Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5600 Jefferson Hwy Elmwood, LA 70123
    Back to Search
    Property profile & analytics

    5600 Jefferson Hwy, Elmwood, LA 70123

    View on Map
    • Retail properties & Spaces
    • 411,689 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • la waters / Big Box & Wholesale Store
    • XGS - New Orleans / Freight Service / Logistics Company
    • Carboline / Distribution Center / Logistics Company
    • Polymershapes - New Orleans / Distribution Center / Logistics Company
    • American Building Products Llc / Big Box & Wholesale Store / Construction Company

    Property Details for 5600 Jefferson Hwy

    Year built
    1974
    Property type
    Retail properties & Spaces

    Description

    This exceptional Elmwood, Louisiana retail property, located at 5600 Jefferson Hwy, zip code 70123, presents a unique investment opportunity. The Class A, 411,689 square foot center, built in 1974, sits on a substantial 22.92-acre lot and is zoned M-2. Currently 97% occupied, the property offers immediate income potential with available space ranging from 2,672 to 20,720 contiguous square feet. The single building features a flexible layout suitable for various retail tenants. Construction consists of concrete tilt-up panels with a rigid frame steel structure, insulated roof systems, and a slab-on-grade foundation. The property boasts convenient access for trucks, with both dock-high and grade-level loading options. While the building does not have elevators, its design caters to efficient operations. This prime location in Jefferson Parish offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong foothold in a thriving market. The property's robust infrastructure and flexible space options make it a highly desirable investment. Contact us today to learn more about this exceptional opportunity.

    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
    Elmwood
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.185
    Latitude
    29.9443

    Comparable in this City

    • Value Estimation by Request
      6,820 SF

      6231 Jefferson Hwy

      Individual retail properties
      6231 Jefferson Hwy, Harahan, LA 70123
      View Details
    • Value Estimation by Request
      136,333 SF

      800 Clearview Pkwy

      Neighborhood centers
      800 Clearview Pkwy, New Orleans, LA 70123
      View Details
    • Value Estimation by Request
      2,480 SF

      Jefferson Hwy

      Restaurants
      0 Jefferson Hwy, River Ridge, LA 70123
      View Details
    • Value Estimation by Request
      36,096 SF

      6005 Jefferson Hwy

      Restaurants
      6005 Jefferson Hwy, Harahan, LA 70123
      View Details
    • Value Estimation by Request
      8,050 SF

      10934 Jefferson Hwy

      Distribution properties
      10934 Jefferson Hwy, River Ridge, LA 70123
      View Details
    • Value Estimation by Request
      47,803 SF

      10009 Jefferson Hwy

      Lifestyle centers
      10009 Jefferson Hwy, River Ridge, LA 70123
      View Details

    Similar Nearby for Sale

    • $550,000

      Retail Property on Hickory Avenue

      Property on Hickory Avenue with high traffic and commercial potential.
      1629 Hickory Ave, Harahan, LA 70123
      View Details
    • $250,000
      Pending

      Harahan Land Opportunity

      Large lot available in Harahan for residential construction.
      328 Halsey Dr, Harahan, LA 70123
      View Details
    • $184,000

      Harahan Land For Sale

      Land available in Jefferson County, Harahan, Louisiana.
      104 Research Dr, Harahan, LA 70123
      View Details
    • $439,900

      Land For Sale

      Land available near Jefferson Hwy and Rex Dr.
      108 Rex Dr, River Ridge, LA 70123
      View Details
    • $375,000
      0.33 Acres

      Land on Mississippi River Levee

      Two contiguous lots in desirable neighborhood with mature oak trees.
      10536 Stewart Pl, River Ridge, LA 70123
      View Details
    • $410,000

      Harahan Residential Lot Opportunity

      Expansive lot in Harahan, perfect for building your dream home.
      143 Colonial Club Dr, Harahan, LA 70123
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Jefferson Highway Retail Opportunity

      32,177 SF available in renovated shopping center.
      6005 Jefferson Hwy, Harahan, 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

      Elmwood Park Office Spaces Available

      Renovated office suites with included utilities and amenities for lease.
      824 Elmwood Park Blvd, Harahan, 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.
    5600 Jefferson Hwy
    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
    5600 Jefferson Hwy, 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!