Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5612 Jensen St Elmwood, LA 70123
    Back to Search
    Property profile & analytics

    5612 Jensen St, Elmwood, LA 70123

    View on Map
    • Warehouses
    • 7,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chill Out A/C & Heating.Inc / HVAC Service / General Contractor
    • Corkaine / Production Facility
    • Birdwig / Production Facility
    • Hayden Building Maintenance / Roofing Company / General Contractor
    • Nola E-Comm / Logistics Company / Freight Service

    Property Details for 5612 Jensen St

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 7,200-square-foot property in Harahan, Louisiana, offers a unique blend of office and warehouse space, ideal for a variety of businesses. Located at 5612 Jensen St, this multi-tenant building features two suites, with one suite currently vacant at 3,600 square feet. The vacant suite comprises approximately 752 square feet of office space and 2,848 square feet of warehouse space, providing ample room for operations and administration. Each suite includes convenient features such as a grade-level roll-up door for easy loading and unloading. Four parking spaces are available for the entire building. Situated in the Elmwood industrial corridor, this property boasts excellent access to major transportation arteries. Commuters will appreciate the proximity to Clearview Parkway (approximately 4 minutes), the Huey P Long Bridge (approximately 5 minutes), Earhart Expressway (5 minutes), and Interstate 10 (approximately 9 minutes). The lease is a gross lease, with a monthly water charge of $25 per suite. This prime location and versatile space make this an attractive opportunity for businesses seeking a strategic location in Jefferson Parish, Louisiana, with zip code 70123.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elmwood
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.193
    Latitude
    29.9588

    Comparable in this City

    • Value Estimation by Request
      8,775 SF

      1521 Dickory Ave

      Distribution properties
      1521 Dickory Ave, Elmwood, LA 70123
      View Details
    • Value Estimation by Request
      21,600 SF

      801 Distributors Row

      Distribution properties
      801 Distributors Row, New Orleans, LA 70123
      View Details
    • Value Estimation by Request
      21,600 SF

      805 Distributors Row

      Flex space
      805 Distributors Row, New Orleans, LA 70123
      View Details
    • Value Estimation by Request

      624 Elmwood Park Blvd

      Distribution properties
      624 Elmwood Park Blvd, Elmwood, LA 70123
      View Details
    • Value Estimation by Request
      0.55 Acres

      124 Laitram Ln

      Distribution properties
      124 Laitram Ln, Harahan, LA 70123
      View Details
    • Value Estimation by Request
      102,209 SF

      520 Elmwood Park Blvd

      Distribution properties
      520 Elmwood Park Blvd, Elmwood, LA 70123
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,350 SF

      Elmwood Mixed-Use Commercial Property

      Mixed-use property with warehouse and office suites in Elmwood.
      408 Commerce Pt, Elmwood, LA 70123
      View Details
    • Contact for pricing
      8,000 SF

      Office Space with Ample Parking

      Office space in a great location with easy highway access.
      2030 Dickory Ave, New Orleans, LA 70123
      View Details
    • $1,100,000
      9,065 SF

      Harahan Office Building For Sale

      Solid office building with excellent layout in Harahan, Louisiana.
      1425 Sams Ave, Harahan, LA 70123
      View Details
    • Contact for pricing
      6,429 SF

      Renovated Apartment Building For Sale

      Recently renovated 16-unit apartment building with income potential.
      321-325 Bengal Rd, River Ridge, LA 70123
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      Cleared commercial lot with Jefferson Highway frontage, ready for development.
      9225 Jefferson Hwy, River Ridge, LA 70123
      View Details
    • $162,900
      0.17 Acres

      Cleared Lot in River Ridge

      Prime lot ready for construction in a sought-after location.
      lot L 2-A Tullulah Ave, River Ridge, LA 70123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,900 SF

      Industrial Building with Climate Control

      Industrial building featuring climate-controlled warehouse space and gated yard.
      5635 Powell St, Jefferson, LA 70123
      View Details
    • $4 SF/Yr
      13,000 SF

      Elmwood Office/Warehouse Space Available

      13,000 SF office/warehouse in Elmwood Business Park.
      628 Time Saver Ave, Elmwood, LA 70123
      View Details
    • Contact for pricing

      Premier Industrial Flex Complex

      Industrial flex complex in Elmwood, Louisiana, near New Orleans.
      520 Elmwood Park Blvd, New Orleans, LA 70123
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      13,100 SF warehouse and office space for lease.
      805 Distributors Row, New Orleans, LA 70123
      View Details
    • Contact for pricing

      Elmwood Distribution Center Retail/Warehouse

      Retail and warehouse spaces available for lease in Elmwood.
      5600 Jefferson Hwy, Elmwood, LA 70123
      View Details
    • $7 SF/Yr

      Office/Warehouse with Fenced Yard

      8,200 SF flex space with warehouse and fenced yard.
      New, New Orleans, LA 70123
      View Details
    Request Owner's contact information
    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.
    5612 Jensen St
    Elmwood, LA 70123
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5612 Jensen St, Elmwood, LA, 70123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!