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    10161 Lake Forest Blvd New Orleans, LA 70127

    Sponsored
    For Sale
    $2,100,000

    19-Acre Commercial/Residential Site, I-10 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 19.17-acre development site presents a unique investment opportunity in New Orleans East. Strategically located at 10161 Lake Forest Blvd, New Orleans, LA 70127, this property boasts excellent visibility and accessibility. The site is conveniently situated on the I-10 Service Road between Read and Wright Boulevards, ensuring high traffic exposure and convenient access for potential businesses and residents. The property's zoning allows for a diverse range of development options. A significant portion of the land, specifically 2.08 acres fronting the I-10 Service Road, is zoned C-3, offering flexibility for commercial ventures. The remaining 17.09 acres are zoned C-1, providing ample space for a variety of commercial or residential projects. This dual zoning allows for creative development plans that could incorporate both commercial and residential components, maximizing the property's potential. The asking price for this expansive parcel is $2,100,000. Given its size, location, and zoning, this property represents a compelling opportunity for developers seeking a prime location in a growing area of New Orleans. The property's proximity to major roadways and its substantial acreage make it ideal for a large-scale development project. Serious inquiries are encouraged.

    Property Features for 10161 Lake Forest Blvd

    General Information

    Property type
    Land
    Lot Size
    835,045 SF

    HighLights

    • 19.17‑acre development site in New Orleans East.
    • Located at 10161 Lake Forest Blvd, with excellent I‑10 Service Road visibility and accessibility.
    • Zoned C‑3 (2.08 acres) and C‑1 (17.09 acres), allowing diverse commercial and residential development.
    • Asking price: $2,100,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Orleans Parish
    State
    Louisiana
    Longitude
    -89.9672132
    Latitude
    30.033995

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    FAQs

    What type of property is this?
    Land - 19-Acre Commercial/Residential Site, I-10 Access
    Where is this land located?
    The property is located at 10161 Lake Forest Blvd New Orleans, LA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 19.17-acre development site in New Orleans East.; Located at 10161 Lake Forest Blvd, with excellent I-10 Service Road visibility and accessibility.; Zoned C-3 (2.08 acres) and C-1 (17.09 acres), allowing diverse commercial and residential development.
    Request Owner's contact information
    10161 Lake Forest Blvd New Orleans, LA 70127
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    New Orleans, LA 70127
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    Realmo Value Estimation

    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.

    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
    10161 Lake Forest Blvd New Orleans, LA 70127
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