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    700 Clearview Pkwy Metairie, LA 70001

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    700 Clearview Pkwy Metairie, LA 70001

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    • Commercial real estate
    Off-Market
    Property ID
    US36-0278821
    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 700 Clearview Pkwy

    Property type
    Commercial real estate

    Description

    This exceptional 48,860 square foot development site is located at 700 Clearview Pkwy, Metairie, LA 70001, in Jefferson Parish. Boasting 342 feet of frontage on heavily trafficked Clearview Parkway, this property offers tremendous visibility and accessibility. Directly across from Rouses Supermarket, this site presents a unique opportunity for developers. Currently zoned C-1, the land was originally six residential parcels, combined and rezoned in 2013 as Neighborhood Commercial. Prior approvals exist for a 15,310 square foot retail center, and a four-story mixed-use development incorporating 22-25 multi-family units above parking and 5,000 square feet of retail space. Existing residential structures are on short-term leases and require demolition by the purchaser. A left-turn lane into the property may be achievable

    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
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1800189
    Latitude
    29.9809911

    Comparable in this City

    • $750,000

      Airline Drive Redevelopment Opportunity

      Redevelopment opportunity on Airline Drive, Metairie.
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    • $270,000
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      Metairie Mixed-Use Opportunity

      Mid-century home zoned for business or residential use.
      2209 Athania Pkwy, Metairie, LA 70001
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    • $179,900
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      Fire Damaged Multi-Family Property

      Fire-damaged multi-family property with potential for investors.
      4541 Ligustrum St, Metairie, LA 70001
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    • $299,000
      2,083 SF

      Metairie Multifamily Property For Sale

      Renovated multifamily property with income potential in Metairie, Louisiana.
      4828-30 Condor St, Metairie, LA 70001
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    • $369,000
      2,450 SF

      Metairie Duplex: Income Potential

      Income-producing duplex with flexible backyard and strong investment potential.
      3939-3941 Bauvais St, Metairie, LA 70001
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    • $280,000
      1,949 SF

      Metairie Duplex: Investment or Owner-Occupancy

      Well-maintained duplex near Causeway Blvd, offering flexibility and immediate cash flow.
      1212-14 North Arnoult Rd, Metairie, LA 70001
      View Details

    Similar Nearby for Sale

    • $750,000

      Airline Drive Redevelopment Opportunity

      Redevelopment opportunity on Airline Drive, Metairie.
      3640 Airline Dr, Metairie, LA 70001
      View Details
    • $270,000
      1,682 SF

      Metairie Mixed-Use Opportunity

      Mid-century home zoned for business or residential use.
      2209 Athania Pkwy, Metairie, LA 70001
      View Details
    • $179,900
      2,000 SF

      Fire Damaged Multi-Family Property

      Fire-damaged multi-family property with potential for investors.
      4541 Ligustrum St, Metairie, LA 70001
      View Details
    • $299,000
      2,083 SF

      Metairie Multifamily Property For Sale

      Renovated multifamily property with income potential in Metairie, Louisiana.
      4828-30 Condor St, Metairie, LA 70001
      View Details
    • $369,000
      2,450 SF

      Metairie Duplex: Income Potential

      Income-producing duplex with flexible backyard and strong investment potential.
      3939-3941 Bauvais St, Metairie, LA 70001
      View Details
    • $280,000
      1,949 SF

      Metairie Duplex: Investment or Owner-Occupancy

      Well-maintained duplex near Causeway Blvd, offering flexibility and immediate cash flow.
      1212-14 North Arnoult Rd, Metairie, LA 70001
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo

      Metairie Double Home For Rent

      Charming 2-bedroom, 2-bath double home in a convenient Metairie location.
      3615 Anderson Ct, Metairie, LA 70001
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    • $13 SF/Yr
      1,762 SF

      Metairie Office Space: Flex & Sale

      Prime Metairie Office, Flex Space Available
      612 Clearview Pkwy, Metairie, LA 70001
      View Details
    • $16 SF/Yr

      Retail End-Cap Space Available

      Retail end-cap available for lease in high-traffic area.
      2301 N Causeway Blvd, Metairie, LA 70001
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    • $7 SF/Yr

      Industrial Space with Office

      6,000 SF industrial space with 1,040 SF office.
      1013-B West Labarre Park, Metairie, LA 70001
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    • Contact for pricing

      Metairie Office Space For Rent

      Affordable office space with utilities included and free parking.
      4300 Service Rd E, Metairie, LA 70001
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    • Contact for pricing

      Flex Space with Office/Warehouse

      2,499 SF flex space with office and warehouse areas.
      1005 Harimaw Ct W, Metairie, LA 70001
      View Details
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    Metairie, LA 70001
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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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