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    Property profile & analytics

    Morgan Rd Belle Chasse, LA 70037

    • Motels
    • 1.27 lot acres
    OFF-MARKET
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2163548
    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.

    Current Use by Public Records

    • Motels

    Property Details for Morgan Rd

    Lot size
    1.27 lot acres
    Property type
    Motels
    APN
    1361750
    APU
    1361750

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $205,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Belle Chasse
    County
    Plaquemines
    State
    Louisiana
    Longitude
    -89.3963
    Latitude
    29.3239
    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
    $2,961
    $3,175
    $38,707
    $41,882
    -
    $31,750
    $258,047
    $289,797

    Comparable in this City

    • Value Estimation
      $215,000
      2,496 SF

      37566 Hwy 23

      MOTEL • 2,496 SF
      37566 Hwy 23, Belle Chasse, LA 70037
      View Details
    • Value Estimation by Request
      1.89 Acres

      36305 Hwy 11

      VACANT COMMERCIAL LAND • 1.89 Acres
      36305 Hwy 11, Belle Chasse, LA 70037
      View Details
    • Value Estimation by Request
      1.83 Acres

      36129 Hwy 11

      VACANT COMMERCIAL LAND • 1.83 Acres
      36129 Hwy 11, Belle Chasse, LA 70037
      View Details
    • Value Estimation by Request
      1.00 Acre

      27974 Hwy 23

      VACANT COMMERCIAL LAND • 1.00 Acre
      27974 Hwy 23, Belle Chasse, LA 70037
      View Details
    • Value Estimation
      $240,000
      1.20 Acres

      28659 Hwy 23

      PARKING GARAGE, PARKING STRUCTURE • 1.20 Acres
      28659 Hwy 23, Belle Chasse, LA 70037
      View Details
    • Value Estimation by Request

      7065 Hwy 23

      COMMERCIAL (GENERAL)
      7065 Hwy 23, Belle Chasse, LA 70037
      View Details

    Similar Nearby for Sale

    • $745,900
      12,425 SF

      Office/Warehouse Facility on Engineers Road

      Office and warehouse space with easy highway access.
      2624 Engineers Rd, Belle Chasse, LA 70037
      View Details
    • $369,000
      20.00 Acres

      20 Acres Vacant Land

      Approximately 20 acres of vacant land in Belle Chasse, LA.
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    • $155,000

      Vacant Lot in Gated Community

      Vacant land in Belle Chasse, ready for your dream home.
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    • $5,900,000
      81,009 SF

      Belle Chasse Industrial Complex

      81,009 SF Warehouse, $5.9M
      9203 La-23, Belle Chasse, LA 70037
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    • $3,750,000
      60,485 SF

      Belle Chasse Industrial Manufacturing Plant

      60,485 SF Manufacturing Facility, Riverfront Access
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    • $1,350,000
      37,370 SF

      Industrial Facility on Engineers Road

      37,370 SF industrial facility on approximately 3.8 acres.
      2206 Engineers Rd, Belle Chasse, LA 70037
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    Similar Nearby for Lease

    • $17 SF/Yr
      2,400 SF

      Belle Chasse Retail Space For Lease

      High-traffic Hwy 23 location, 2,400 sq ft.
      10854 Highway 23, Belle Chasse, LA 70037
      View Details
    • $1,450 /Mo

      Belle Chasse Residence For Rent

      Charming 2-bedroom residence in the heart of Belle Chasse.
      116 Zeta St, Belle Chasse, LA 70037
      View Details
    • $5,000 /Mo
      3,300 SF

      Belle Chasse Restaurant Opportunity

      Restaurant space available for lease in Belle Chasse, Louisiana.
      9052 Hwy 23 Hwy, Belle Chasse, LA 70037
      View Details
    • $2,500 /Mo
      3,200 SF

      Office/Warehouse Space For Lease

      3,200 SF office/warehouse space available for lease.
      2304 Engineers Rd, Belle Chasse, LA 70037
      View Details
    • $2,250 /Mo
      3,305 SF

      Belle Chasse Office Space Available

      Office space with great visibility and ample parking available for rent.
      8451 La-23, Belle Chasse, LA 70037
      View Details
    • $8,500 /Mo
      12 SF

      Agricultural Land Near Intracoastal Waterway

      12-acre agricultural site with frontage on Hero Canal.
      Walker Rd, Belle Chasse, LA 70037
      View Details
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    Morgan Rd
    Belle Chasse, LA 70037
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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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