Corner Storefront
For Sale
$349,900
209 E Judge Perez Dr, Chalmette, LA 70043
Updated retail building with flexible open sales space, support rooms, warehouse area, and C-1 neighborhood commercial zoning.
Property Size12,740 SF
Price / SF$99.40
Days on Market332
Property Features for 209 E Judge Perez Dr
General Information
Standard status
Active
Size
12,740 SF
Total Parking Spaces
14
Property subtype
Retail
Zoning
COMMERCIAL
Site & Location
Frontage
150 ft
Corner Location
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
1,958 SF
Conditioned Warehouse
Yes
Amenities
Power
Water
Sewer
Building Details
Buildings
1
Building Size
12,740 SF
Tenancy
Single
Listing Agency:
ABEK Real Estate
(985) 788-4993
Listed By:
Larry Haik · License #53741
(985) 788-4993
Source:
Lacdb.resimplifi
Added: Oct 2, 2025
Changed: Aug 28
Last Checked: Aug 28 at 6:52AM
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 ABEK Real Estate
Investment Insights
Based on property information with market context.
This storefront property contains 12,740 SF, including 10,782 SF of heated and cooled space. The interior provides an open-span retail area supported by a parts room and office, along with a 1,958 SF warehouse that includes a heated and cooled work area. Building improvements include HVAC, insulation, interior paint, flooring, and roof upgrades.
The property occupies a corner location with 150 feet of frontage along E. Judge Perez Drive. On-site parking includes 14 spaces plus overflow capacity. C-1 Neighborhood Commercial zoning and Flood Zone X designation are also in place.
The property occupies a corner location with 150 feet of frontage along E. Judge Perez Drive. On-site parking includes 14 spaces plus overflow capacity. C-1 Neighborhood Commercial zoning and Flood Zone X designation are also in place.
Key Highlights
- 12,740 SF building with 10,782 SF of heated and cooled area
- 1,958 SF warehouse with heated and cooled work area
- 150' frontage along E. Judge Perez Dr
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
$28,310
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
8.09%
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%
$566,200
$566.2K
Cap Rate 7%
$404,429
$404.4K
Cap Rate 9%
$314,556
$314.6K
Market Conditions
NOI Build-Up for 3,520 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
$35.1K $9.96/SF
− Vacancy
−$1.8K −$0.50/SF
EGI
$33.3K $9.46/SF
− OpEx
−$5.0K −$1.42/SF
NOI
$28.3K $8.04/SF
Area
St. Bernard County, LA
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$566,200
Cap Rate 7%
$404,429
Cap Rate 9%
$314,556
Alternative Uses
Best Use
Retail
$794.8K
$695.4K – $927.3K
NOI $55,635 @ 7.0% cap · market cap 15.90%
Second Best
Warehouse
$404.4K
$353.9K – $471.8K
NOI $28,310 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$928.7K
$812.6K – $1.08M
NOI $65,007 @ 7.0% cap · market cap 18.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
872
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated retail building with flexible open sales space, support rooms, warehouse area, and C-1 neighborhood commercial zoning.
Where is this storefront property located?
The property is located at 209 E Judge Perez Dr Chalmette, LA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 12,740 SF building with 10,782 SF of heated and cooled area; 1,958 SF warehouse with heated and cooled work area; 150' frontage along E. Judge Perez Dr
