Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    223 Judge Perez Dr Chalmette, LA 70043
    Property profile & analytics

    223 Judge Perez Dr Chalmette, LA 70043

    View on Map
    • Commercial real estate
    • 12,740 SF
    • 0.40 lot acres
    For Sale
    $950,000
    View Listing →
    Chalmette Commercial Building For Sale For Sale
    $950,000
    12,740 SF

    Chalmette Commercial Building For Sale

    High-profile corner lot, updated building, great location.

    223 Judge Perez Dr, Chalmette, LA 70043
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chalmette Home & Power Equipment / Building Supply / Hardware & Home Improvement

    Property Details for 223 Judge Perez Dr

    Year built
    2014
    Lot size
    0.40 lot acres
    Property size
    12,740 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property at 223 E Judge Perez Drive in Chalmette, Louisiana, presents a unique investment opportunity. Boasting a high-profile corner location with 150 feet of frontage along E. Judge Perez Drive, this 12,740 square foot building offers significant visibility and accessibility. The property includes 10,782 square feet of heated and cooled space, ideal for a variety of commercial uses. The layout features a free-span retail area, a dedicated parts room, and office space, providing flexibility for diverse business needs. A substantial 1,958 square foot warehouse with its own heated and cooled working area adds to the property's versatility. Recent renovations have completely updated the building, encompassing HVAC systems, insulation, paint, flooring, and roof upgrades, ensuring efficiency and modern appeal. Ample parking is provided with 14 designated spaces plus overflow parking. The property is zoned C-1 Neighborhood Commercial and sits within a Flood Zone X designation. The 0.4-acre lot offers significant potential for expansion or outdoor uses. Currently operating as a hardware store, this turnkey operation presents an opportunity to acquire both the real estate and the ongoing business for $1,350,000. The real estate alone is offered at $950,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chalmette
    County
    St. Bernard
    State
    Louisiana
    Longitude
    -89.9616
    Latitude
    29.9423

    Comparable in this City

    • Value Estimation by Request
      19,768 SF

      Judge Perez Dr

      Commercial real estate • 19,768 SF
      Judge Perez Dr, Chalmette, LA 70043
      View Details
    • Value Estimation by Request

      Fazzio Rd

      Land
      0 Fazzio Rd, Chalmette, LA 70043
      View Details
    • Value Estimation by Request

      2011 Jackson Blvd

      Land
      2011 Jackson Blvd, Chalmette, LA 70043
      View Details
    • Value Estimation by Request
      10,580 SF

      8321 Lafitte Ct

      Commercial real estate • 10,580 SF
      8321 Lafitte Ct, Chalmette, LA 70043
      View Details
    • Value Estimation by Request
      8,148.00 Acres

      Fazzio Rd

      Land • 8,148.00 Acres
      0 Fazzio Rd, Chalmette, LA 70043
      View Details
    • Value Estimation by Request
      0.16 Acres

      1001 St Bernard Hwy

      Land • 0.16 Acres
      1001 St Bernard Hwy, Chalmette, LA 70043
      View Details

    Similar Nearby for Sale

    • $950,000
      12,740 SF

      Chalmette Commercial Building For Sale

      High-profile corner lot, updated building, great location.
      223 Judge Perez Dr, Chalmette, LA 70043
      View Details
    • $225,000
      19,768 SF

      Chalmette Commercial Corner Lot

      High-visibility, prime commercial location.
      Judge Perez Dr, Chalmette, LA 70043
      View Details
    • $260,000
      2,707 SF

      Chalmette Commercial Building For Sale

      Prime Chalmette location, high-traffic area.
      3003 Jean Lafitte Pkwy, Chalmette, LA 70043
      View Details
    • $400,000
      3,980 SF

      8417 Saint Bernard Hwy, Chalmette, LA 70043

      Commercial real estate • 3,980 SF
      8417 Saint Bernard Hwy, Chalmette, LA 70043
      View Details
    • $225,000
      2,483 SF

      Prime Chalmette Commercial Space

      Spacious building, ample parking, high visibility.
      2604 Campagna Dr, Chalmette, LA 70043
      View Details
    • $450,000
      4,914 SF

      Prime Chalmette Office Building

      4,914 SF Office w/ Warehouse
      8320 Lafitte Ct, Chalmette, LA 70043
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,450 SF

      Retail Space on Judge Perez

      Retail space available for lease on Judge Perez Drive.
      203 W Judge Perez Dr, Chalmette, LA 70043
      View Details
    • Contact for pricing

      Prime Commercial Land in Chalmette

      Ground lease opportunity in high-visibility Chalmette location.
      2910 Paris Rd, Chalmette, LA 70043
      View Details
    • Contact for pricing

      Two-Story Office Building with Warehouse

      Two-story office building with warehouse space for rent.
      8320 Lafitte Ct, Chalmette, LA 70043
      View Details
    • Contact for pricing

      Retail Center in St. Bernard

      55,000 SF retail center with available 5,204 SF unit.
      8400 W Judge Perez Dr, Chalmette, LA 70043
      View Details
    • $2,500 /Mo
      Pending

      Retail Space Available For Rent

      Retail space available for lease in Chalmette, Louisiana.
      4002 Laviosier St, Chalmette, LA 70043
      View Details
    • $3,250 /Mo
      3,600 SF

      Commercial Office Space Available

      3,600 SF commercial office space, move-in ready.
      315 W Genie St, Chalmette, LA 70043
      View Details
    View Listing
    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.
    223 Judge Perez Dr
    Chalmette, LA 70043
    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
    223 Judge Perez Dr, Chalmette, LA, 70043
    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!