For Sale
$3,000,000
1544 Manhattan Boulevard, Harvey, LA 70058
Retail space
Property Size14,490 SF
Price / SF$207.04
Days on Market123
Property Features for 1544 Manhattan Boulevard
General Information
Standard status
Active
Size
14,490 SF
Property subtype
Retail
Building Details
Building Size
14,490 SF
Listing Agency:
Beau Box Commercial Real Estate New Orleans
Listed By:
Victoria Waguespack
(504) 583-1119
Source:
Beaubox
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 24 at 3:14PM
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 Beau Box Commercial Real Estate New Orleans
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Investment Insights
Based on property information with market context.
Key Highlights
- 14,490 SF commercial building
- Located on Manhattan Blvd
- Prominent frontage along a busy thoroughfare for vehicular and foot traffic exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$229,021
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,580,420
$4.6M
Cap Rate 7%
$3,271,729
$3.3M
Cap Rate 9%
$2,544,678
$2.5M
Market Conditions
NOI Build-Up for 14,490 SF
Gross rent
$333.8K $23.04/SF
− Vacancy
−$6.7K −$0.46/SF
EGI
$327.2K $22.58/SF
− OpEx
−$98.2K −$6.77/SF
NOI
$229.0K $15.81/SF
Area
Jefferson County, LA
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,580,420
Cap Rate 7%
$3,271,729
Cap Rate 9%
$2,544,678
Alternative Uses
Best Use
Retail
$3.27M
$2.86M – $3.82M
NOI $229,021 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.82M
$3.35M – $4.46M
NOI $267,601 @ 7.0% cap · market cap 8.92%
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
972
Businesses Nearby
499k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 64%
Shops & Services 11%
Home Improvements & Furnishings 11%
Dining 11%
Walmart
Superstores
124,355 visits/mo
0.4 miles
Sam's Club
Superstores
101,020 visits/mo
0.3 miles
Target
Superstores
95,500 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
27,165 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
26,275 visits/mo
0.5 miles
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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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
Where is this retail space located?
The property is located at 1544 Manhattan Boulevard Harvey, LA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 14,490 SF commercial building; Located on Manhattan Blvd; Prominent frontage along a busy thoroughfare for vehicular and foot traffic exposure
