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    6005 Jefferson Hwy Harahan, LA 70123

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    For Lease
    Contact for pricing

    Elmwood, LA Retail Space Available

    Lot size:
    36,096 SF

    Property Features for 6005 Jefferson Hwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,096 SF
    Total Rate
    30080

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 6005 Jefferson Hwy, Harahan, LA 70123 Contact us
    Unit Suite A

    $14 /Mo

    Size
    1,588 SF
    Contact us
    Unit Suite C

    $14 /Mo

    Size
    10,905 SF
    Contact us
    Unit Suite D

    $14 /Mo

    Size
    5,879 SF
    Contact us
    Unit Suite F

    $14 /Mo

    Size
    8,467 SF
    Contact us
    Unit Suite G

    $14 /Mo

    Size
    5,837 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Jonathan Fawer
    Jonathan Fawer

    Listing Agency: Corporate Realty - Main Office Listing Agent: Jonathan Fawer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 36,096-square-foot, single-story retail center in Harahan, LA, is ideally situated on Jefferson Highway (6005 Jefferson Hwy, 70123), a high-traffic corridor boasting over 37,128 vehicles per day. The property, recently renovated with exterior upgrades including façade, roof, and siding improvements, offers 32,177 square feet of immediately available space for lease, divisible to suit tenant needs. The building features six suites in total and ample parking with 130 spaces. Its prime location benefits from proximity to Elmwood Business Park (20 million square feet of industrial space) and Elmwood Shopping Center (1.2 million square feet of retail), less than a mile away. The Huey P. Long Bridge, providing easy access to the West Bank, is also conveniently located less than a mile east. Landlords are seeking long-term tenants with strong credit, including regional or national chains. This property presents a unique opportunity for businesses seeking high visibility and convenient access within a thriving commercial area. The property is a single building, one story high, and does not include elevators. Cross streets include Hord and Brookhollow Esplanade. The property is classified as retail, office, and restaurant space, with multiple tenancy options.
    Property Profile Insight Report 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.

    Location Insight

    • Map
    • Local Demand
    City
    Harahan
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1889411
    Latitude
    29.941485

    Nearby Similar for Lease

    • $20 SF/Yr
      16,428 SF

      Jefferson Highway Retail Center Space

      Retail center with diverse tenants and high-traffic location.
      8225-8233 Jefferson Hwy, Harahan, LA 70123
      View Details
    • $3,500 /Mo
      3,000 SF

      Harahan Flex Space For Rent

      3,000 SF flex space with retail appeal available now.
      1539 River Oaks Rd East, Harahan, LA 70123
      View Details
    • $3,000 /Mo

      Renovated Commercial Property in Harahan

      Renovated office space with showrooms, kitchen, parking, and storage options.
      621 Hickory Ave, Harahan, LA 70123
      View Details

    FAQs

    What type of property is this?
    Restaurant - Elmwood, LA Retail Space Available
    Where is this restaurant located?
    The property is located at 6005 Jefferson Hwy Harahan, LA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Divisible suites available for lease.; Monument signage available.; Abundant parking provided.
    (504) 581-5005 Call to check price and availability
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    6005 Jefferson Hwy Harahan, LA 70123
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    Harahan, LA 70123
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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.

    More about this property
    6005 Jefferson Hwy Harahan, LA 70123
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    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: SALE.0000042127-ACT
    (504) 581-5005 (504) 616-4042
    Learn more
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