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    Property profile & analytics

    1245 1St Ave Harvey, LA 70058

    • Distribution centers
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0701024
    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.

    Current Use by Public Records

    • Distribution centers

    Property Details for 1245 1St Ave

    Property type
    Distribution centers

    Description

    This exceptional Harvey, Louisiana property presents a unique opportunity for industrial businesses. The offering encompasses approximately 80,000 square feet of land zoned I-H (Heavy Industrial, formerly M2), providing ample space for a variety of heavy industrial uses. Permitted uses include, but are not limited to, outdoor materials storage, manufacturing, fabrication, processing, and distribution. The site's strategic location at the intersection of 1st Avenue and Destrehan Avenue offers excellent accessibility and visibility. In addition to the expansive land parcel, the property includes a 7,000 square foot warehouse building. This warehouse features approximately 2,000 square feet of office space, providing a comfortable and functional workspace. The warehouse is equipped with two dock-high doors for efficient loading and unloading, and includes a dedicated parking area for employee and visitor convenience. The property's I-H zoning and prime location in Harvey, Louisiana make it an ideal choice for businesses seeking a robust and versatile industrial space. The address is 1245 1st Ave, Harvey, LA 70058.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Harvey
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0788982
    Latitude
    29.8883167

    Comparable in this City

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      Harvey Office & Warehouse Space

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      Warehouse with Fenced Outdoor Storage

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    • $1,875 /Mo
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      Office/Warehouse with Crane and Racking

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    • $22,000
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      Office/Warehouse Space with Cranes

      55,865 SF office/warehouse space with multiple cranes and doors.
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    • $7 SF/Yr
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      Harvey Industrial Site For Lease

      Industrial warehouse with laydown yard available for lease.
      1500 Macarthur Ave, Harvey, LA 70058
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    Similar Nearby for Sale

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      Harvey Industrial Complex: Turnkey Business

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      Harvey Canal Waterfront Industrial Facility

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    Similar Nearby for Lease

    • Contact for pricing
      19,500 SF

      Harvey Warehouse - Westbank LA

      19,500 SF Warehouse Space Available
      1208 Peters Rd, Harvey, LA 70058
      View Details
    • $14 SF/Yr
      14,450 SF

      Harvey Office & Warehouse Space

      Flexible Suites, Jefferson Parish, LA
      1901 Westbank Expy, Harvey, LA 70058
      View Details
    • $1,875 /Mo
      5,000 SF

      Office/Warehouse with Crane and Racking

      5,000 SF office/warehouse with crane, racking, and industrial zoning.
      1140 Destrehan Ave, Harvey, LA 70058
      View Details
    • $15,500 /Mo
      34,565 SF

      Warehouse with Fenced Outdoor Storage

      34,565 SF warehouse with fenced storage near New Orleans.
      1133 1St Ave, Harvey, LA 70058
      View Details
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      Office/Warehouse Space with Cranes

      55,865 SF office/warehouse space with multiple cranes and doors.
      1130-1140 1St Ave, Harvey, LA 70058
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    • $6 SF/Yr
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      Harvey Canal Frontage Warehouse

      70,000 SF office/warehouse with canal frontage and industrial zoning.
      1400 Destrehan Ave, Harvey, LA 70058
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    1245 1St Ave
    Harvey, LA 70058
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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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