Retail Space in Harvey,
For Sale
$388,000
1525 Lapalco Boulevard, Harvey, LA 70058
Commercial space in a high-traffic shopping center.
Property Size2,500 SF
Price / SF$155.20
Days on Market679
Property Features for 1525 Lapalco Boulevard
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Retail
Zoning
MUCD
Listing Agency:
Jack Stumpf & Associates Inc
Listed By:
Jon Cerruti · License #50436
(504) 366-6800
Source:
Lacdb.resimplifi
Added: Oct 31, 2024
Changed: Sep 8
Last Checked: Aug 26 at 12:18PM
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 Jack Stumpf & Associates Inc
Investment Insights
Based on property information with market context.
This commercial space is located in a condominium shopping center near the corner of Lapalco Boulevard and Manhattan Boulevard. Currently occupied by St. Amant Jewelers, the 1,000 square foot unit features a retail section in the front, separated by a wall from the work area. The location benefits from high traffic, with over 42,000 vehicles per day. Ample parking is available. Pylon signage is also available.
Key Highlights
- High‑traffic location: Over 42,000 vehicles per day.
- Prime commercial location: Situated in a condominium shopping center near the corner of Lapalco and Manhattan Boulevard.
- Existing retail setup: Currently occupied by a jeweler with a retail section and separate work area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,000
$660.0K
Cap Rate 7%
$471,429
$471.4K
Cap Rate 9%
$366,667
$366.7K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.0K $24.00/SF
− Vacancy
−$7.2K −$2.88/SF
EGI
$52.8K $21.12/SF
− OpEx
−$19.8K −$7.92/SF
NOI
$33.0K $13.20/SF
Area
Jefferson County, LA
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,000
Cap Rate 7%
$471,429
Cap Rate 9%
$366,667
Alternative Uses
Best Use
Mixed Use
$471.4K
$412.5K – $550.0K
NOI $33,000 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$659.6K
$577.1K – $769.5K
NOI $46,170 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 70058, LA
41,377
Population
16,063
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
85%
High-School Grad
12.8 sq mi
ZIP Area
3,233
Density / Sq Mi
$58,533
Median Household Income
$34,680
Median Earnings
$1,217
Median Rent
$195,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space in a high-traffic shopping center.
Where is this mixed-use property located?
The property is located at 1525 Lapalco Boulevard Harvey, LA.
What is the asking price?
The asking price for this property is $388,000.
What are key features of this property?
This property features: High‑traffic location: Over 42,000 vehicles per day.; Prime commercial location: Situated in a condominium shopping center near the corner of Lapalco and Manhattan Boulevard.; Existing retail setup: Currently occupied by a jeweler with a retail section and separate work area.
