1421 Airline Hwy La Place, LA 70068-3744
Property profile & analytics
1421 Airline Hwy La Place, LA 70068-3744
- Commercial land
Property ID
US36-1942134
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.
Location Intelligence
Current Use by Public Records
- Motto Clear Aligners / Dental Office
- R Hicks Automotive / Auto Repair Shop
- Aspen Dental - LaPlace, LA / Dental Office
Property Details for 1421 Airline Hwy
- Property type
- Commercial land
- APN
- 400354700
- APU
- 400354700
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 3,500 square foot medical office building in LaPlace, Louisiana, fully occupied by Aspen Dental under a 10-year NNN lease commencing April 30, 2023, and expiring April 30, 2033. The lease includes three 5-year renewal options and features 10% rent increases every five years, ensuring consistent income growth and inflation protection. The property boasts a 6.80% cap rate and a strong net operating income (NOI) of $161,000. Situated on a 0.82-acre lot with 39 parking spaces, the building enjoys a prime location at a signalized, hard-corner intersection on W. Airline Highway, a major thoroughfare with high daily traffic volume. This high-visibility location benefits from proximity to numerous shopping centers, including Belle Terre Marche, La Place Center, and Riverlands Shopping Center, as well as a strong concentration of national retailers such as Walmart, Home Depot, and CVS. The property's strategic placement within a dense retail corridor and its proximity to substantial residential communities ensures a robust customer base. The 5-mile trade area boasts a population exceeding 39,900 residents and 13,800 daytime employees, with an average household income of $85,622. Built in 2023, the building is in excellent condition and includes a roof warranty. The corporate-guaranteed lease and minimal landlord responsibilities make this a low-management, high-return investment. The property's APN is 400354700.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- La Place
- County
- St John The Baptist
- State
- Louisiana
- Longitude
- -90.495
- Latitude
- 30.0717
- CBSA code
- 35380
- CBSA name
- NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,251
$10,000
$0.00
$10,000
-
$100,000
$0.00
$100,000
