Updated Flex Space with
For Sale
$950,000
223 E Judge Perez Dr, Chalmette, LA 70043
Updated commercial space combines open retail area, offices, parts storage, and a conditioned warehouse.
Property Size12,740 SF
Price / SF$88.11
Days on Market102
Property Features for 223 E Judge Perez Dr
General Information
Standard status
Active
Size
12,740 SF
Total Parking Spaces
14
Zoning
C-1
Site & Location
Corner Location
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
1,958 SF
Conditioned Warehouse
Yes
Building Details
Year Built
1982
Building Size
12,740 SF
Listing Agency:
Century 21 Investment Realty
Listed By:
Jeff Breland · License #000053741
(504) 415-2652
Source:
Dominionplace
Added: Jul 18
Changed: Oct 26
Last Checked: Oct 7 at 2:18PM
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 Century 21 Investment Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space offers 12,740 SF overall, including 10,782 SF of heated and cooled area. The layout includes a broad open retail floor, parts room, office, and a 1,958 SF warehouse with a heated and cooled work area. Recent improvements include HVAC, insulation, interior paint, flooring, and roof upgrades.
The property provides 150 feet of frontage along E. Judge Perez Dr, with 14 parking spaces plus overflow parking. C-1 Neighborhood Commercial zoning and Flood Zone X designation are also in place.
The property provides 150 feet of frontage along E. Judge Perez Dr, with 14 parking spaces plus overflow parking. C-1 Neighborhood Commercial zoning and Flood Zone X designation are also in place.
Key Highlights
- 12,740 SF total, including 10,782 SF heated and cooled
- 1,958 SF warehouse with heated and cooled working area
- 150' frontage along E. Judge Perez Dr
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,716
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,734,320
$1.7M
Cap Rate 7%
$1,238,800
$1.2M
Cap Rate 9%
$963,511
$963.5K
Market Conditions
NOI Build-Up for 10,782 SF
Gross rent
$107.4K $9.96/SF
− Vacancy
−$5.4K −$0.50/SF
EGI
$102.0K $9.46/SF
− OpEx
−$15.3K −$1.42/SF
NOI
$86.7K $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 Rate 5%
$1,734,320
Cap Rate 7%
$1,238,800
Cap Rate 9%
$963,511
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,414 @ 7.0% cap · market cap 17.94%
Second Best
Warehouse
$1.24M
$1.08M – $1.45M
NOI $86,716 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $199,122 @ 7.0% cap · market cap 20.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial space combines open retail area, offices, parts storage, and a conditioned warehouse.
Where is this flex space located?
The property is located at 223 E Judge Perez Dr Chalmette, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 12,740 SF total, including 10,782 SF heated and cooled; 1,958 SF warehouse with heated and cooled working area; 150' frontage along E. Judge Perez Dr
