Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5212 Pelican Dr Marrero, LA 70072

    Sponsored
    For Sale
    $120,000

    Vacant Land - Marrero, LA

    Days on Market:
    23
    Last Refresh:
    Feb 3 at 7:06 am

    Property Features for 5212 Pelican Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mitchel Haydel

    HomeSmart Realty South (504) 908-5037

    Listing agent Mitchel Haydel (504) 908-7653

    Listing date Jan 12, 2026

    MLS# 2537945 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.

    Learn more

    Property Insight Report

    Overview

    Vacant Land in Marrero, LA

    This vacant land is located in Marrero, Louisiana, specifically at 5212 PELICAN Drive, with a postal code of 70072. Situated in Jefferson County, the property is designated as commercial land. The lot size is 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Skin Care Clinic Kitchen & Bath Showroom HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Marrero
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.1189
    Latitude
    29.8286

    Nearby Similar for Sale

    • $799,000
      1,615 SF

      Versatile Commercial Property with Live Oak

      Commercial property with development potential in high-traffic area.
      1308 Barataria Blvd, 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 St, Marrero, LA 70072
      View Details
    • $975,000
      1.15 Acres

      Marrero Commercial Property For Sale

      M-2 zoned commercial property with two buildings and rental income.
      2400 Barataria Blvd, Marrero, LA 70072
      View Details
    • $375,000
      4,128 SF

      Marrero Fourplex: Income Opportunity

      Income-producing fourplex in Marrero, LA, generating $3,700 per month.
      1128 Dimarco St, 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 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
    • $225,000
      6,100 SF

      Warehouse with Fenced Yard

      Cinderblock building suitable for warehouse use with fenced yard.
      5404 4Th St, Marrero, LA 70072
      View Details
    • $500,000
      123,274 SF

      Marrero Commercial Property for Sale

      Commercial property in Marrero, LA, offering 123,274 square feet.
      1991 Ames Blvd, Marrero, LA 70072
      View Details
    • $552,000
      3,000 SF

      West Bank Convenience Store Investment

      Established Business, Strong Lease, High Traffic
      6301 Acre Rd, Marrero, LA 70072
      View Details
    • $410,000
      4,811 SF

      Marrero Office Building for Sale

      Versatile Mixed-Use Office in Marrero, LA
      605 Barataria Blvd, Marrero, LA 70072
      View Details
    • $1,535,000
      9,469 SF

      Marrero Industrial Portfolio

      Prime Marrero industrial investment.
      141-153 Maxwell Ln, Marrero, LA 70072
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant commercial land available in Marrero, Louisiana.
    Where is this commercial land located?
    The property is located at 5212 Pelican Dr Marrero, LA.
    What is the asking price?
    The asking price for this property is $120,000.
    (504) 201-5245
    Request Owner's contact information
    5212 Pelican Dr Marrero, LA 70072
    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.
    5212 Pelican Dr
    Marrero, LA 70072
    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
    5212 Pelican Dr Marrero, LA 70072
    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

    We can help!
    Listing Contact
    Mitchel Haydel
    (504) 201-5245
    Learn more
    Google sign-in failed. Please try again or use another login method.