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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1905 Hickory Ave Harahan, LA 70123

    • Office space
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0097218
    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

    • Office space

    Property Details for 1905 Hickory Ave

    Property type
    Office space
    Property subtype
    Medical offices

    Description

    This exceptional Harahan, Louisiana office space at 1905 Hickory Ave, in Jefferson Parish (zip code 70123), offers a diverse range of flexible workspace solutions to suit various business needs. The property caters to businesses of all sizes, from solo entrepreneurs to large corporations, providing options for traditional office spaces, executive suites, coworking areas, medical offices, and creative studios. Tenancy is multiple, allowing for a variety of configurations. Businesses can tailor their space, choosing from fully furnished and equipped private offices, accommodating one person or an entire company. Customizable options include serviced offices, disaster recovery spaces, and day offices, offering access flexibility. Beyond private offices, the location provides coworking spaces with both dedicated desks and hot-desking options. Meeting rooms are available for short-term or long-term use, equipped for various needs, from informal chats to formal presentations and conferences. Virtual office options are also available, including business addresses, mail handling, and virtual assistant services, with varying levels of access to physical office space. Flexible working plans provide access to a global network of workspaces, offering a wide range of options to suit diverse business requirements and preferences. The property's location in Harahan offers convenient access to local amenities and transportation. While the total building square footage is not currently specified, the available office spaces range in size from small to large, accommodating a wide range of business needs.

    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
    Harahan
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.2062004
    Latitude
    29.9659128

    Comparable in this City

    • $3,500 /Mo
      3,000 SF

      Harahan Flex Space For Rent

      3,000 SF flex space with retail appeal available now.
      1539 River Oaks Rd East, Harahan, LA 70123
      View Details
    • $7 SF/Yr
      8,800 SF

      Warehouse with Showroom/Office Space

      8,800 SF warehouse with showroom/office in Elmwood Industrial Park.
      805 Distributors Row, New Orleans, LA 70123
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    • $3,000 /Mo

      Renovated Commercial Property in Harahan

      Renovated office space with showrooms, kitchen, parking, and storage options.
      621 Hickory Ave, Harahan, LA 70123
      View Details
    • $1,400 /Mo
      1,370 SF

      River Ridge Office Space Available

      Professional office space in Elmwood Office Park for lease.
      1524 Edwards Ave, River Ridge, LA 70123
      View Details
    • $16 SF/Yr
      7,350 SF

      New Orleans Office Space Available

      1,500 sq ft, Second Floor Walkup
      1536 Sams Ave, New Orleans, LA 70123
      View Details
    • $22 SF/Yr
      46,614 SF

      Elmwood Office Suites for Lease

      Prime Elmwood Office Space Available
      824 Elmwood Park Blvd, Elmwood, LA 70123
      View Details

    Similar Nearby for Sale

    • $985,000
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      Prime Pine Lake Retail Space

      950 sq ft, 40 parking spaces
      2030 Dickory Ave, Elmwood, LA 70123
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    • $595,000
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      Jefferson Highway Harahan Commercial Land

      Multifamily properties • 30,895 SF
      7463 Jefferson Hwy, Harahan, LA 70123
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    • $1,400,000
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      Harahan Office Building For Sale

      Solid office building with rental space and parking.
      1425 Sams Ave, Harahan, LA 70123
      View Details
    • $1,075,000
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      High-Visibility Commercial Property in Harahan

      Vacant commercial property with high visibility and flexible layout.
      6200 Jefferson Hwy, Harahan, LA 70123
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    • $160,000

      Cleared Double Lot Ready

      Cleared 60x120 double lot ready for new construction.
      478 Oak Ave, Harahan, LA 70123
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    • $375,000
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      River Ridge Vacant Land Opportunity

      Two contiguous lots in a desirable neighborhood, sold for lot value.
      10536 Stewart Pl, River Ridge, LA 70123
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Renovated Commercial Property in Harahan

      Renovated office space with showrooms, kitchen, parking, and storage options.
      621 Hickory Ave, Harahan, LA 70123
      View Details
    • $3,500 /Mo
      3,000 SF

      Harahan Flex Space For Rent

      3,000 SF flex space with retail appeal available now.
      1539 River Oaks Rd East, Harahan, LA 70123
      View Details
    • $7 SF/Yr
      8,800 SF

      Warehouse with Showroom/Office Space

      8,800 SF warehouse with showroom/office in Elmwood Industrial Park.
      805 Distributors Row, New Orleans, LA 70123
      View Details
    • $1,400 /Mo
      1,370 SF

      River Ridge Office Space Available

      Professional office space in Elmwood Office Park for lease.
      1524 Edwards Ave, River Ridge, LA 70123
      View Details
    • $22 SF/Yr
      46,614 SF

      Elmwood Office Suites for Lease

      Prime Elmwood Office Space Available
      824 Elmwood Park Blvd, Elmwood, LA 70123
      View Details
    • $16 SF/Yr
      7,350 SF

      New Orleans Office Space Available

      1,500 sq ft, Second Floor Walkup
      1536 Sams Ave, New Orleans, LA 70123
      View Details
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    1905 Hickory Ave
    Harahan, 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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