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    6141 Jefferson Hwy New Orleans, LA 70123
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    Property profile & analytics

    6141 Jefferson Hwy New Orleans, LA 70123

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    • Commercial real estate
    • 6.85 lot acres
    Off-Market
    Property ID
    US36-0521335
    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 6141 Jefferson Hwy

    Lot size
    6.85 lot acres
    Property type
    Commercial real estate
    APN
    3129771

    Description

    This exceptional 6.85-acre development site in New Orleans, Louisiana, presents a compelling investment opportunity. Located at 6141 Jefferson Hwy, Jefferson Parish, zip code 70123 (APN 3129771), this property boasts M-1 zoning, permitting both industrial and residential development. Its strategic location offers unparalleled access to major thoroughfares, including easy connectivity to the H.P. Long bridge (West Bank access) and I-10 via Clearview Parkway. The site is situated in a vibrant commercial/retail area, proximate to established businesses such as Walmart and the Elmwood Shopping Complex. The property's high visibility is further enhanced by its future hard-corner location at the intersection of Jefferson Highway and Dickory Avenue (upon completion of the road connection). Phases 1 and 2 of a 3-phase development plan are already complete, providing a solid foundation for future construction. The asking price is $5,818,527. This represents a significant price reduction, making this an attractive opportunity for developers seeking a prime location with substantial upside potential in a thriving New Orleans market. The property's size and zoning flexibility offer a wide range of development possibilities, catering to diverse project needs. This is a rare chance to acquire a substantial parcel of land in a high-demand area.

    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
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1895772
    Latitude
    29.939366

    Comparable in this City

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      Elmwood Mixed-Use Commercial Property

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      Prime Commercial Land For Sale

      Cleared commercial lot with Jefferson Highway frontage, ready for development.
      9225 Jefferson Hwy, River Ridge, LA 70123
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      Cleared Lot in River Ridge

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      30,895 SF

      Commercial Land on Jefferson Highway

      Land site adjacent to Colonial Shopping Center, ready for development.
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    Similar Nearby for Sale

    • Contact for pricing
      6,429 SF

      Renovated Apartment Building For Sale

      Recently renovated 16-unit apartment building with income potential.
      321-325 Bengal Rd, River Ridge, LA 70123
      View Details
    • Contact for pricing
      31,398 SF

      Citrus Apartments: Elmwood Investment Opportunity

      64-unit studio apartment property near Elmwood Business Park.
      5855 Citrus Blvd, New Orleans, LA 70123
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      8,350 SF

      Elmwood Mixed-Use Commercial Property

      Mixed-use property with warehouse and office suites in Elmwood.
      408 Commerce Pt, Elmwood, LA 70123
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      Prime Commercial Land For Sale

      Cleared commercial lot with Jefferson Highway frontage, ready for development.
      9225 Jefferson Hwy, River Ridge, LA 70123
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    • $162,900
      7,300 SF

      Cleared Lot in River Ridge

      Prime lot ready for construction in a desirable location.
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      30,895 SF

      Commercial Land on Jefferson Highway

      Land site adjacent to Colonial Shopping Center, ready for development.
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      View Details

    Similar Nearby for Lease

    • $3,500 /Mo

      Harahan Flex Space For Rent

      3,000 SF flex space with retail appeal available now.
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    • $7 SF/Yr

      Industrial Space with Loading Bay

      8,100 SF industrial space with office and storage.
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      Elmwood Distribution Center Retail/Warehouse

      Retail and warehouse spaces available for lease in Elmwood.
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      Premier Industrial Flex Complex

      Industrial flex complex in Elmwood, Louisiana, near New Orleans.
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      Office/Warehouse with Fenced Yard

      8,200 SF flex space with warehouse and fenced yard.
      5143 River Rd, New Orleans, LA 70123
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    • $8 SF/Yr

      HVAC Office Warehouse For Rent

      6,000 SF office warehouse with HVAC and parking.
      5605 Crawford St, New Orleans, LA 70123
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    6141 Jefferson Hwy
    New Orleans, 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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