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    1235 Sams Ave Elmwood, LA 70123
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    Property profile & analytics

    1235 Sams Ave Elmwood, LA 70123

    View on Map
    • Distribution centers
    • 15,700 SF
    Off-Market
    Property ID
    US36-0369367
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Snider Fleet Solutions / (Bike/Boat/Book/etc) Store / Auto Parts Store

    Property Details for 1235 Sams Ave

    Property size
    15,700 SF
    Property type
    Distribution centers
    Property subtype
    Fulfillment centers

    Description

    This exceptional 15,700-square-foot industrial property, located in Elmwood's thriving M-2 Industrial District, presents a unique opportunity for immediate occupancy. The single-tenant warehouse boasts a spacious layout, ideal for distribution or warehousing operations. The building features 6,000 square feet of two-story office space, providing ample room for administrative functions. High ceilings, measuring 18 feet clear, maximize storage capacity and operational efficiency. Access is convenient with six ground-level drive-in doors – five measuring 12 feet wide by 14 feet high, and one measuring 10 feet wide by 12 feet high. Natural light floods the interior thanks to strategically placed skylights. Safety is ensured with a fully installed sprinkler system. The property sits on a substantial 21,504-square-foot lot, offering ample space for maneuvering and potential expansion. Fifteen parking spaces are available for employees and visitors. The property's location near Jarvis Street provides excellent access to major transportation routes, enhancing logistical capabilities. This Class B building is zoned M-2, ensuring flexibility for a variety of industrial uses within Jefferson Parish. Don't miss this chance to secure a well-maintained, ready-to-occupy warehouse in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Elmwood
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.19671
    Latitude
    29.9572457

    Comparable in this City

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      Industrial Building with Climate Control

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      Elmwood Distribution Center Retail/Warehouse

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      Premier Industrial Flex Complex

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      HVAC Office Warehouse For Rent

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      Elmwood Office/Warehouse Space Available

      13,000 SF office/warehouse in Elmwood Business Park.
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    Similar Nearby for Lease

    • $6 SF/Yr
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      Industrial Building with Climate Control

      Industrial building featuring climate-controlled warehouse space and gated yard.
      5635 Powell St, Jefferson, 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

      Premier Industrial Flex Complex

      Industrial flex complex in Elmwood, Louisiana, near New Orleans.
      520 Elmwood Park Blvd, New Orleans, LA 70123
      View Details
    • $7 SF/Yr

      Office/Warehouse with Fenced Yard

      8,200 SF flex space with warehouse and fenced yard.
      5143 River Rd, New Orleans, LA 70123
      View Details
    • $8 SF/Yr

      HVAC Office Warehouse For Rent

      6,000 SF office warehouse with HVAC and parking.
      5605 Crawford St, 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
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    Elmwood, 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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