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    Belle Chasse Industrial Multi-Building Property Title is generated by Realmo AI

    9203 LA-23, Belle Chasse, LA 70037

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    4.68-acre industrial property with six buildings for diverse commercial needs.

    Type:Industrial
    Property size:
    81,009 SF
    Lot size:
    4.68 Acres
    Price / SF:
    $72/SF
    Added:
    Jun 27, 2024
    Days on Market:
    709
    Last Refresh:
    May 12 at 9:31 pm

    Property Features for 9203 LA-23

    General Information

    Standard status
    Active
    Size
    81,009 SF
    Lot size
    4.68 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Matt Eaton

    Listing agent Matt Eaton License #LA 0000072493

    Listing office Southeast Commercial Real Estate

    Listing date Jun 27, 2024

    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 Southeast Commercial Real Estate

    HighLights

    • Large Acreage: Approximately 4.68 acres across multiple parcels.
    • Dock High Warehouse: Building #2 is a 20,880 sq.ft. dock high warehouse with 43’ eaves and heavy floor load capacity.
    • Advanced Fire Suppression: Buildings #2 and #3 feature high expansive foam suppression systems.
    • Manufacturing Warehouse: Building #3 is a two‑story manufacturing warehouse with offices/lab space totaling approximately 26,500 sq.ft. and heavy floor load capacity.
    • Multiple Buildings: Six buildings designed to accommodate a variety of industrial and commercial needs.
    • Warehouse Space: Buildings #5 & #6 provide approximately 23,869 sq.ft. of warehouse space with 20’ eave heights.

    Overview

    This property, situated on approximately 4.68 acres across multiple parcels, includes six buildings suitable for various industrial and commercial purposes. Building #1 is located on a 64,105 sq.ft. lot and features a main warehouse measuring approximately 150’ X 40’ (+/- 6,000 sq.ft.) and a smaller warehouse of about 34’ X 40’ (1,360 sq.ft.). Building #2, constructed in 2011/2012, is a 20,880 sq.ft. dock high warehouse with 43’ eaves and a heavy floor load capacity. It is equipped with a high expansive foam suppression system capable of filling the entire building in 7 minutes, originally designed for storing flammable paint products. A breezeway connects Building #2 to Building #3, a two-story manufacturing warehouse with office and lab space, totaling approximately 26,500 sq.ft. This warehouse also features a heavy floor load capacity on each level and a similar foam suppression system, though it does not fill the entire building from top to bottom. Building #4 is a 2,400 sq.ft. general office building with individual offices and large meeting rooms. Buildings #5 and #6 are connected warehouses used for raw material storage, totaling approximately 23,869 sq.ft. with 20’ eave heights. Building 1, on Lot 17, is available for separate purchase.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Belle Chasse
    County
    Plaquemines
    State
    Louisiana
    Longitude
    -90.0116
    Latitude
    29.7657

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    FAQs

    What type of property is this?
    Manufacturing property - 4.68-acre industrial property with six buildings for diverse commercial needs.
    Where is this manufacturing property located?
    The property is located at 9203 LA-23 Belle Chasse, LA.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: Large Acreage: Approximately 4.68 acres across multiple parcels.; Dock High Warehouse: Building #2 is a 20,880 sq.ft. dock high warehouse with 43’ eaves and heavy floor load capacity.; Advanced Fire Suppression: Buildings #2 and #3 feature high expansive foam suppression systems.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Eaton
    Real Estate License ID: LA 0000072493
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    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.

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