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    1440 Lapalco Blvd Harvey, LA 70058

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    1440 Lapalco Blvd Harvey, LA 70058

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    • Lifestyle centers
    • 3,200 SF
    Off-Market
    Property ID
    US36-2463241
    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

    • Cao Law Firm / Law Firm
    • Ding Tea Nola / Cafe & Coffee Shop

    Property Details for 1440 Lapalco Blvd

    Property size
    3,200 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents a fully vacant, 3,200 square foot shopping center located at 1440 Lapalco Boulevard in Harvey, Louisiana, within Jefferson Parish (zip code 70058). The property is categorized as a multi-tenant retail space, offering flexible lease options. The entire 3,200 square feet is currently available for lease, providing a unique chance for a single tenant to occupy the entire building or the possibility of dividing the space. A minimum leasable area of 1,160 square feet is available, allowing for adaptability to various business needs. The maximum contiguous space available is the entire 3,200 square feet, ideal for larger retail operations or businesses requiring significant space. This prime location in Harvey offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving community. The property's address is 1440 Lapalco Boulevard, Harvey, LA 70058. This presents a rare opportunity to establish a significant retail presence in a desirable Jefferson Parish location. The property is ready for immediate occupancy.

    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
    Harvey
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.0452457
    Latitude
    29.8768592

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      Modern Retail Space with Offices

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    Similar Nearby for Lease

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      Retail Spaces in Open-Air Center

      Retail spaces available in high-traffic shopping center.
      1731 Manhattan Blvd, Harvey, LA 70058
      View Details
    • Contact for pricing

      Freestanding Former CVS Pharmacy Building

      Freestanding building at intersection with drive-thru and use restrictions.
      1600 Lapalco Blvd, Harvey, LA 70058
      View Details
    • Contact for pricing

      Westbank Retail Center Pad Site

      Retail spaces available in bustling Westbank shopping center location.
      901 Manhattan Blvd, Harvey, LA 70058
      View Details
    • $2,500 /Mo
      2,400 SF

      Modern Retail Space with Offices

      Retail space featuring reception, open area, breakroom, and offices.
      3700 Lapalco Blvd, Harvey, LA 70058
      View Details
    • $12 SF/Yr

      Former Pharmacy Retail Space Available

      High-traffic retail space with drive-thru, sublease opportunity.
      1600 Lapalco Blvd, Harvey, LA 70058
      View Details
    • Contact for pricing

      Mixed-Use Lifestyle Center for Lease

      Mediterranean-style mixed-use center with office and retail spaces for lease.
      1901 Manhattan Blvd, Harvey, LA 70058
      View Details
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    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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