Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1308 SILVER LILLY Lane lot 93 Marrero, LA 70072

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $43,000

    LAND - Marrero, LA

    Added:
    May 1, 2024
    Days on Market:
    719
    Last Refresh:
    Apr 19 at 8:06 am

    Property Features for 1308 SILVER LILLY Lane lot 93

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    res
    Standard status
    Active

    Taxes and HOA fees

    Tax Description
    1988 tax sale parish of jefferson 2235/649 in the name of childhood development center inc 1414/158 who sold to robert k harris 9613438 owner lot 9

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Wendy Walker
    Wendy Walker

    Listing agent Wendy Walker License #995694525

    Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA

    Listing date May 1, 2024

    MLS# 2446008 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Marrero, LA

    This is a spacious lot ready for construction and prime development. It offers an ideal location with easy access to New Orleans culture, local amenities, and community living. Utilities are available for immediate development. The lot is suitable for a custom-designed residence and represents a wise investment for a future home. It is located in Marrero, Louisiana, in Jefferson Parish and is situated in an X flood zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marrero
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.115952
    Latitude
    29.887123

    Nearby Similar for Sale

    • $975,000

      Marrero Commercial Property For Sale

      M-2 zoned commercial property with two buildings and rental income.
      2400 BARATARIA Boulevard, Marrero, LA 70072
      View Details
    • $350,000
      4,128 SF

      Marrero Fourplex: Income Opportunity

      Income-producing fourplex in Marrero, LA, generating $3,700 monthly.
      1128 Dimarco Street, Marrero, LA 70072
      View Details
    • $335,000
      2,713 SF

      Marrero Triplex Investment Opportunity

      Triplex on corner lot with potential for rental income.
      530 URBANDALE Street, Marrero, LA 70072
      View Details
    • $150,000

      Prime Commercial Land in Marrero

      Exceptional commercial opportunity in Marrero with C-1 zoning.
      ANDERSON Place lot: 1, Marrero, LA 70072
      View Details
    • $799,000
      1,615 SF

      Versatile Commercial Property with Live Oak

      Commercial property with development potential in high-traffic area.
      1308 BARATARIA Boulevard, Marrero, LA 70072
      View Details
    • $500,000

      Marrero Land Ready to Build

      21.42 acres of vacant land suitable for subdivision development.
      DEUTSCH Road lot: 10-45, Marrero, LA 70072
      View Details
    • $129,500

      Marrero Vacant Land Opportunity

      1.5 acre cleared lot ready for your dream home.
      BARATARIA Boulevard lot: 6B, Marrero, LA 70072
      View Details
    • $2,700,000
      19,800 SF

      Marrero Retail Strip Center Investment

      Multi-tenant retail center on Barataria Blvd in Marrero, Louisiana.
      2201 Barataria Blvd, Marrero, LA 70072
      View Details
    • $2,092,000
      2,146 SF

      Marrero Drive-Thru Restaurant Investment

      NNN leased Dairy Queen with drive-thru in Marrero, LA.
      1636 Barataria Blvd, Marrero, LA
      View Details
    • $650,000

      Former Car Wash on Expressway

      0.67 acre property with car wash and tire shop.
      6246 Westbank Expy, Marrero, LA 70072
      View Details
    • $69,000

      Commercial Land on Barataria Blvd

      Large C1-zoned lot on busy Barataria Boulevard in Marrero.
      BARATARIA Boulevard lot: 31A, Marrero, LA 70072
      View Details
    • $150,000

      Marrero Commercial Land Opportunity

      Prime commercial land in Marrero, zoned C-1 for various ventures.
      Lot 1 Anderson Place, Marrero, LA 70072
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious lot ready for construction with utilities available.
    Where is this residential land & home lot located?
    The property is located at 1308 SILVER LILLY Lane lot 93 Marrero, LA.
    What is the asking price?
    The asking price for this property is $43,000.
    What are key features of this property?
    This property features: Ready for immediate development with utilities available.; X Flood Zone (low flood risk).; Spacious lot suitable for a custom‑designed residence.
    (504) 908-5037
    We can help!
    Listing Contact
    Wendy Walker
    Wendy Walker
    Real Estate License ID: 995694525
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!