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    9820 Lake Forest Blvd New Orleans, LA 70127

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    For Lease
    $6 SF/Yr

    Retail center with ample parking and high visibility.

    Property size:
    41,793 SF
    Lot size:
    41,793 SF

    Property Features for 9820 Lake Forest Blvd

    General Information

    Size
    41,793 SF

    We can help!

    Listing Contact
    Sam Hurley
    Source: Urbanproperties

    Listing Agent: Sam Hurley

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

    Learn more

    Overview

    New Orleans East Retail Center

    The property at 9820 Lake Forest Blvd is a retail center located in the West Lake Forest neighborhood of New Orleans East. Situated on approximately 2.51 acres, the center offers roughly 406 feet of frontage on Lake Forest Blvd. The parking lot was resurfaced in 2023, providing ample parking. Available suites include a 23,485 square foot space, currently outfitted as a family-fun entertainment park. The landlord owns much of the existing FF&E, offering an incoming tenant the option to utilize the existing games and attractions, if desired. This unit can be subdivided to a minimum of roughly 2,400 square feet. Additionally, there is a 2,200 square foot end-cap, 2nd generation restaurant space with drive-thru capabilities, including a grease trap. Co-tenants include Beauty & More, SouRcE SneaKeR Lab, Uniforms by Logo Express, and Revival Church for the Nations. The center is positioned just off I-10, between the Crowder Blvd & Read Blvd exits, providing great visibility and access to a vast customer base. Nearby locations include Joe W. Brown Park, USPS, Goodwill, Planet Fitness, New Orleans East Hospital, and Audubon Louisiana Nature Center. The property is suitable for shopping centers, retail properties, retail spaces, restaurants, and drive-through restaurants.
    Location Intelligence

    Current Use by Public Records

    Optimus Entertainment Amusement Center Des Select Few ... Dance Company SouRcE SneakeR Lab Shoe Store Uniforms by Logo ... Uniform Store Beauty & More NOLA Beauty Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM, Read Plaza Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -89.9785014
    Latitude
    30.0292988

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    FAQs

    What type of property is this?
    Shopping center - Retail center with ample parking and high visibility.
    Where is this shopping center located?
    The property is located at 9820 Lake Forest Blvd New Orleans, LA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on Lake Forest Blvd with a vast customer base.; - Easy access to I-10 between Crowder Blvd & Read Blvd exits.; - Suite 105: Large +/- 23,485 SF space (divisible to 2,400 SF) previously used as a family-fun entertainment park, with optional FF&E available.
    (504) 408-2285
    Request Owner's contact information
    9820 Lake Forest Blvd New Orleans, LA 70127
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    New Orleans, LA 70127
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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
    9820 Lake Forest Blvd New Orleans, LA 70127
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    Listing Contact
    Sam Hurley
    (504) 408-2285
    Learn more
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