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    2807 Judge Perez Dr Meraux, LA 70075

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    2807 Judge Perez Dr Meraux, LA 70075

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    • Warehouses
    • 10,739 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2807 Judge Perez Dr

    Property size
    10,739 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 10,739-square-foot warehouse property, located at 2807-09 E Judge Perez Drive in Meraux, Louisiana, presents a compelling investment opportunity. Priced at $775,000 ($72.17 per square foot), this industrial property boasts a versatile layout ideal for a variety of commercial uses. The building comprises approximately 6,216 square feet of warehouse space and approximately 4,696 square feet of office space, totaling approximately 10,900 square feet. The office area features 17 individual offices, a sizable conference room, three bathrooms, and three storage rooms. A small storefront build-out with offices is situated on the right side of the building. Two of the three units are currently leased, generating a combined monthly rental income of $3,250. The property's strategic location offers excellent logistics, with convenient access to I-510 via Paris Road. This warehouse is situated in St. Bernard Parish, Louisiana, zip code 70075. The property's combination of ample warehouse space, extensive office accommodations, and strong rental income potential makes it an attractive investment for discerning buyers. This is a rare opportunity to acquire a well-maintained, income-producing commercial warehouse in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Meraux
    County
    St. Bernard Parish
    State
    Louisiana
    Longitude
    -89.9326
    Latitude
    29.9378

    Comparable in this City

    • Value Estimation by Request
      179,533 SF

      - Judge Perez Dr

      Commercial real estate • 179,533 SF
      - Judge Perez Dr, Meraux, LA 70075
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    • Value Estimation by Request
      0.13 Acres

      1904 Leblanc

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      1904 Leblanc, Meraux, LA 70075
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    • Value Estimation by Request
      30.00 Acres

      2501 Archbishop Hannan Blvd

      RECREATIONAL, ENTERTAINMENT • 30.00 Acres
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    • Value Estimation by Request
      0.24 Acres

      2523 Bartolo St

      RETAIL STORES (PERSONAL SERVICES) • 0.24 Acres
      2523 Bartolo St, Meraux, LA 70075
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    • Value Estimation by Request
      1.00 Acre

      4201 Judge Perez Dr

      RETAIL STORES (PERSONAL SERVICES) • 1.00 Acre
      4201 Judge Perez Dr, Meraux, LA 70075-2639
      View Details
    • Value Estimation by Request
      10,912 SF

      2807-09 Judge Perez Dr

      Commercial real estate • 10,912 SF
      2807-09 Judge Perez Dr, Meraux, LA 70075
      View Details

    Similar Nearby for Sale

    • $599,000
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      Meraux Commercial Warehouse with Offices

      Commercial warehouse with office space, minutes from I-510.
      2807-09 E Judge Perez Dr, Meraux, LA 70075
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    • $775,000
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    Similar Nearby for Lease

    • $2,600 /Mo
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      Retail Space in Meraux

      Retail space available for lease in St. Bernard Parish.
      5001 E Judge Perez Dr, Meraux, LA 70075
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    • $1,000 /Mo
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      Meraux Commercial Building For Lease

      Highly visible commercial building in Meraux available for lease.
      2800 E Judge Perez Dr, Meraux, LA 70075
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    • $2,000 /Mo
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      Meraux Commercial Space For Rent

      Commercial space available for rent in St. Bernard Parish.
      2807 E Judge Perez Dr, Meraux, LA 70075
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    Meraux, LA 70075
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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.

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    2807 Judge Perez Dr, Meraux, LA, 70075

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