Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1500 Macarthur Ave Harvey, LA 70058

    • Manufacturing properties
    • 5,050 SF
    For Sale
    View listing
    $1,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0757337
    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

    • Manufacturing properties

    Property Details for 1500 Macarthur Ave

    Property size
    5,050 SF
    Property type
    Manufacturing properties
    Property subtype
    Distribution centers

    Description

    This 5,050-square-foot industrial property in Harvey, Louisiana, is available for a net-net-net (NNN) lease. The single-tenant building features a metal panel exterior with a steel frame on a poured concrete slab. The warehouse boasts ceiling heights ranging from 14 to 17.5 feet (eaves) and 15.5 to 22.5 feet (peak). The 13,000-square-foot lot includes a rear yard suitable for storage. Three grade-level overhead doors and two drive-in doors provide convenient access. The property is equipped with 120/240v 3-phase power and a 3,000-pound maximum capacity crane. The Jefferson Parish location is zoned M-1, allowing for diverse industrial uses. All measurements are approximate and should be independently verified. Zoning, overlays, and intended use must also be verified by the prospective lessee. The property's address is 1500 MacArthur Avenue, Harvey, LA 70058, and its APN is 0400003694.

    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 Parish
    State
    Louisiana
    Longitude
    -90.081503
    Latitude
    29.8847291

    Comparable in this City

    • 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
    • New
      $4,000 /Mo
      1,511 SF

      Office & Warehouse on Large Lot

      Versatile property with offices, warehouse, storage, and convenient access.
      3821 Day St, Harvey, LA 70058
      View Details
    • $7,400 /Mo
      19,500 SF

      Office/Warehouse with Yard Space

      Office/warehouse space with yard, located near Westbank Expressway.
      1208 Peters Rd, Harvey, LA 70058
      View Details
    • $61 SF/Yr
      11,647 SF

      Harvey Office Space: Fountain Park

      Modern Harvey office suites, coworking & creative spaces.
      0 Fountain Park, Harvey, LA 70058
      View Details
    • $22 SF/Yr
      137,237 SF

      Manhattan Blvd Retail Center

      Harvey, LA: Prime Retail Space Available
      1731 Manhattan Blvd, Harvey, LA 70058
      View Details

    Similar Nearby for Sale

    • $1,600,000
      35,471 SF

      Harvey Industrial Complex: Turnkey Business

      35,471 SF Industrial Property, $1.6M
      1500 Macarthur Ave, Harvey, LA 70058
      View Details
    • $410,000
      0.26 Acres

      Harvey Commercial Space with Visibility

      Modern commercial space with office and warehouse functionality.
      405 Texaco Ln, Harvey, LA 70058
      View Details
    • $299,000
      3,800 SF

      Harvey Warehouse with Equipment Included

      3,800 SF warehouse with equipment on 7,812 SF lot.
      3534 4Th St, Harvey, LA 70058
      View Details
    • $2,450,000

      Established Craft Distillery Business Opportunity

      Acquire a craft distillery business with valuable intellectual property.
      501 Destrehan Ave, Harvey, LA 70058
      View Details
    • $130,000
      855 SF

      Renovated Commercial Suite in Harvey

      Newly renovated commercial suite in high-visibility Harvey location.
      1525 Lapalco Blvd, Harvey, LA 70058
      View Details
    • $599,000
      20,000 SF

      Cleared Land on Manhattan Boulevard

      Cleared land with high traffic count near major retailers.
      1920 Manhattan Blvd, Harvey, LA 70058
      View Details

    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
    • New
      $4,000 /Mo
      1,511 SF

      Office & Warehouse on Large Lot

      Versatile property with offices, warehouse, storage, and convenient access.
      3821 Day St, Harvey, LA 70058
      View Details
    • $7,400 /Mo
      19,500 SF

      Office/Warehouse with Yard Space

      Office/warehouse space with yard, located near Westbank Expressway.
      1208 Peters Rd, Harvey, LA 70058
      View Details
    • $61 SF/Yr
      11,647 SF

      Harvey Office Space: Fountain Park

      Modern Harvey office suites, coworking & creative spaces.
      0 Fountain Park, Harvey, LA 70058
      View Details
    • $22 SF/Yr
      137,237 SF

      Manhattan Blvd Retail Center

      Harvey, LA: Prime Retail Space Available
      1731 Manhattan Blvd, Harvey, LA 70058
      View Details
    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.
    1500 Macarthur Ave
    Harvey, LA 70058
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.