Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1401 Esplanade Ave Kenner, LA 70065
    Back to Search
    Property profile & analytics

    1401 Esplanade Ave Kenner, LA 70065

    View on Map
    • Land
    • 0.87 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Liles III a C DDS / Dental Office
    • Fiya Stylz Hair Studio / Barber Shop
    • The Esplanade / Shopping Center & Mall
    • LA Real Estate Investments Inc. / Property Management Company / Commercial Real Estate Agency
    • Mol la clínica / Medical Clinic

    Property Details for 1401 Esplanade Ave

    Lot size
    0.87 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 0.87-acre pad site presents a unique investment opportunity in Kenner, Louisiana. Strategically located just off I-55 and East County Line Road, this property benefits from exceptional visibility and convenient access to major thoroughfares. The site's prime location within a thriving retail corridor is further enhanced by its proximity to significant national retailers, including a Walmart Supercenter, Harbor Freight Tools, and Lowe's. This concentration of established businesses creates a high-traffic area, ensuring significant exposure for any future development. The property's accessibility is further amplified by its short driving distance to the Louis Armstrong New Orleans International Airport, providing convenient access for both local and regional businesses. The site's former use as a care center presents a clean slate for a variety of commercial or industrial projects, offering significant potential for redevelopment. Given its size, location, and proximity to major transportation arteries and retail anchors, this property represents a compelling opportunity for investors seeking a high-impact development project in a dynamic and rapidly growing market. The 70065 zip code offers a strong demographic profile, making this an ideal location for a wide range of commercial ventures. This is a rare opportunity to acquire a well-positioned pad site in a high-demand area of Kenner.

    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
    Kenner
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.2494
    Latitude
    30.0161

    Comparable in this City

    • Value Estimation by Request
      1.61 Acres

      Williams Blvd And Vintage Dr

      Land • 1 SF
      0 Williams Blvd And Vintage Dr, Kenner, LA 70065
      View Details
    • Value Estimation by Request
      2.39 Acres

      & I-10 Williams Blvd

      Land • 2.39 Acres
      & I-10 Williams Blvd, Kenner, LA 70065
      View Details
    • Value Estimation by Request

      400 Joe Yenni Blvd

      Land
      400 Joe Yenni Blvd, Kenner, LA 70065
      View Details
    • Value Estimation by Request
      2,407 SF

      1403 Esplanade Ave

      Commercial real estate • 2,407 SF
      1403 Esplanade Ave, Kenner, LA 70065
      View Details
    • Value Estimation by Request
      10,784 SF

      3329 Florida Ave

      Commercial real estate • 10,784 SF
      3329 Florida Ave, Kenner, LA 70065
      View Details
    • Value Estimation by Request
      2,100 SF

      4223 Williams Blvd

      Commercial real estate • 2,100 SF
      4223 Williams Blvd, Kenner, LA 70065
      View Details

    Similar Nearby for Sale

    • $54,000

      Land For Sale in Kenner

      Land available in Kenner, Louisiana.
      3015 Albany St, Kenner, LA 70065
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      & I-10 Williams Blvd, Kenner, LA 70065
      View Details
    • $315,360

      Land For Sale

      Land available in Kenner, Louisiana.
      137 W Street Ann Dr, Kenner, LA 70065
      View Details
    • $134,280
      8,230 SF

      Land for Sale in Kenner

      Land available in Kenner, Louisiana, Jefferson Parish.
      112 S Street Ann Dr, Kenner, LA 70065
      View Details
    • $50,000
      0.11 Acres

      Vacant Land in Kenner, LA

      Cleared, construction-ready land in a desirable Kenner neighborhood.
      3133 Dawson St, Kenner, LA 70065
      View Details
    • Contact for pricing

      Prime Land Near Esplanade Mall

      Approximately 4.97 acres near Esplanade Mall and airport.
      Williams Blvd & I-10, Kenner, LA 70065
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Medical Space in Kenner

      Highly visible retail/medical space in active commercial corridor.
      819 W Esplanade Ave, Kenner, LA 70065
      View Details
    • $14 SF/Yr

      Retail Space Available for Lease

      2,600 SF retail space in high-traffic area.
      4045 Williams Blvd, Kenner, LA 70065
      View Details
    • Contact for pricing

      Kenner Shopping Center Retail Space

      Retail space available in high-visibility Kenner shopping center.
      1000 W Esplanade Ave, Kenner, LA 70065
      View Details
    • $4,500 /Mo
      3,800 SF

      Kenner Commercial Space For Rent

      Commercial space available for rent on Williams Boulevard.
      3830 Williams Blvd, Kenner, LA 70065
      View Details
    • Contact for pricing

      Move-in Ready Medical Space

      Turnkey medical space in Kenner's financial and retail district.
      3405 Williams Blvd, Kenner, LA 70065
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Kenner, Louisiana.
      4041 Williams Blvd, Kenner, LA 70065
      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.
    1401 Esplanade Ave
    Kenner, LA 70065
    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
    1401 Esplanade Ave, Kenner, LA, 70065
    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!