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    6800 I-10 Service Rd New Orleans, LA 70126

    Sponsored
    For Sale
    $3,200,000

    47 Acres, Buildable Residential Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 47.04-acre site presents a unique opportunity for residential development in New Orleans, Louisiana. Located at 6800 I-10 Service Rd, zip code 70126, in Orleans Parish, this property boasts a significant buildable area of approximately 35 acres, ideal for a single-family subdivision. The land is zoned S-RS, permitting residential construction. A key feature is the inclusion of a 12-acre lake, adding significant aesthetic value and potential recreational amenities to the development. The property's history includes the former Frenchman's Wharf Apartments, offering a well-established location with existing infrastructure. The asking price for this expansive tract is $3,200,000. This represents a substantial landholding in a desirable New Orleans location, presenting a compelling investment opportunity for developers seeking to create a new residential community. The property's size and zoning make it suitable for a large-scale project, offering the potential for significant returns. The presence of the lake provides a unique selling point for future residents, enhancing the overall desirability of the development. Serious inquiries are encouraged. Broker co-op is available.

    Property Features for 6800 I-10 Service Rd

    General Information

    Property type
    Land
    Lot Size
    2,049,062 SF

    HighLights

    • 47.04‑acre development site in New Orleans, LA.
    • Located at 6800 I‑10 Service Rd, 70126, Orleans Parish.
    • Approximately 35 acres buildable, zoned S‑RS for residential use.
    • Features a 12‑acre lake.
    • $3,200,000 asking price.
    • Broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Orleans
    County
    Orleans Parish
    State
    Louisiana
    Longitude
    -90.0076778
    Latitude
    30.0244595

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    FAQs

    What type of property is this?
    Land - 47 Acres, Buildable Residential Site
    Where is this land located?
    The property is located at 6800 I-10 Service Rd New Orleans, LA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 47.04-acre development site in New Orleans, LA.; Located at 6800 I-10 Service Rd, 70126, Orleans Parish.; Approximately 35 acres buildable, zoned S-RS for residential use.
    Request Owner's contact information
    6800 I-10 Service Rd New Orleans, LA 70126
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    Realmo Value Estimation

    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.

    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.

    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
    6800 I-10 Service Rd New Orleans, LA 70126
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