42660 Hwy 23Venice, LA 70091

  • Commercial real estate
  • 1.32 AC
Off market
$13,224,770 Estimated

Property Details for 42660 Hwy 23

Lot size
1.32 AC
Property type
Commercial real estate
APN
1521850
APU
1521850

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024

  • CAP approach

    CAP return
    Valuation
    6%
    $10,334,000
    6.5%
    $9,539,120
    7%
    $8,857,760

  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,386,070
    Geo Method
    $4,087,600

  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $17,714,900
    Retail / Commercial
    $9,292,680
    Mixed-Use / Specialty
    $9,423,910
    Hospitality / Lodging
    $7,128,020
    Office
    $9,539,120
    Institutional / Educational
    $9,855,820
    Residential Income
    $11,531,300
    Multifamily
    $12,918,800
    Automotive / Energy
    $8,447,840
    Parking / Income-Based Land
    $2,752,860
    Restaurant / Food Service
    $5,252,230
    Healthcare / Senior Housing
    $9,495,500

Location Insight

City
Venice
County
Plaquemines
State
Louisiana
Latitude
29.2792
Longitude
-89.361
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
$842
$3,300
$8,606
$11,906
-
$33,000
$57,373
$90,373

Comparable in this City

  • 42336 Hwy 23

    COMMERCIAL (GENERAL) • 3,600 SF

    Estimated
    $21,740,750
    42336 Hwy 23
    Venice, LA
    View Details

  • 42666 Hwy 23

    COMMERCIAL (GENERAL) • 26,800 SF

    Estimated
    $37,069,560
    42666 Hwy 23
    Venice, LA
    View Details

  • 165 Hoist Rd Bldg Only

    COMMERCIAL (GENERAL)

    165 Hoist Rd Bldg Only
    Venice, LA
    View Details

  • 42855 Hwy 23

    COMMERCIAL (GENERAL) • 2,652 SF

    Estimated
    $46,487,140
    42855 Hwy 23
    Venice, LA
    View Details

  • 223 Sports Marina

    COMMERCIAL (GENERAL) • 5,262 SF

    Estimated
    $257,389
    223 Sports Marina
    Venice, LA
    View Details

  • 339 Coast Guard

    COMMERCIAL (GENERAL) • 5,250 SF

    Estimated
    $78,750
    339 Coast Guard
    Venice, LA
    View Details

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Hwy 23
Venice, LA 70091

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Venice, LA 70091

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

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