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    58207 Industrial Pkwy New Orleans, LA 70129
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    Property profile & analytics

    58207 Industrial Pkwy, New Orleans, LA 70129

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    • Commercial real estate
    • 10.00 lot acres
    Off-Market
    Property ID
    US36-0695665
    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

    • Commercial real estate

    Property Details for 58207 Industrial Pkwy

    Lot size
    10.00 lot acres
    Property type
    Commercial real estate
    APN
    41214695

    Description

    This exceptional 10-acre industrial land parcel is ideally situated at 58207 Industrial Parkway in New Orleans, Louisiana, zip code 70129. The property, identified by APN 41214695, offers a unique opportunity for developers and businesses seeking a strategic location. Located conveniently next to the FedEx building, this site boasts excellent accessibility and visibility. The asking price is $750,000, translating to a land value of $1.50 per square foot. This represents a compelling investment opportunity in a thriving industrial area of New Orleans. The property's substantial size provides ample space for various development projects, catering to a wide range of industrial needs. Its prime location ensures easy access to major transportation routes, facilitating efficient logistics and distribution. The motivated seller is eager to finalize a transaction, making this an attractive proposition for serious buyers. Don't miss this chance to acquire a significant industrial land holding in a high-demand location. Contact us today to schedule a viewing and explore the possibilities.

    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
    New Orleans
    County
    Orleans
    State
    Louisiana
    Longitude
    -89.883146
    Latitude
    30.0280791

    Comparable in this City

    • Contact for pricing
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      Land for Sale

      Land available in New Orleans, Louisiana.
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      Waterfront Land in New Orleans

      Waterfront lot suitable for building a dream home.
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      Vacant Commercial Land Zoned S-B2

      Build-ready vacant parcel suited for corridor business development under S-B2 zoning.
      57002 Chef Menteur Hwy, New Orleans, LA 70129
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      9.28 Acres Land Available

      Land available next to the Village of Versailles.
      58244 Dwyer Rd, New Orleans, LA 70129
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      Commercial Land on Chef Menteur

      50,000 SF commercial land for sale with S-B2 zoning.
      119 Chef Menteur Hwy, New Orleans, LA 70129
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    Similar Nearby for Sale

    • Contact for pricing
      35,000 SF

      Dock-High Warehouse on Fenced Site

      Dock-high warehouse with 9 loading doors on 4.04 acres.
      4471 Michoud Blvd, New Orleans, LA 70129
      View Details
    • $60,000

      Land for Sale

      Land available in New Orleans, Louisiana.
      22040 Chef Menteur Hwy, New Orleans, LA 70129
      View Details
    • $54,900

      Waterfront Land in New Orleans

      Waterfront lot suitable for building a dream home.
      4355 Genoa St, New Orleans, LA 70129
      View Details
    • $40,000

      Vacant Commercial Land Zoned S-B2

      Build-ready vacant parcel suited for corridor business development under S-B2 zoning.
      57002 Chef Menteur Hwy, New Orleans, LA 70129
      View Details
    • Contact for pricing

      9.28 Acres Land Available

      Land available next to the Village of Versailles.
      58244 Dwyer Rd, New Orleans, LA 70129
      View Details
    • Contact for pricing

      Commercial Land on Chef Menteur

      50,000 SF commercial land for sale with S-B2 zoning.
      119 Chef Menteur Hwy, New Orleans, LA 70129
      View Details

    Similar Nearby for Lease

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      800,000 SF

      Industrial Warehouse Space in New Orleans

      800000 sqft warehouse space available for rent.
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      800,000 SF

      Industrial Land Near Interstate 510

      Development opportunity with waterway and rail access near Michoud Assembly.
      13800 Old Gentilly Rd, New Orleans, LA 70129
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      Commercial Land For Lease

      Commercial land available for lease.
      16018 Chef Menteur Hwy, New Orleans, LA 70129
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    • Contact for pricing

      Fenced Yard with Pond Access

      1.3-acre yard with optional 20-acre stocked pond for lease.
      16018 Chef Menteur Hwy, New Orleans, LA 70129
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    • $4,500 /Mo
      3,225 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 3225 square feet.
      4664 Alcee Fortier Blvd, New Orleans, LA 70129
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    • $2,500 /Mo
      2,500 SF

      Retail/Office Space For Rent

      2500 sqft retail/office space available for rent.
      13235 Chef Menteur Hwy, New Orleans, LA 70129
      View Details
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    New Orleans, LA 70129
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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.

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