Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5904 Deer Park Blvd New Orleans, LA 70127

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5904 Deer Park Blvd New Orleans, LA 70127

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 5904 Deer Park Blvd

    Property type
    Land

    Description

    This exceptional opportunity presents itself in the form of several vacant residential lots located at 5904 W Deer Park Blvd, New Orleans, Louisiana, 70127. The property is zoned S-RD, making it ideal for the development of townhomes, condominiums, or multi-family housing. The asking price for this particular lot is $170,000. This is a fantastic chance for builders or investors to acquire a single lot or a package deal encompassing additional adjacent lots at 5908, 5912, 5920, 5924, and 5928 W Deer Park Blvd. The individual lots offer the potential for constructing new homes or townhouses, while the larger package presents a significant opportunity for a multi-unit residential development. The property is conveniently located in Orleans Parish, New Orleans, providing easy access to local amenities and infrastructure. Serious inquiries are encouraged to explore this promising investment prospect and the potential for creating a thriving residential community. The latitude and longitude coordinates are 30.0362369277079 and -89.97066663916097 respectively. This is a for sale by owner listing.

    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 Parish
    State
    Louisiana
    Longitude
    -89.9707
    Latitude
    30.0362

    Comparable in this City

    • Value Estimation by Request
      8.36 Acres

      8536 Dwyer Rd

      Land • 8.36 Acres
      8536 Dwyer Rd, New Orleans, LA 70127
      View Details
    • Value Estimation by Request

      8540 Tulsa St

      Land
      8540 Tulsa St, New Orleans, LA 70127
      View Details
    • Value Estimation by Request

      Gentilly Blvd

      Land
      0 Gentilly Blvd, New Orleans, LA 70127
      View Details
    • Value Estimation
      $505,000
      4,182 SF

      8036 Lacombe St

      APARTMENT HOUSE (5+ UNITS) • 4,182 SF
      8036 Lacombe St, New Orleans, LA 70127-5108
      View Details
    • Value Estimation
      $3,070,000
      42,100 SF

      10141 Curran Blvd

      APARTMENT HOUSE (5+ UNITS) • 42,100 SF
      10141 Curran Blvd, New Orleans, LA 70127
      View Details
    • Value Estimation
      $575,000
      3,456 SF

      6745 Cindy Pl

      APARTMENT HOUSE (5+ UNITS) • 3,456 SF
      6745 Cindy Pl, New Orleans, LA 70127-2968
      View Details

    Similar Nearby for Sale

    • $231,000

      Multi-Unit Property in New Orleans

      Multi-unit property available for online auction in New Orleans.
      10930 Roger Dr, New Orleans, LA 70127
      View Details
    • Contact for pricing

      New Orleans Multifamily Investment Property

      47-unit multifamily property in New Orleans East, renovated in 2012.
      6780 Bundy Rd, New Orleans, LA 70127
      View Details
    • $35,000
      0.37 Acres

      Residential Land in New Orleans

      Land for sale in New Orleans, Louisiana.
      40332 3Rd St, New Orleans, LA 70127
      View Details
    • New
      Contact for pricing

      Vacant Lot in New Orleans

      Vacant land available for new construction in New Orleans.
      4587 Marque Dr, New Orleans, LA 70127
      View Details
    • Contact for pricing
      0.12 Acres

      Spacious Lot in New Orleans

      Cleared 5,400 sq ft lot ready for construction.
      5018 Hauck Dr, New Orleans, LA 70127
      View Details
    • $400,000
      3.69 Acres

      New Orleans Vacant Land

      3.69 acres of C-1 zoned land for future development.
      5700 Deer Park Blvd, New Orleans, LA 70127
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center with Excellent Visibility

      Attractive retail center with high visibility and ample parking.
      9900 Lake Forest Blvd, New Orleans, LA 70127
      View Details
    • Contact for pricing

      Warehouse with Fenced Laydown Yard

      10,840 SF warehouse with 16 docks on 1.99 acres.
      10900 Old Gentilly Rd, New Orleans, LA 70127
      View Details
    • Contact for pricing

      Renovated Showroom and Warehouse Space

      Recently renovated showroom and warehouse space with adaptive reuse potential.
      9921 W I 10 Service Rd, New Orleans, LA 70127
      View Details
    • Contact for pricing

      New Orleans East Retail Center

      Retail center with suites available in New Orleans East.
      9820 Lake Forest Blvd, New Orleans, LA 70127
      View Details
    • $2,500 /Mo
      2,300 SF

      Medical Office Space Available

      Commercial building for lease, perfect for medical use.
      8736 Chef Menteur Hwy, New Orleans, LA 70127
      View Details
    • Contact for pricing

      Retail Center with Pylon Signage

      Attractive retail center with excellent visibility and various spaces.
      9900 Lake Forest Blvd, New Orleans, LA 70127
      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.
    5904 Deer Park Blvd
    New Orleans, LA 70127
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!