Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1909 Judge Perez Dr Chalmette, LA 70043

    Sponsored
    For Sale
    $2,197,904

    High-Yield Medical Building, NNN Lease

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,600 square foot medical retail building in Chalmette, LA, presents a compelling investment opportunity. Located at 1909 E Judge Perez Dr, 70043, this fee-simple property boasts a 100% occupancy rate with a credit-rated single tenant under a 15-year NNN lease commencing December 1, 2022, featuring rent bumps. The property offers a stabilized investment with a 6.25% cap rate and a strong pro-forma NOI of $137,369. Priced at $2,197,904 ($610.53/sq ft), this asset benefits from its prime location on a major thoroughfare, near key amenities such as Chalmette High School, Valero Meraux Refinery, Ranch Film Studio expansion, and the St. Bernard Chamber of Commerce, as well as major retailers like Walmart, Home Depot, and Tractor Supply. The property's strategic position serves a large trade area encompassing several surrounding communities. Furthermore, the potential relocation of the Port of New Orleans downriver promises significant future economic growth for the area. The property is zoned C and is suitable for a 1031 exchange. This is a rare opportunity to acquire a high-performing, stable medical retail investment in a rapidly developing market.

    Property Features for 1909 Judge Perez Dr

    General Information

    Property type
    Retail properties
    Square Feet
    3,600 SF

    HighLights

    • 3,600 SF medical retail building in Chalmette, LA, at 1909 E Judge Perez Dr, 70043.
    • Fee‑simple ownership with a 100% occupancy rate and a 15‑year NNN lease (commencing 12/1/2022) with a credit‑rated single tenant and rent bumps.
    • 6.25% cap rate and a $137,369 pro‑forma NOI.
    • Priced at $2,197,904 ($610.53/SF).
    • Prime location on a major thoroughfare near key amenities and retailers, suitable for a 1031 exchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fast Pace Dermatology Dermatologist Fast Pace Dermatology: ... Dermatologist Fast Pace Health ... Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chalmette
    County
    St Bernard Parish
    State
    Louisiana
    Longitude
    -89.9453469
    Latitude
    29.9379465

    Nearby Similar for Sale

    • New
      $2,500,000
      0.40 Acres

      Renovated Commercial Building Near Studios

      Two-story commercial building with modern interiors and ample parking.
      8411 Parc Pl, Chalmette, LA 70043
      View Details
    • $900,000
      7,194 SF

      Chalmette Apartment Complex For Sale

      Eleven-unit apartment complex in Chalmette, Louisiana, near New Orleans.
      901 E St. Bernardy Hwy, Chalmette, LA 70043
      View Details
    • $450,000
      0.19 Acres

      Chalmette Commercial Warehouse/Office/Storage Opportunity

      Commercial warehouse/office/mini storage in Chalmette, ready for various applications.
      4002-04 Laviosier St, Chalmette, LA 70043
      View Details
    • $275,000
      2,286 SF

      Two-Story Office Building Near College

      Two-story office building near Nunez Community College with owner financing.
      3518 Fenelon St, Chalmette, LA 70043
      View Details
    • $425,000
      2,306 SF

      Professional Office Building in Chalmette

      Two-story office building with high visibility in a high-traffic location.
      3025 Paris Rd, Chalmette, LA 70043
      View Details
    • New
      $225,000
      1,977 SF

      Well-Maintained Duplex in Chalmette

      Chalmette duplex with separate units, garages, and private yards.
      2013 Gallo Dr, Chalmette, LA 70043
      View Details
    • $750,000
      4,200 SF

      Turn-Key Restaurant with Vacant Lot

      Renovated restaurant with prime visibility and extra vacant lot.
      1530 E Judge Perez Dr, Chalmette, LA 70043
      View Details
    • $249,900
      1,700 SF

      Income-Producing Duplex in Chalmette, LA

      Fully rented duplex in a non-flood zone with investment potential.
      9100 Titans Dr, Chalmette, LA 70043
      View Details
    • $229,900
      1,738 SF

      Chalmette Duplex with Spacious Units

      Duplex in Chalmette, ideal for investors or owner-occupants.
      3208 Pakenham Dr, Chalmette, LA 70043
      View Details
    • $235,000
      1,920 SF

      Chalmette Duplex: Investor Opportunity

      Duplex in Chalmette, LA, great for investors or owner-occupants.
      3322 Laplace St, Chalmette, LA 70092
      View Details
    • $248,500
      3,003 SF

      Chalmette Duplex: Investment Opportunity

      Well-kept duplex in Chalmette, LA, ideal for various buyers.
      3617 Jupiter Dr, Chalmette, LA 70043
      View Details
    • $450,000
      4,000 SF

      Commercial Building in Chalmette, LA

      Commercial building with many possibilities for sale in Chalmette.
      8324 Lafitte Ct, Chalmette, LA 70043
      View Details

    FAQs

    What type of property is this?
    Retail property - High-Yield Medical Building, NNN Lease
    Where is this retail property located?
    The property is located at 1909 Judge Perez Dr Chalmette, LA.
    What is the asking price?
    The asking price for this property is $2,197,904.
    What are key features of this property?
    This property features: 3,600 SF medical retail building in Chalmette, LA, at 1909 E Judge Perez Dr, 70043.; Fee-simple ownership with a 100% occupancy rate and a 15-year NNN lease (commencing 12/1/2022) with a credit-rated single tenant and rent bumps.; 6.25% cap rate and a $137,369 pro-forma NOI.
    Request Owner's contact information
    1909 Judge Perez Dr Chalmette, LA 70043
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1909 Judge Perez Dr
    Chalmette, LA 70043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1909 Judge Perez Dr Chalmette, LA 70043
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.