Mixed-Use Building with Fenced
For Sale
$205,000
3001 Jean Lafitte Pkwy, Chalmette, LA 70043
Warehouse, office, and upstairs apartment space are arranged within a fenced commercial property.
Property Size2,300 SF
Price / SF$89.13
Days on Market25
Property Features for 3001 Jean Lafitte Pkwy
General Information
Standard status
Active
Size
2,300 SF
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1978
Listing Agency:
Weichert Realtors, Loescher Pr
(504) 281-2232
Listed By:
Stacey Dauzat
Source:
Fiorellaavenue
Added: Aug 6
Changed: Aug 30
Last Checked: Aug 25 at 4:35AM
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 Weichert Realtors, Loescher Pr
Investment Insights
Based on property information with market context.
Built in 1978, this mixed-use property combines warehouse space, office areas, and an apartment located on the upper level. A fenced yard provides enclosed exterior space associated with the improvements.
The property is located at 3001 Jean Lafitte Pkwy in Chalmette, Louisiana. Buyers should independently confirm zoning and permitted usage for their intended plans.
The property is located at 3001 Jean Lafitte Pkwy in Chalmette, Louisiana. Buyers should independently confirm zoning and permitted usage for their intended plans.
Key Highlights
- Warehouse, office, and upstairs apartment components
- Fenced yard included with the property
- Constructed in 1978
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
$18,498
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
9.02%
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%
$369,960
$370.0K
Cap Rate 7%
$264,257
$264.3K
Cap Rate 9%
$205,533
$205.5K
Market Conditions
NOI Build-Up for 2,300 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
$22.9K $9.96/SF
− Vacancy
−$1.1K −$0.50/SF
EGI
$21.8K $9.46/SF
− OpEx
−$3.3K −$1.42/SF
NOI
$18.5K $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%
$369,960
Cap Rate 7%
$264,257
Cap Rate 9%
$205,533
Alternative Uses
Best Use
Office B
$455.9K
$398.9K – $531.9K
NOI $31,911 @ 7.0% cap · market cap 15.57%
Second Best
Mixed Use
$433.7K
$379.5K – $506.0K
NOI $30,360 @ 7.0% cap · market cap 14.81%
Theoretical Best
Office A
$606.8K
$531.0K – $707.9K
NOI $42,476 @ 7.0% cap · market cap 20.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Warehouse, office, and upstairs apartment space are arranged within a fenced commercial property.
Where is this mixed-use property located?
The property is located at 3001 Jean Lafitte Pkwy Chalmette, LA.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Warehouse, office, and upstairs apartment components; Fenced yard included with the property; Constructed in 1978
