70123
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    Harahan, LA 70123
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    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
    1539 River Oaks Rd East Harahan, LA 70123
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    Listing Contact
    Trimble Green, Sior
    (504) 669-8722 (504) 569-9312
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