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 Market725
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:
Jonathan Cerruti
(504) 366-6800
Source:
Lacdb.resimplifi
Added: Oct 31, 2024
Changed: Oct 2
Last Checked: Oct 24 at 1:27PM
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
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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 / Yr
$33,000
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
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
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 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.
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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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Cap Rate, Value Estimation, Potential NOI and more
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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.
