Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    315 W Genie St Chalmette, LA 70043

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,250 /Mo

    3,600 SF commercial office space, move-in ready.

    Property size:
    3,600 SF
    Added:
    Jul 15, 2024
    Days on Market:
    653
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 315 W Genie St

    General Information

    Standard status
    Active
    Size
    3,600 SF

    We can help!

    Listing Contact
    RAVI R SHETYE

    Listing agent RAVI R SHETYE License #995704547

    Listing office RS Realty Group LLC

    Listing date Jul 15, 2024

    Source Exprealty

    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 RS Realty Group LLC

    Overview

    Commercial Office Space Available

    This commercial office space offers 3,600 square feet. Previously used as a physical therapy clinic, the space includes multiple exam rooms that can function as private offices. The layout features a waiting room, an admin/receptionist area, multiple bathrooms, and a kitchen area with washer and dryer hookups. Staff parking is available in both the front and rear of the building, with additional parking for patrons. The unit is move-in ready and contains numerous private offices and exam rooms. An open layout includes a large bonus area, formerly used as an exercise space. The adjacent unit at 317 W Genie Street, comprising 2,400 square feet, is currently leased on a month-to-month basis. The owner is open to leasing the entire building on a long-term basis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • St Bernard Veterinary Hospital — 9121 W Judge Perez Dr, Chalmette, LA 70043

    Location Insight

    • Map
    • Local Demand
    City
    Chalmette
    County
    St. Bernard
    State
    Louisiana
    Longitude
    -89.9612
    Latitude
    29.9532

    Nearby Similar for Lease

    • $2,500/Mo

      Updated Commercial Space in Chalmette

      Versatile commercial space for lease with high visibility and accessibility.
      203 W JUDGE PEREZ Drive, Chalmette, LA 70043
      View Details
    • $1,100/Mo

      Retail Space in Chalmette, LA

      Retail space with two large rooms in Chalmette, LA.
      2407 PARIS Road, Chalmette, LA 70043
      View Details
    • $2,500/Mo

      Retail Space on Judge Perez

      Retail space available for lease on Judge Perez Drive.
      203 W JUDGE PEREZ Drive, Chalmette, LA 70043
      View Details
    • $2,500/Mo

      Retail Space Available For Rent

      Retail space available for lease in Chalmette, Louisiana.
      4002 LAVIOSIER Street, Chalmette, LA 70043
      View Details
    • $12 SF/Yr

      Office Space Available For Rent

      Office space available for lease in Chalmette, Louisiana.
      3300 Paris Rd, Chalmette, LA
      View Details
    • Contact for pricing

      Two-Story Office Building with Warehouse

      Two-story office building with warehouse space for rent.
      8320 Lafitte Ct, Chalmette, LA 70043
      View Details
    • Contact for pricing

      Retail Center in St. Bernard

      55,000 SF retail center with available 5,204 SF unit.
      8400 W Judge Perez Dr, Chalmette, LA 70043
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 3,600 SF commercial office space, move-in ready.
    Where is this medical office space located?
    The property is located at 315 W Genie St Chalmette, LA.
    What is the lease rate?
    The lease rate is $3,250 /Mo.
    What are key features of this property?
    This property features: 3,600 sf of prime commercial office space.; Move‑in ready condition.; Multiple exam rooms suitable for private offices.
    (504) 354-2880
    We can help!
    Listing Contact
    RAVI R SHETYE
    Real Estate License ID: 995704547
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!