Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8700 Judge Perez Dr Chalmette, LA 70043-1860

    • Retail space
    • 11.75 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1810597
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cato Fashions / Women'S Clothing Store
    • Hot Wok Buffet & Lounge / Buffet Restaurant / Chinese Restaurant
    • Prestige Fitness / Gym
    • Churchhill Downs / Car Racing Track
    • GameStop / Video Game Store / Collectibles Store

    Property Details for 8700 Judge Perez Dr

    Lot size
    11.75 lot acres
    Property type
    Retail space
    APN
    3546000005A2
    APU
    3546000005A2

    Description

    The Chalmette Mall, located at 8700 W Judge Perez Dr, Chalmette, LA 70043, offers 135,000 square feet of retail and restaurant space in a thriving Saint Bernard County location. This multi-tenant shopping center features 10 suites, with sizes ranging from 800 to 13,710 contiguous square feet, and currently has 35,504 square feet of vacant space available. Anchored by Save A Lot Grocery and Big Lots, the mall benefits from a prime location along Chalmette's busiest thoroughfare, just minutes from downtown New Orleans. The property boasts excellent visibility with 1,000 feet of frontage on W Judge Perez Drive, six points of access including a lighted intersection, and multiple highly visible pylon signs. Ample parking is provided with over 550 spaces. The mall serves a substantial population, with a 20-minute drive time encompassing 179,982 residents. This presents a unique opportunity for businesses seeking high visibility and access to a large customer base in a bustling suburban setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chalmette
    County
    Saint Bernard
    State
    Louisiana
    Longitude
    -89.9742
    Latitude
    29.9503
    CBSA code
    35380
    CBSA name
    NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $140,463
    $330,000
    $587,462
    $917,462
    -
    $3,300,000
    $3,916,413
    $7,216,413

    Comparable in this City

    • Value Estimation by Request

      Chalmette, LA 70043

      RETAIL STORES (PERSONAL SERVICES)
      Chalmette, LA 70043
      View Details
    • Value Estimation by Request

      2200 Jackson Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2200 Jackson Blvd, Chalmette, LA 70043-4746
      View Details
    • Value Estimation by Request

      3012 Jean Lafitte Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      3012 Jean Lafitte Pkwy, Chalmette, LA 70043-4050
      View Details
    • Value Estimation by Request

      9027 Judge Perez Dr

      RETAIL STORES (PERSONAL SERVICES)
      9027 Judge Perez Dr, Chalmette, LA 70043-4514
      View Details
    • Value Estimation
      $285,000
      0.69 Acres

      8330 Judge Perez Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.69 Acres
      8330 Judge Perez Dr, Chalmette, LA 70043-1614
      View Details
    • Value Estimation by Request

      500 Magistrate St

      RETAIL STORES (PERSONAL SERVICES)
      500 Magistrate St, Chalmette, LA 70043
      View Details

    Similar Nearby for Sale

    • $450,000
      4,000 SF

      Commercial Building in Chalmette, LA

      Commercial building with many possibilities for sale in Chalmette.
      8324 Lafitte Ct, Chalmette, LA 70043
      View Details
    • $2,500,000
      0.40 Acres

      Renovated Commercial Building Near Studios

      Two-story commercial building with modern interiors and ample parking.
      8411 Parc Pl, Chalmette, LA 70043
      View Details
    • $2,197,904
      3,600 SF

      Chalmette Medical Retail Investment

      High-Yield Medical Building, NNN Lease
      1909 Judge Perez Dr, Chalmette, LA 70043
      View Details
    • $750,000
      4,200 SF

      Turn-Key Restaurant with Vacant Lot

      Renovated restaurant with prime visibility and extra vacant lot.
      1530 E Judge Perez Dr, Chalmette, LA 70043
      View Details
    • $950,000
      12,740 SF

      Chalmette Commercial Building For Sale

      High-profile corner lot, updated building, great location.
      223 Judge Perez Dr, Chalmette, LA 70043
      View Details
    • $400,000
      0.24 Acres

      Chalmette Office Building - High Traffic Area

      Prime Commercial Office Space, High Visibility
      2720 Paris Rd, Chalmette, LA 70043
      View Details

    Similar Nearby for Lease

    • New
      $650 /Mo
      500 SF

      Commercial Space in Chalmette, LA

      End unit suitable for small business or office in Chalmette.
      2000 Congressman Hebert Dr, Chalmette, LA 70043
      View Details
    • New
      $650 /Mo
      500 SF

      Commercial Space in Chalmette, LA

      Commercial space suitable for small business or office use.
      2000 Congressman Hebert Dr, Chalmette, LA 70043
      View Details
    • $1,100 /Mo
      700 SF

      Retail Space in Chalmette, LA

      Retail space with two large rooms in Chalmette, LA.
      2407 Paris Rd, Chalmette, LA 70043
      View Details
    • $15 SF/Yr
      4,914 SF

      Chalmette Commercial Space: Office & Warehouse

      Prime Chalmette location, 4,914 sq ft office/warehouse.
      8320 Lafitte Ct, Chalmette, LA 70043
      View Details
    • $1.00 SF/Yr

      Chalmette Commercial Land Opportunity

      Prime 1-3 acre site, high traffic.
      8000 Judge Perez Dr, Chalmette, LA 70043
      View Details
    • $12 SF/Yr
      62,500 SF

      Chalmette Commercial Land Lease

      Prime Chalmette location, 62,500 sq ft.
      2910 Paris Rd, Chalmette, LA 70043
      View Details
    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.
    8700 Judge Perez Dr
    Chalmette, LA 70043-1860
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.