Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2425 Metairie Ave Kenner, LA 70062-6280
    Back to Search
    Property profile & analytics

    2425 Metairie Ave, Kenner, LA 70062-6280

    View on Map
    • Apartment buildings
    • 0.14 lot acres
    Off-Market
    Last Sale Feb 23, 2024
    $510,000
    Property ID
    US36-0315051
    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
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bring the Light Construction, LLC / Roofing Company / General Contractor
    • Bring the Light construction / Roofing Company / General Contractor

    Property Details for 2425 Metairie Ave

    Lot size
    0.14 lot acres
    Property type
    Apartment buildings
    APN
    0-92-0022429
    APU
    920022429

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 23, 2024 $510,000 139 Orlando LLC Aro Properties I LLC Cash Sale Deed —
    — — Aro Properties 1 LLC — Deed Of Trust · related $313k · Gulf Coast Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $510,000
      ML approach
      $510,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenner
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.2358
    Latitude
    29.9888
    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
    $1,117
    $5,800
    $5,460
    $11,260
    -
    $58,000
    $54,600
    $112,600

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      519 Warren St

      APARTMENT HOUSE (5+ UNITS)
      519 Warren St, Kenner, LA 70062-7285
      View Details
    • Value Estimation by Request
      0.21 Acres

      609 Warren St

      APARTMENT HOUSE (5+ UNITS)
      609 Warren St, Kenner, LA 70062-7291
      View Details
    • Value Estimation by Request
      0.22 Acres

      2839 Richland St

      APARTMENT HOUSE (5+ UNITS)
      2839 Richland St, Kenner, LA 70062-4971
      View Details
    • Value Estimation by Request
      0.75 Acres

      629 Compromise St

      APARTMENT HOUSE (5+ UNITS)
      629 Compromise St, Kenner, LA 70062-7688
      View Details
    • Value Estimation by Request
      0.21 Acres

      539 Warren St

      APARTMENT HOUSE (5+ UNITS)
      539 Warren St, Kenner, LA 70062
      View Details
    • Value Estimation by Request
      1.05 Acres

      2616 Georgia Ave

      APARTMENT HOUSE (5+ UNITS)
      2616 Georgia Ave, Kenner, LA 70062-5584
      View Details

    Similar Nearby for Sale

    • $1,200,000
      6,572 SF

      Kenner Multifamily Investment Opportunity

      Nine-unit multifamily property in Kenner with strong rental income potential.
      2222 Florida Ave, Kenner, LA 70062
      View Details
    • $1,200,000
      6,572 SF

      Kenner Multifamily Investment Opportunity

      Nine-unit multifamily property in Kenner with strong rental income potential.
      2222 Florida Ave, Kenner, LA 70062
      View Details
    • $425,000
      4,470 SF

      Kenner Tri-Plex For Sale

      Well-maintained townhouse-style triplex in Kenner with private patios.
      2622 Bessemer St, Kenner, LA 70062
      View Details
    • New
      $280,000
      1,378 SF

      Kenner Double - Turnkey Investment

      Modernized, tenant-occupied Kenner duplex with immediate cash flow.
      1900 Idaho Ave, Kenner, LA 70062
      View Details
    • $278,000
      2,500 SF

      Income-Producing Duplex on Corner Lot

      Leased duplex on corner lot near airport, generating $3000/month.
      1113-15 27Th St, Kenner, LA 70062
      View Details
    • New
      $340,000
      2,109 SF

      Kenner Duplex: Investment Opportunity

      Three-year-old Kenner duplex with two units, generating monthly income.
      2606 Augusta St, Kenner, LA 70062
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      4,101 SF

      Mixed-Use Building in Rivertown District

      Two-story mixed-use building with warehouse, retail, and apartment.
      2131 Reverend Richard Wilson Dr, Kenner, LA 70062
      View Details
    • Contact for pricing

      Kenner Industrial Space Available

      Industrial space available for rent in Kenner, Louisiana.
      2647 Florida Ave, Kenner, LA 70062
      View Details
    • Contact for pricing

      Commercial and Residential Lots For Rent

      Commercial and residential lots available for rent.
      Lots 7-12 & 13-15 Veterans Blvd & Salem St, Kenner, LA 70062
      View Details
    • $5,500 /Mo
      5,800 SF

      Kenner Warehouse Space Available

      5800 sqft warehouse available for rent in Kenner, LA.
      1710 5Th St, Kenner, LA 70062
      View Details
    • Contact for pricing

      Airline Drive Commercial Land

      3.26 acres near airport with commercial zoning.
      851 Airline Dr, Kenner, LA 70062
      View Details
    • Contact for pricing

      Office Building on Veterans Memorial

      Office building with high visibility on Veterans Memorial Blvd.
      1919 Veterans Memorial Blvd, Kenner, LA 70062
      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.
    2425 Metairie Ave
    Kenner, LA 70062-6280
    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

    Thank You for Inquiry
    2425 Metairie Ave, Kenner, LA, 70062
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!