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    4100 General Degaulle Dr New Orleans, LA 70131

    Sponsored
    For Lease
    $12 SF/Yr

    High-traffic New Orleans retail space.

    Lot size:
    227,814 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    Algiers Plaza, located at 4100 General De Gaulle Dr, New Orleans, LA 70131, offers exceptional retail and/or fitness space opportunities. This single-story, 227,814 square foot power/neighborhood center, built in 2014 and renovated in 2020, boasts 1013 parking spaces and is situated on a 23.56-acre lot. Two spaces are currently available, ranging from 6,000 to 18,015 square feet. The center enjoys a strong tenant mix, including national brands such as Winn-Dixie, Walgreens, Ross, TJ Maxx, Five Below, PJ's Coffee, Firehouse Subs, Buffalo Wild Wings, and the recently opened Chick-fil-A. Its prime location on General De Gaulle Drive and MacArthur Boulevard provides excellent visibility and accessibility, with over 80,000 vehicles passing daily. The property features prominent signage on three thoroughfares, including six pylon signs. Eight convenient access points are available via Holiday Drive, General De Gaulle Drive, and MacArthur Boulevard. Algiers Plaza benefits from its proximity to downtown New Orleans (5 miles), the French Quarter (7 miles), and the New Orleans International Airport (under 20 miles). This high-traffic location presents a unique opportunity for businesses seeking strong visibility and a thriving customer base in a well-established shopping center.

    Property Features for 4100 General Degaulle Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    227,814 SF
    Total Rate
    227814

    Building Details

    Year Built/Renovated
    2014/2020
    Stories
    1

    Unit(s) available at that property

    Space
    Suite T
    Size
    6,000 SF
    Rate per SF
    $16
    Space
    Former Gym Space
    Size
    18,015 SF
    Rate per SF
    $22

    HighLights

    • Algiers Plaza boasts a recently completed $9 million renovation, including exterior facade improvements, parking lot upgrades, LED lighting, and new pylon signage.
    • Anchored by Winn‑Dixie, a major Gulf South supermarket chain.
    • Features a strong tenant lineup including Chick‑fil‑A, Walgreens, T.J. Maxx, Ross Dress for Less, Petco, and T‑Mobile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jeff's Haberdashery Men'S Clothing Store Paramour Nails Nail Salon Algiers Plaza Shopping Mall Nearby Storage Units ... Self-Storage Facility Nearby Self Storage ... Self-Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.01165760276
    Latitude
    29.920782057817

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic New Orleans retail space.
    Where is this neighborhood center located?
    The property is located at 4100 General Degaulle Dr New Orleans, LA.
    What is the lease rate?
    The lease rate is $16-$22 SF/Yr.
    What are key features of this property?
    This property features: Algiers Plaza boasts a recently completed $9 million renovation, including exterior facade improvements, parking lot upgrades, LED lighting, and new pylon signage.; Anchored by Winn-Dixie, a major Gulf South supermarket chain.; Features a strong tenant lineup including Chick-fil-A, Walgreens, T.J. Maxx, Ross Dress for Less, Petco, and T-Mobile.
    Request Owner's contact information
    4100 General Degaulle Dr New Orleans, LA 70131
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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.

    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
    4100 General Degaulle Dr New Orleans, LA 70131
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