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    13040 I-10 Service Rd New Orleans, LA 70128
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    Property profile & analytics

    13040 I-10 Service Rd New Orleans, LA 70128

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    • Retail properties & Spaces
    • 1,560 SF
    • 6.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 13040 I-10 Service Rd

    Lot size
    6.74 lot acres
    Property size
    1,560 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional commercial property boasts prime visibility along the I-10 Service Road in New Orleans, Louisiana, enjoying high traffic counts of 79,683 vehicles per day. The single-story, 1,560-square-foot building sits on a substantial 6.74-acre lot, providing ample space and 60 parking spots. Its strategic location near the Bullard Avenue/I-10 interchange places it within easy reach of major retailers like Walmart and Home Depot. The interior features a blend of open space and private offices, adaptable to various business needs. Currently zoned C-3 Commercial, this property offers flexibility for a wide range of commercial uses, making it an ideal investment opportunity for entrepreneurs and businesses seeking high visibility and convenient access to major transportation arteries. The property's location amongst other car dealerships further enhances its appeal and potential. The address is 13040 I-10 Service Rd, New Orleans, LA 70128.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -89.9526
    Latitude
    30.0512

    Comparable in this City

    • Value Estimation by Request
      9,180 SF

      11901 I-10 Service Rd

      Individual retail properties • 9,180 SF
      11901 I-10 Service Rd, New Orleans, LA 70128
      View Details
    • Value Estimation
      $1,860,000
      32,976 SF

      7911 Bullard Ave

      MINI-WAREHOUSE, STORAGE • 32,976 SF
      7911 Bullard Ave, New Orleans, LA 70128-1118
      View Details
    • Value Estimation by Request
      75,040 SF

      12320 I 10th Service Rd

      MINI-WAREHOUSE, STORAGE • 75,040 SF
      12320 I 10th Service Rd, New Orleans, LA 70128-3503
      View Details
    • Value Estimation by Request
      3.72 Acres

      13106 Hayne Blvd

      SHOW ROOM, WAREHOUSE • 3.72 Acres
      13106 Hayne Blvd, New Orleans, LA 70128
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    • Value Estimation by Request
      2,231 SF

      11831 I 10th Service Rd

      RESTAURANT • 2,231 SF
      11831 I 10th Service Rd, New Orleans, LA 70128-2448
      View Details
    • Value Estimation by Request
      3,578 SF

      7030 Bullard Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,578 SF
      7030 Bullard Ave, New Orleans, LA 70128-2300
      View Details

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      10046 I-10 Service Rd, New Orleans, LA 70128
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      Vacant Lot For Sale

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    Similar Nearby for Lease

    • $5,000 /Mo
      1,560 SF

      Retail Property with Ample Parking

      Highly visible retail space with I-10 frontage and parking.
      13040 I 10 Service Rd, New Orleans, LA 70128
      View Details
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      I-10 Service Road Commercial Property

      Highly visible commercial property with ample parking and I-10 frontage.
      13040 I-10 Service Rd, New Orleans, LA 70128
      View Details
    • Contact for pricing
      1,342 SF

      Office Space Available For Rent

      Office space available for rent, totaling 1,342 square feet.
      7440 Wright Rd, New Orleans, LA 70128
      View Details
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    New Orleans, LA 70128
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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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