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    6005 Jefferson Hwy Harahan, LA 70123
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    6005 Jefferson Hwy Harahan, LA 70123

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    • Shopping centers
    For Lease
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    Jefferson Highway Retail Opportunity For Lease
    Contact for pricing
    36,096 SF

    Jefferson Highway Retail Opportunity

    32,177 SF available in renovated shopping center.

    6005 Jefferson Hwy, Harahan, LA 70123
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    Property ID
    US36-2372547
    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

    • DM Sleep Center / Medical Clinic
    • Wing Boss / Restaurant
    • Elmwood Oasis Center / Shopping Center & Mall
    • Dickey's Barbecue Pit / Take-out & Catering / Catering Service
    • Big Deal Burger / Restaurant

    Property Details for 6005 Jefferson Hwy

    Property type
    Shopping centers
    Property subtype
    Office Units

    Description

    The 36,096-sf single-story shopping center has recently undergone extensive exterior renovations, including upgrades to the façade, roof, and siding. The property offers high visibility along Jefferson Highway, with more than 37,128 vpd. This is an industrial/commercial corridor for Jefferson Highway. Surrounding activity includes Elmwood Business Park with 20 million sf of industrial and Elmwood Shopping Center, New Orleans’ largest power center that consists of 1.2 million sf of retail located one mile along Clearview Parkway. The Huey P. Long Bridge is less than one mile east of Jefferson Highway and offers excellent connectivity with the West Bank side of the Mississippi River. There is 32,177 sf available for lease in various configurations. The landlord is seeking long-term, regional, or national credit tenants and will consider dividing the space as required.

    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
    Harahan
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1886603
    Latitude
    29.9416523

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      Elmwood Office/Warehouse Space Available

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      Office Suites Available For Rent

      Multiple office suites available for lease with flexible layouts.
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      Warehouse and Office Space Available

      13,100 SF warehouse and office space for lease.
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      Harahan Office Building For Sale

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    Similar Nearby for Lease

    • $3,500 /Mo

      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
    • Contact for pricing

      Second Floor Office Space

      Second-floor office featuring open space, private offices, kitchen, and bathroom.
      1536 Sams Ave, New Orleans, LA 70123
      View Details
    • Contact for pricing

      Premier Industrial Flex Complex

      Industrial flex complex in Elmwood, Louisiana, near New Orleans.
      520 Elmwood Park Blvd, New Orleans, LA 70123
      View Details
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      13,000 SF

      Elmwood Office/Warehouse Space Available

      13,000 SF office/warehouse in Elmwood Business Park.
      628 Time Saver Ave, Elmwood, LA 70123
      View Details
    • Contact for pricing

      Office Suites Available For Rent

      Multiple office suites available for lease with flexible layouts.
      5740 Citrus Blvd, New Orleans, LA 70123
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      13,100 SF warehouse and office space for lease.
      805 Distributors Row, New Orleans, LA 70123
      View Details
    View Listing
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    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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