Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7000 Magnolia Ct, Unit 14 Metairie, LA 70003-4411
    Back to Search
    Property profile & analytics

    7000 Magnolia Ct, Unit 14, Metairie, LA 70003-4411

    View on Map
    • Apartment buildings
    • 0.14 lot acres
    Off-Market
    Property ID
    US36-0087779
    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

    • Apartment buildings

    Property Details for 7000 Magnolia Ct

    Lot size
    0.14 lot acres
    Property type
    Apartment buildings
    APN
    0-82-0030970
    APU
    820030970

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 20, 2020 — 7000 Magnolia Court LLC — Deed · related $389k · Gulf Coast Bk
    Jul 10, 2017 $325,000 7000 Magnolia Court LLC A Louisiana Bernard J Lehn JR Deed $260k · Jefferson Financial Credit Union
    Aug 20, 2014 $293,000 Bernard J Lehn JR. Alpine Properties LLC Dual Purpose Document $234k · Alpine Properties LLC
    — — 7000 Magnolia Court LLC — Deed Of Trust · related $389k · Gulf Coast Bk

    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
    State
    Louisiana
    Longitude
    -90.2189
    Latitude
    30.0065
    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
    $4,723
    $7,280
    $28,620
    $35,900
    -
    $72,800
    $286,200
    $359,000

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      927 Cumberland St

      APARTMENT HOUSE (5+ UNITS)
      927 Cumberland St, Metairie, LA 70003-6700
      View Details
    • Value Estimation by Request
      0.11 Acres

      321 Bengal Rd

      APARTMENT HOUSE (5+ UNITS)
      321 Bengal Rd, Metairie, LA 70003-6913
      View Details
    • Value Estimation
      $915,000
      0.18 Acres

      6540 Park Mnr Dr

      APARTMENT HOUSE (5+ UNITS)
      6540 Park Mnr Dr, Metairie, LA 70003-3965
      View Details
    • Value Estimation
      $915,000
      0.21 Acres

      6544 Park Mnr Dr

      APARTMENT HOUSE (5+ UNITS)
      6544 Park Mnr Dr, Metairie, LA 70003-3901
      View Details
    • Value Estimation
      $1,015,000
      0.14 Acres

      116 Marguerite Rd

      APARTMENT HOUSE (5+ UNITS)
      116 Marguerite Rd, Metairie, LA 70003-2466
      View Details
    • Value Estimation by Request
      0.16 Acres

      5710 Soldier St

      APARTMENT HOUSE (5+ UNITS)
      5710 Soldier St, Metairie, LA 70003-2400
      View Details

    Similar Nearby for Sale

    • $250,000
      1,905 SF

      Metairie Duplex: Income Opportunity

      Fully rented duplex in Metairie generating $2,600/month rental income.
      506 N Elm St, Metairie, LA 70003
      View Details
    • $950,000

      Two-Story Retail Building with Three Units

      For sale two-story retail building with three separate units, offering flexible options for investors or owner-operators.
      6919 Veterans Blvd, Metairie, LA 70003
      View Details
    • $165,000
      16 SF

      Commercial Lot with Gated Entrance

      Well-maintained commercial lot featuring limestone parking and utilities.
      723 South Cumberland St, Metairie, LA 70003
      View Details
    • Contact for pricing

      Metairie Strip Center For Sale

      Two-story strip center available on Veterans Boulevard in Metairie.
      8814 Veterans Blvd, Metairie, LA 70003
      View Details
    • Contact for pricing
      6,000 SF

      Two-Story Retail Building Opportunity

      Two-story retail building ready for custom build-out on Veterans.
      6919 Veterans Memorial Blvd, Metairie, LA 70003
      View Details
    • $260,000

      Metairie Land Near Lake

      Residential lot available in established Metairie neighborhood near the lake.
      5212 Purdue Dr, Metairie, LA 70003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      28,500 SF

      Retail Space on Veterans Blvd

      28,500 square feet of retail space available for lease.
      7119 Veterans Memorial Blvd, Metairie, LA 70003
      View Details
    • Contact for pricing

      M A Green Shopping Center

      Retail and office spaces available in renovated shopping center.
      7801-7905 Airline Dr, Metairie, LA 70003
      View Details
    • $8 SF/Yr

      Versatile Retail Center Space

      Multi-tenant retail center with showroom, office, and warehouse space.
      6851 Veterans Memorial Blvd, Metairie, LA 70003
      View Details
    • Contact for pricing
      2,556 SF

      Riverside Park Office Space Available

      Office complex with green space and convenient I-10 access.
      6620 Riverside Dr, Metairie, LA 70003
      View Details
    • Contact for pricing

      Lafreniere Plaza Retail Opportunity

      Retail spaces available in high-traffic shopping center near Lafreniere Park.
      6601 Veterans Memorial Blvd, Metairie, LA 70003
      View Details
    • Contact for pricing
      673 SF

      Office Space in Park-Like Setting

      Office complex with green space and convenient highway access.
      6660 Riverside Dr, Metairie, LA 70003
      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.
    7000 Magnolia Ct, Unit 14
    Metairie, LA 70003-4411
    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

    Thank You for Inquiry
    7000 Magnolia Ct, Metairie, LA, 70003
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!