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    981 Jefferson Hwy Jefferson, LA 70121

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    981 Jefferson Hwy Jefferson, LA 70121

    View on Map
    • Bars & Pubs
    • 2,134 SF
    • 0.69 lot acres
    Off-Market
    Property ID
    US36-0723416
    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

    • New Orleans Original Daiquiris Jefferson / Bar & Pub

    Property Details for 981 Jefferson Hwy

    Lot size
    0.69 lot acres
    Property size
    2,134 SF
    Property type
    Bars & Pubs
    Property subtype
    Pubs

    Description

    Exceptional investment opportunity awaits at 981 Jefferson Highway, Jefferson, Louisiana, a thriving suburb of New Orleans. This single-tenant, net-leased bar presents a compelling proposition for investors seeking strong returns. The property encompasses 2,134 square feet on a 0.69-acre lot, situated within a bustling commercial area. Its strategic location near Ochsner Main Campus, a major hospital, ensures high visibility and accessibility, attracting significant foot traffic. The building is a single-story structure, zoned M-1, offering flexibility for future redevelopment potential. The asking price is $1,300,000, translating to $609.18 per square foot. This net lease investment minimizes landlord responsibilities, providing a streamlined ownership experience. The property's strong location and established tenant base make it an ideal addition to any commercial real estate portfolio. This is a rare opportunity to acquire a well-positioned, income-generating asset in a high-demand area. Serious inquiries only.

    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
    Jefferson
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.14045729
    Latitude
    29.96235357

    Comparable in this City

    • Contact for pricing

      Jefferson Highway Retail Investment

      Retail property for sale with existing lease in place.
      3805 Jefferson Hwy, Jefferson, LA 70121
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      6,300 SF

      Jefferson Highway Commercial Property

      Commercial property on Jefferson Highway, ideal for investment and growth.
      3003-3007 Jefferson Hwy Hwy, Jefferson, LA 70121
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    • $575,000
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      Jefferson, LA Multifamily Investment

      Income-producing property with development potential in Jefferson, Louisiana.
      568 Central Ave, Jefferson, LA 70121
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    • $1,325,000

      Jefferson Highway Development Opportunity

      Prime development opportunity near Ochsner Hospital with income potential.
      2819 Jefferson Hwy, Jefferson, LA 70121
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    • $320,000
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      Renovated Multifamily Property Near Medical Center

      Renovated multifamily property near Jefferson Ochsner Medical Center.
      2916-18 Andover St, Jefferson, LA 70121
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    • $350,000
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      Renovated Cottage with Guest House

      Renovated cottage with guest house near Ochsner campus.
      616 Labarre Rd, Jefferson, LA 70121
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    Similar Nearby for Sale

    • Contact for pricing
      6,300 SF

      Jefferson Highway Commercial Property

      Commercial property on Jefferson Highway, ideal for investment and growth.
      3003-3007 Jefferson Hwy Hwy, Jefferson, LA 70121
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    • Contact for pricing

      Jefferson Highway Retail Investment

      Retail property for sale with existing lease in place.
      3805 Jefferson Hwy, Jefferson, LA 70121
      View Details
    • $1,325,000

      Jefferson Highway Development Opportunity

      Prime development opportunity near Ochsner Hospital with income potential.
      2819 Jefferson Hwy, Jefferson, LA 70121
      View Details
    • $320,000
      1,450 SF

      Renovated Multifamily Property Near Medical Center

      Renovated multifamily property near Jefferson Ochsner Medical Center.
      2916-18 Andover St, Jefferson, LA 70121
      View Details
    • $350,000
      1,453 SF

      Renovated Cottage with Guest House

      Renovated cottage with guest house near Ochsner campus.
      616 Labarre Rd, Jefferson, LA 70121
      View Details
    • $255,000
      1,346 SF

      Updated Jefferson Duplex For Sale

      Updated duplex in Old Jefferson, ideal for owner-occupancy or investment.
      2913 Hawkston St, Jefferson, LA 70121
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Pad Site Available

      Ground lease or build-to-suit opportunity in Ochsner Medical corridor.
      988 Jefferson Hwy, Jefferson, LA 70121
      View Details
    • $6 SF/Yr

      Industrial Space Sublease Opportunity

      Sublease space available near Clearview/Earhart Interchange until April 2026.
      1401 South Clearview Pkwy, Jefferson, LA 70121
      View Details
    • $2,000 /Mo
      817 SF

      Light Industrial Zoned Lease Opportunity

      Versatile commercial space with office, yard, and storage potential.
      406 Iris Ave, Jefferson, LA 70121
      View Details
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    981 Jefferson Hwy
    Jefferson, LA 70121
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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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