Property profile

9900 Lake Forest Blvd New Orleans, LA 70127

FOR LEASE
Retail space
Property ID
US36-0607300
29,700 SF 1.8 ac lot Built 1990
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 9900 Lake Forest Blvd, New Orleans, LA 70127, directly off Read Blvd. The property boasts excellent visibility and pylon signage availability, ensuring high traffic and brand recognition. This 20,800 square foot community center offers multiple spaces for lease, ranging from 1,556 square feet to a maximum contiguous space of 7,056 square feet. Currently, 10,942 square feet of space is vacant, presenting a significant opportunity for expansion or multiple tenants. Specific available spaces include approximately 1,566, 1,616, 2,270, and 3,884 square feet, in addition to the larger 10,942 square foot space. The center features an attractive blue overhang and ample parking for customer convenience. Excelth Medical serves as an anchor tenant, drawing significant traffic to the center. The property sits on a 1.75-acre lot in Orleans Parish, providing a substantial footprint and potential for future development. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving New Orleans neighborhood. The property is classified as Retail, with subtypes including Community Center, Fashion/Specialty, Mixed Use, Neighborhood Center, and Strip Center.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Construction CONCRETE
Total area 29,700 SF
Lot 1.8 ac (78,207 SF)
APN 39W016323
UPID US36-0607300

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Community Health Centre
  • Pediatrician Medical Clinic
  • Community Health Centre Health Care Facility
  • Dental Office

Location

9900 Lake Forest Blvd New Orleans, LA 70127
New Orleans metro Census 1736 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$975k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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