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    Jefferson Highway Retail Opportunity Title is generated by Realmo AI

    6005 Jefferson Hwy, Harahan, LA 70123

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    32,177 SF available in renovated shopping center.

    Type:Retail, Office, Restaurant
    Property size:
    36,096 SF
    Added:
    Jul 25, 2024
    Days on Market:
    680
    Last Refresh:
    May 12 at 10:39 pm

    Property Features for 6005 Jefferson Hwy

    General Information

    Standard status
    Active
    Size
    36,096 SF
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 6005 Jefferson Hwy Contact us

    We can help!

    Listing Contact
    Jonathan Fawer
    Jonathan Fawer

    Listing agent Jonathan Fawer License #LA SALE.0000042127-ACT

    Listing office Corporate Realty

    Listing date Jul 25, 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 Corporate Realty

    HighLights

    • High visibility location on Jefferson Highway with over 37,128 vehicles per day.
    • Recently underwent extensive exterior renovations, including upgrades to the façade, roof, and siding.
    • 32,177 sf available for lease in various configurations; landlord will consider dividing the space.
    • Located in an industrial/commercial corridor near Elmwood Business Park and Elmwood Shopping Center.
    • Landlord is seeking long‑term, regional, or national credit tenants.
    • Excellent connectivity to the West Bank via the Huey P. Long Bridge.

    Overview

    The single-story shopping center, encompassing 36,096 square feet, has been recently renovated with upgrades to the facade, roof, and siding. Located along Jefferson Highway, the property benefits from high visibility, with a traffic count exceeding 37,128 vehicles per day. The surrounding area is an industrial and commercial corridor. Nearby is Elmwood Business Park, featuring 20 million square feet of industrial space, and Elmwood Shopping Center, a 1.2 million-square-foot retail center. The Huey P. Long Bridge, situated less than one mile east of Jefferson Highway, provides connectivity to the West Bank. There is 32,177 square feet available for lease in various configurations. The landlord is seeking long-term, regional, or national credit tenants and will consider dividing the space as required. This property is suitable for retail, office, and restaurant uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    DM Sleep Center Medical Clinic Wing Boss Restaurant Elmwood Oasis Center Shopping Center & Mall Dickey's Barbecue Pit Take-out & Catering Big Deal Burger Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    • Advanced material donde compra fofo — I Heliport, Elmwood, LA 70123
    • Galaxy Electronics — 623 Distributors Row, Elmwood, LA 70123
    • Quick-Tag — Walmart, 5110 Jefferson Hwy, Harahan, LA 70123
    • BradshawManswal — 5501 Jefferson Hwy, Elmwood, LA 70123
    • Elmwood Oasis Center — 6005 Jefferson Hwy, Harahan, LA 70123

    Location Insight

    • Map
    • Local Demand
    City
    Harahan
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1886603
    Latitude
    29.9416523

    Nearby Similar for Lease

    • $1,800/Mo
      1,392 SF

      Harahan Commercial Space For Lease

      Commercial space in Harahan with high visibility and parking.
      6485 JEFFERSON Highway, Harahan, LA 70123
      View Details
    • $21 SF/Yr

      Elmwood Park Office Spaces Available

      Renovated office suites with included utilities and amenities for lease.
      824 Elmwood Park Blvd, Harahan, LA 70123
      View Details

    FAQs

    What type of property is this?
    Shopping center - 32,177 SF available in renovated shopping center.
    Where is this shopping center located?
    The property is located at 6005 Jefferson Hwy Harahan, LA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: High visibility location on Jefferson Highway with over 37,128 vehicles per day.; Recently underwent extensive exterior renovations, including upgrades to the façade, roof, and siding.; 32,177 sf available for lease in various configurations; landlord will consider dividing the space.
    (504) 581-5005 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jonathan Fawer
    Jonathan Fawer
    Real Estate License ID: LA SALE.0000042127-ACT
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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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