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

    509 PERE MARQUETTE Court Laplace, LA 70068

    View on Map
    For Sale
    $79,000

    Vacant Land - La Place, LA

    Added:
    Nov 26, 2025
    Days on Market:
    127
    Last Refresh:
    Apr 2 at 8:06 pm

    Property Features for 509 PERE MARQUETTE Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active

    Taxes and HOA fees

    Expense value
    125
    Expense
    Home Owner Assessments Fee

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kristine Smith

    Listing agent Kristine Smith

    Listing office Christian Shane Properties 2125 Saint Charles Ave, New Orleans, LA

    Listing date Nov 26, 2025

    MLS# 2532527 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

    Waterfront Land in La Place

    This vacant land is located in River Oaks Belle Terre Estates in La Place, LA. The property is waterfront, offering the potential for sunset views. It is zoned for residential use and presents an opportunity to build a custom home. The lot size is 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Laplace
    County
    St. John the Baptist
    State
    Louisiana
    Longitude
    -90.4776481
    Latitude
    30.0947705

    Nearby Similar for Sale

    • $650,000

      La Place Commercial Building

      Commercial building with offices, warehouse, and convenient location.
      1032 BERT Street, La Place, LA 70068
      View Details
    • $625,000

      La Place Commercial Land For Sale

      Vacant commercial land in high-traffic area on Airline Highway.
      Lot P-2 AIRLINE Highway, La Place, LA 70068
      View Details
    • $240,000

      La Place Warehouse Office Combination

      Warehouse office combination in La Place Business Park.
      1026 BERT Street, La Place, LA 70068
      View Details
    • $275,000

      La Place Commercial Property

      Commercial property with air-conditioned warehouse, office, and covered areas.
      1208 BERT Street, La Place, LA 70068
      View Details
    • $400,000
      4,720 SF

      Renovated Laplace Fourplex For Sale

      Well-maintained fourplex with renovated units, ideal for rental portfolio expansion.
      725 Woodland Dr, Laplace, LA 70068
      View Details
    • $18,000

      Undeveloped Lots in La Place

      Two adjacent undeveloped lots in La Place, Louisiana.
      MAGNOLIA Avenue, La Place, LA 70068
      View Details
    • $990,000

      Commercial Office Building For Sale

      Commercial office building with 1,424 SF of interior office space.
      669 Belle Terre Boulevard, LaPlace, LA 70068
      View Details
    • $499,000

      LaPlace Development Opportunity

      Prime 5.83-acre land parcel in LaPlace, Louisiana.
      1280 Tiffany Dr, LaPlace, LA 70068
      View Details
    • $250,000

      Prime Commercial Lot in LaPlace

      1.68-acre commercial lot with high visibility and development potential.
      1.68 AC I-55 Highway, La Place, LA 70068
      View Details
    • $10,500,000
      49 SF

      Prime Commercial Land Opportunity

      49.25 acres of entitled commercial land near I-10.
      Interstate 10 & Belle Terre Blvd, LaPlace, LA 70068
      View Details
    • $1,100,000
      21,600 SF

      Industrial Building with Laydown Yard

      Industrial building with laydown yard near the Mississippi River.
      LaPlace, LA 70068
      View Details
    • $299,000
      5,038 SF

      Flex Property with Office/Warehouse Space

      Flex property featuring office and warehouse space on 0.69 acres.
      116 Newspaper Dr, LaPlace, LA 70068
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Stunning waterfront property to build your dream home.
    Where is this waterfront land located?
    The property is located at 509 PERE MARQUETTE Court Laplace, LA.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: Waterfront property; Located in River Oaks Belle Terre Estates; Opportunity to build a custom dream home
    (504) 913-3399
    We can help!
    Listing Contact
    Kristine Smith
    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!