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    800 Clearview Pkwy New Orleans, LA 70123
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    Property profile & analytics

    800 Clearview Pkwy, New Orleans, LA 70123

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    • Neighborhood centers
    • 136,333 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amazon Locker - Roua / Courier Service / Postal Service
    • Lifestyle Appliances / Home Appliance Store / Hardware & Home Improvement
    • Beauty Connection Wig Salon / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Academy Sports + Outdoors / (Bike/Boat/Book/etc) Store
    • Dollar Tree / Grocery & Convenience Store / Food Market

    Property Details for 800 Clearview Pkwy

    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    Elmwood Oaks Shopping Center, a vibrant 136,333 square foot multi-tenant retail center, presents exceptional leasing opportunities. Strategically located at the intersection of S Clearview Parkway and Jefferson Highway, at the base of the Huey P Long Bridge, this Jefferson Parish property benefits from high visibility and accessibility. The center boasts a strong anchor tenant, Academy Sports, generating a significant 77,400 monthly visits, according to Placer.ai data. Three spaces are currently available, ranging from 1,300 to 10,560 square feet, providing flexibility for various retail businesses. With ample parking (over 700 spaces, or one space per approximately 200 square feet), the center ensures convenient customer access. The C2 zoning allows for a diverse range of commercial uses. This well-established center offers a prime location for businesses seeking high foot traffic and excellent visibility in a thriving commercial area. Minimum leasable space is 1,300 square feet.

    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
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1813
    Latitude
    29.9523

    Comparable in this City

    • Value Estimation by Request
      47,803 SF

      10009 Jefferson Hwy

      Lifestyle centers
      10009 Jefferson Hwy, River Ridge, LA 70123
      View Details
    • Value Estimation by Request
      7,051 SF

      6861 Jefferson Hwy

      Neighborhood centers
      6861 Jefferson Hwy, Harahan, LA 70123
      View Details
    • Value Estimation by Request
      14,106 SF

      1640 Hickory Ave

      Neighborhood centers
      1640 Hickory Ave, Harahan, LA 70123
      View Details
    • 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
      36,096 SF

      6005 Jefferson Hwy

      Restaurants
      6005 Jefferson Hwy, Harahan, LA 70123
      View Details
    • Value Estimation by Request
      411,689 SF

      5600 Jefferson Hwy

      Retail properties & Spaces
      5600 Jefferson Hwy, Elmwood, 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
    • $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
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    • $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
    • $250,000
      Pending

      Harahan Land Opportunity

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

    Similar Nearby for Lease

    • Contact for pricing

      Jefferson Highway Retail Opportunity

      32,177 SF available in renovated shopping center.
      6005 Jefferson Hwy, Harahan, LA 70123
      View Details
    • 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

      Second Floor Office Space

      Second-floor office featuring open space, private offices, kitchen, and bathroom.
      1536 Sams Ave, New Orleans, 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

      Elmwood Park Office Spaces Available

      Renovated office suites with included utilities and amenities for lease.
      824 Elmwood Park Blvd, Harahan, LA 70123
      View Details
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    800 Clearview Pkwy
    New Orleans, 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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