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    Property profile & analytics

    6314 Jefferson Hwy Harahan, LA 70123

    • Mixed-use properties
    For Sale
    View listing
    $750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 6314 Jefferson Hwy

    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 6314 Jefferson Hwy in Harahan, Louisiana, presents a compelling investment opportunity. Priced at $750,000, the property boasts a highly desirable C2 zoning classification, opening doors to a wide array of commercial ventures. Situated in Jefferson Parish, with a zip code of 70123, this location benefits from excellent visibility and accessibility along a major thoroughfare. The property's versatile zoning allows for numerous potential uses, making it an ideal choice for entrepreneurs seeking a flexible and adaptable space. The precise square footage and specific building details are not currently available, but interested parties are encouraged to conduct their own due diligence to assess the property's suitability for their intended purpose. Given its prime location and flexible zoning, this mixed-use space represents a significant opportunity for investors seeking a strong return on investment in a thriving Louisiana market. The property's latitude and longitude coordinates are 29.9371012 and -90.1920687 respectively. Further information regarding the property's specifics can be obtained upon request. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harahan
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1921
    Latitude
    29.9371

    Comparable in this City

    • Value Estimation by Request
      1 SF

      9323 Jefferson Hwy

      Retail properties • 1 SF
      9323 Jefferson Hwy, River Ridge, LA 70123
      View Details
    • Value Estimation by Request
      15,700 SF

      1235 Sams Ave

      Distribution properties • 15,700 SF
      1235 Sams Ave, Elmwood, LA 70123
      View Details
    • Value Estimation by Request
      6.85 Acres

      6141 Jefferson Hwy

      Land • 6.85 Acres
      6141 Jefferson Hwy, New Orleans, LA 70123
      View Details
    • Value Estimation by Request
      2,480 SF

      Jefferson Hwy

      Restaurants • 2,480 SF
      0 Jefferson Hwy, River Ridge, LA 70123
      View Details
    • Value Estimation by Request

      880 Commerce Rd

      Office Properties & Spaces
      880 Commerce Rd, New Orleans, LA 70123
      View Details
    • Value Estimation
      $245,000
      0.18 Acres

      1344 Hickory Ave

      APARTMENT HOUSE (5+ UNITS) • 0.18 Acres
      1344 Hickory Ave, Harahan, LA 70123-2151
      View Details

    Similar Nearby for Sale

    • $750,000

      Harahan Mixed-Use Investment Opportunity

      C2 Zoned, High-Traffic Location, $750,000
      6314 Jefferson Hwy, Harahan, LA 70123
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    • $985,000
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      Prime Pine Lake Retail Space

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      River Ridge Office Building For Sale

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      Residential Lot in Harahan

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    • $180,000
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      Residential Lot in River Ridge

      Spacious lot in River Ridge, build your dream home!
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    Similar Nearby for Lease

    • $16 SF/Yr
      7,350 SF

      New Orleans Office Space Available

      1,500 sq ft, Second Floor Walkup
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    • $3,500 /Mo
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      Harahan Flex Space For Rent

      3,000 SF flex space with retail appeal available now.
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    • $7 SF/Yr
      8,800 SF

      Warehouse with Showroom/Office Space

      8,800 SF warehouse with showroom/office in Elmwood Industrial Park.
      805 Distributors Row, New Orleans, LA 70123
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    • $22 SF/Yr
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      Elmwood Office Suites for Lease

      Prime Elmwood Office Space Available
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    • $10 SF/Yr
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      Jefferson Business Center Warehouse

      Elmwood, LA industrial warehouse space for lease.
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    • $1.00 SF/Yr
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      Industrial Property on Edwards Avenue

      Industrial property available for lease in New Orleans, Louisiana.
      1100 Edwards Ave, New Orleans, LA 70123
      View Details
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    6314 Jefferson Hwy
    Harahan, LA 70123
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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.

    More about this property
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