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    520 Elmwood Park Blvd. New Orleans, LA 70123

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    For Lease
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    Industrial flex complex in Elmwood, Louisiana, near New Orleans.

    Type:Industrial
    Property size:
    105,664 SF
    Added:
    Oct 30, 2019
    Days on Market:
    2356
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 520 Elmwood Park Blvd.

    General Information

    Standard status
    Active
    Size
    105,664 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 520 Elmwood Park Blvd. Contact us

    520-135 $13 /Mo

    Size
    2,730 SF
    Type
    Industrial
    Contact us

    524-135 $13 /Mo

    Size
    1,625 SF
    Type
    Industrial
    Contact us

    520-110 $13 /Mo

    Size
    8,270 SF
    Type
    Industrial
    Contact us

    520-130 $13 /Mo

    Size
    4,914 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Matt Taylor

    Listing agent Matt Taylor License #LA 0000006690

    Listing office Property One Inc

    Listing date Oct 30, 2019

    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 Property One Inc

    Overview

    Premier Industrial Flex Complex

    Jefferson Business Center is a 105,664 square feet industrial flex complex located in Elmwood, Louisiana. It features a balanced blend of office and warehouse space, offering flexible floor plans suitable for a variety of businesses. The property includes large windowed office fronts and a 22-foot clear height. Loading options include both dock-high and grade-level access. Over 230 on-site parking spaces are available. The location provides easy access to major transportation routes and New Orleans’ commercial and industrial hubs. It is situated approximately 8 miles from downtown New Orleans and has proximity to I-10, the Earhart Expressway, regional ports, and Louis Armstrong New Orleans International Airport. Elmwood offers a mix of commercial and industrial spaces, making it suitable for light manufacturing, distribution, and warehousing. The area features a well-established business community, strong infrastructure, local amenities, and a skilled workforce, making it a location for companies expanding or establishing a presence in the New Orleans metro area.
    Location Intelligence

    Current Use by Public Records

    KONE Elevators & Escalators ... General Contractor Mark J. Lescale, ... Pharmacy Accredo Health Group Pharmacy Roto-Rooter Plumbing & Water ... Plumbing Service LeafFilter Gutter Protection Hardware & Home Improvement

    Suggested Use

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

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

    Similar Places Nearby

    • American Roadshow Catering — 1205 N Al Davis Rd, New Orleans, LA 70123

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1840707
    Latitude
    29.9492921

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    FAQs

    What type of property is this?
    Flex space - Industrial flex complex in Elmwood, Louisiana, near New Orleans.
    Where is this flex space located?
    The property is located at 520 Elmwood Park Blvd. New Orleans, LA.
    What are key features of this property?
    This property features: Premier industrial flex complex totaling 105,664 square feet.; Convenient location with easy access to major transportation routes, 8 miles from downtown New Orleans, and minutes from I‑10 and the airport.; Flexible floor plans suitable for a variety of businesses with a balanced blend of office and warehouse space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Taylor
    Real Estate License ID: LA 0000006690
    Learn More
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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
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