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

    500 Hemlock St La Place, LA 70068-3923

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2021239
    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

    • Revolution Auto Brokers / Car Dealership
    • Notary Public, Michelle L Sweeney-LLC / Law Firm

    Property Details for 500 Hemlock St

    Property type
    Commercial real estate
    APN
    400420300
    APU
    400420300

    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
    La Place
    County
    St John The Baptist
    State
    Louisiana
    Longitude
    -90.497
    Latitude
    30.0696
    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
    $1,189
    $8,000
    $1,500
    $9,500
    -
    $80,000
    $10,000
    $90,000

    Comparable in this City

    • Value Estimation by Request

      1205 Hwy 628

      COMMERCIAL (GENERAL)
      1205 Hwy 628, La Place, LA 70068-4511
      View Details
    • Value Estimation by Request

      144 Kimball Dr

      COMMERCIAL (GENERAL)
      144 Kimball Dr, La Place, LA 70068-7009
      View Details
    • Value Estimation by Request

      901 Linda Ln

      COMMERCIAL (GENERAL)
      901 Linda Ln, La Place, LA 70068-3711
      View Details
    • Value Estimation by Request

      114 Martin Dr

      COMMERCIAL (GENERAL)
      114 Martin Dr, La Place, LA 70068-4529
      View Details
    • Value Estimation by Request

      900 Michael Ct

      COMMERCIAL (GENERAL)
      900 Michael Ct, La Place, LA 70068-3752
      View Details
    • Value Estimation by Request

      3205 New Hwy 51

      COMMERCIAL (GENERAL)
      3205 New Hwy 51, La Place, LA 70068-6513
      View Details

    Similar Nearby for Sale

    • $6,468,660
      27.00 Acres

      Prime LaPlace Commercial Land

      27 Acres, Hwy 51, C-3 Zoning
      0 New Highway 51, LaPlace, LA 70068
      View Details
    • $10,500,000
      49.25 Acres

      LaPlace Commercial Land - I-10

      49 Acres, Prime I-10 Location, $10.5M
      10 & Belle Terre Blvd, LaPlace, LA 70068
      View Details
    • $160,000

      Hwy 51 Commercial Land Parcels

      20,000 SF lots, prime LaPlace location.
      0 New Highway 51, LaPlace, LA 70068
      View Details
    • $1,155,211
      2.00 Acres

      I-10 Exit Development Opportunity

      Prime 2-acre commercial land, ideal for development.
      910 Belle Terre Blvd, LaPlace, LA 70068
      View Details
    • $69,000

      Residential Land in La Place

      Vacant 70x135 lot ready for your dream home.
      Robichaux Dr, Laplace, LA 70068
      View Details
    • $255,000
      68,694 SF

      LaPlace Industrial Land for Sale

      Prime Louisiana Distribution/Warehouse Land
      0 Bert St, LaPlace, LA 70068
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      8,961 SF

      Airline Hwy Office/Retail Space

      LaPlace, LA: High-visibility, 1-story retail/office space.
      901 Airline Hwy, LaPlace, LA 70068
      View Details
    • $1,400 /Mo

      La Place Duplex For Rent

      Duplex unit available for rent in La Place, Louisiana.
      201 Bayonne Dr, Laplace, LA 70068
      View Details
    • $14 SF/Yr
      5,382 SF

      Riverlands Shopping Center: LaPlace, LA

      High-traffic retail spaces available.
      1460 Airline Hwy, LaPlace, LA 70068
      View Details
    • $25 SF/Yr
      1,424 SF

      LaPlace Office Space For Lease

      Prime Office Space, 1424 SF Available
      669 Belle Terre Blvd, LaPlace, LA 70068
      View Details
    • $25 SF/Yr
      2,717 SF

      Prime QSR Hwy 51 & I-10

      High-traffic QSR with drive-thru, LaPlace, LA.
      4292 Us-51, LaPlace, LA 70068
      View Details
    • Contact for pricing
      388 SF

      Willow Bend Terminal: Prime LA Land

      221 Acres, Riverfront Development
      Mile 141.5 Bank Riv, LaPlace, LA 70068
      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.
    500 Hemlock St
    La Place, LA 70068-3923
    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.