Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2400 Chemin Metairie Pkwy Youngsville, LA 70592
    Back to Search
    Property profile & analytics

    2400 Chemin Metairie Pkwy Youngsville, LA 70592

    View on Map
    • Retail properties & Spaces
    • 11.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2400 Chemin Metairie Pkwy

    Lot size
    11.26 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 11.26-acre commercial land parcel presents a unique investment opportunity in the thriving Youngsville, Louisiana market. Located at 2400 Chemin Metairie Pkwy, with a cross street of Detente Rd, this property boasts a highly desirable location directly across from the Youngsville Sports Complex, ensuring high visibility and accessibility. The zoning is Commercial, allowing for a variety of development possibilities, including office, retail, or retail-pad uses. The property is designated as a single-tenant site, offering flexibility for developers or businesses seeking a dedicated space. The lot size falls within the 1-12 acre range, providing ample space for substantial projects. The Lafayette Parish Assessor's Parcel Number (APN) is 6165580. This prime location offers significant potential for growth and return on investment. The price is negotiable and will be determined based on the desired lease term length and the specific acreage required. This is an excellent chance to establish a presence in a rapidly expanding area with strong community engagement and convenient access to major roadways. Serious inquiries are encouraged to discuss development plans and pricing. The property is situated in Youngsville, LA, zip code 70592.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Youngsville
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0051
    Latitude
    30.0903

    Comparable in this City

    • Value Estimation by Request

      209 Ctr Sarcelle Blvd

      Restaurants
      209 Ctr Sarcelle Blvd, Youngsville, LA 70592
      View Details
    • Value Estimation by Request
      15,000 SF

      615 Lafayette St

      Retail properties & Spaces • 15,000 SF
      615 Lafayette St, Youngsville, LA 70592
      View Details
    • Value Estimation by Request
      1.00 Acre

      700 Savoy Rd

      Land • 1.00 Acre
      700 Savoy Rd, Youngsville, LA 70592
      View Details
    • Value Estimation by Request

      131 La Neuville Rd

      Manufacturing properties
      131 La Neuville Rd, Youngsville, LA 70592
      View Details
    • Value Estimation by Request
      1.00 Acre

      2400 Blk Chemin Metairie Pkwy

      Land • 1.00 Acre
      2400 Blk Chemin Metairie Pkwy, Youngsville, LA 70592
      View Details
    • Value Estimation by Request
      9.70 Acres

      2215 Milton Ave

      Land • 9.70 Acres
      2215 Milton Ave, Youngsville, LA 70592
      View Details

    Similar Nearby for Sale

    • $270,000
      2.90 Acres

      Prime Commercial Land in Youngsville

      2.9 acres of commercial real estate in Broussard, Louisiana.
      1300 Blk Young St, Youngsville, LA 70592
      View Details
    • Contact for pricing

      Mixed-Use Building in Youngsville, LA

      Class A mixed-use building with office, retail, and residential units.
      200 Prescott Blvd, Youngsville, LA 70592
      View Details
    • $735,000
      13.00 Acres

      Tranquil Land with River Frontage

      13+ acres of land with Vermillion River frontage.
      7720 La-82 Hwy, Erath, LA 70592
      View Details
    • $1,200,000
      32.00 Acres

      Youngsville Land with Development Potential

      Expansive acreage near shopping and sports complex in Youngsville, LA.
      4108 Captain Cade Rd, Youngsville, LA 70592
      View Details
    • Contact for pricing

      Vacant Land & Self Storage

      Vacant land with self-storage site plans available for purchase.
      3038 Chemin Metairie Pkwy, Youngsville, LA 70592
      View Details
    • $836,563
      19.80 Acres

      Expansive Land Tract in Youngsville

      19.8 acre unzoned land near Youngsville amenities.
      7 8 & 9, Youngsville, LA 70592
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      New Retail Strip Center

      New retail center in growing area, versatile suites available.
      615 Lafayette St, Youngsville, LA 70592
      View Details
    • Contact for pricing
      1,500 SF

      New Retail Strip Center

      New retail center in Youngsville, LA, with versatile suites.
      615 Lafayette St, Youngsville, LA 70592
      View Details
    • $22 SF/Yr

      Retail/Office Space in Youngsville

      1,233 SF retail/office space with high visibility.
      1700 Chemin Metairie Rd, Youngsville, LA 70592
      View Details
    • Contact for pricing
      1,500 SF

      New Retail Strip Center

      New retail strip center in Youngsville, LA for lease.
      615 Lafayette St, Youngsville, LA 70592
      View Details
    • Contact for pricing
      13,500 SF

      New Retail Strip Center

      New retail strip center in Youngsville, LA for lease.
      615 Lafayette St, Youngsville, LA 70592
      View Details
    • Contact for pricing
      1,500 SF

      New Retail Strip Center

      New retail center in growing area, versatile suites available.
      615 Lafayette St, Youngsville, LA 70592
      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.
    2400 Chemin Metairie Pkwy
    Youngsville, LA 70592
    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
    2400 Chemin Metairie Pkwy, Youngsville, LA, 70592
    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!