Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Former CVS Pharmacy Building Title is generated by Realmo AI

    1600 Lapalco Blvd, Harvey, LA 70058

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Freestanding building at intersection with drive-thru and use restrictions.

    Type:Retail
    Added:
    Oct 3, 2022
    Days on Market:
    1323
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 1600 Lapalco Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1600 Lapalco Blvd Contact us

    Suite BLDG $16/Mo

    Size
    13,013 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Matthew Pittman
    Matthew Pittman

    Listing agent Matthew Pittman License #LA 0995682742

    Listing office Lee & Associates Baton Rouge

    Listing date Oct 3, 2022

    Source Crexi

    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 Lee & Associates Baton Rouge

    HighLights

    • Freestanding building at the intersection of Lapalco Blvd & Manhattan Blvd
    • Existing drive‑thru
    • Sublease Expiration: 1/31/2031
    • Former CVS Pharmacy building
    • Certain use restrictions apply
    • Contact agent for details

    Overview

    This is a freestanding former CVS pharmacy building located at the intersection of Lapalco Blvd and Manhattan Blvd. The property includes an existing drive-thru. Please note that certain use restrictions apply; contact an agent for details. The sublease for the drive-thru has an expiration date of 1/31/2031.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coinstar Bank Cardtronics Atm Elizabeth Hoang, PharmD Pharmacy MoneyGram Bank Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Total Life Care Pharmacy — 2731 Manhattan Blvd b17, Harvey, LA 70058
    • Elizabeth Hoang, PharmD — 1600 Lapalco Blvd, Harvey, LA 70058
    • Fire & Iced Body Contouring — 2209 Lapalco Blvd Suite H, Harvey, LA 70058
    • Kroger Specialty Pharmacy — 2731 Manhattan Blvd Suite B17, Harvey, LA 70058
    • Amie Bernard — 1556 Lapalco Blvd, Harvey, LA 700583304

    Location Insight

    • Map
    • Local Demand
    City
    Harvey
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.049622
    Latitude
    29.875166

    Nearby Similar for Lease

    • $10,000/Mo
      3,694 SF

      Harvey, LA Prime Office Space

      Exceptional office space in Harvey, LA, ready for your business.
      1841 ENTERPRISE Drive, Harvey, LA 70058
      View Details
    • $3,500/Mo
      1,511 SF

      Office & Warehouse on Large Lot

      Versatile property with offices, warehouse, and storage on large lot.
      3821 DAY Street, Harvey, LA 70058
      View Details
    • Sponsored
      $129-$3,636/Mo
      11-1,292 SF

      Fountain Park

      1901 Manhattan Blvd, Unit Harvey Louisiana United States of America 70058, Harvey, LA 70058
      View Details
    • $7,400/Mo
      19,500 SF

      Office/Warehouse with Yard Space

      Office/warehouse space with yard, located near Westbank Expressway.
      1208 Peters Road, Harvey, LA 70058
      View Details
    • $12 SF/Yr
      13,013 SF

      Former Pharmacy Retail Space Available

      High-traffic retail space with drive-thru, sublease opportunity.
      1600 Lapalco Blvd, Harvey, LA 70058
      View Details
    • $2,500/Mo
      2,400 SF

      Modern Retail Space with Offices

      Retail space featuring reception, open area, breakroom, and offices.
      3700 Lapalco Blvd, Harvey, LA
      View Details
    • Contact for pricing
      12,117 SF

      Renovated Office/Warehouse with Secure Yard

      Renovated 12,117 SF office/warehouse with secure laydown yard.
      2579 Lester St, Harvey, LA 70058
      View Details
    • Contact for pricing
      9,800 SF

      Office Space in Rathborne Park

      9,800 SF office space available for lease.
      101 Pailet Dr, Harvey, LA 70058
      View Details
    • Contact for pricing
      2,560 SF

      Office Warehouse For Lease

      Office warehouse featuring private offices, open area, and kitchenette.
      505 Bark St, Harvey, LA 70058
      View Details
    • Contact for pricing
      8,050 SF

      Office Warehouse in Rathborne Park

      Office warehouse featuring ample parking and efficient access.
      181 Grefer Ln, Harvey, LA 70058
      View Details
    • Contact for pricing
      900 SF

      Office Units For Rent

      Two office units available for rent, utilities included.
      1901 Westbank Expy, Harvey, LA 70058
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Harvey, Louisiana.
      1208 Peters Rd, Harvey, LA 70058
      View Details

    FAQs

    What type of property is this?
    Drug store - Freestanding building at intersection with drive-thru and use restrictions.
    Where is this drug store located?
    The property is located at 1600 Lapalco Blvd Harvey, LA.
    What are key features of this property?
    This property features: Freestanding building at the intersection of Lapalco Blvd & Manhattan Blvd; Existing drive‑thru; Sublease Expiration: 1/31/2031
    (504) 525-1410 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Pittman
    Matthew Pittman
    Real Estate License ID: LA 0995682742
    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

    Thank You for Inquiry
    1600 Lapalco Blvd, Harvey, LA 70058
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!