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

    961 12Th St Gretna, LA 70053

    Sponsored
    For Sale
    $130,000

    Vacant Land - Gretna, LA

    Lot size:
    0.17 Acres
    Days on Market:
    20
    Last Refresh:
    Feb 28 at 12:06 pm

    Property Features for 961 12Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-1
    Lot size
    0.17 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brittney Ratliff

    Gulf South Pinnacle Group (504) 638-6742

    Listing agent Brittney Ratliff (504) 638-6742

    Listing date Feb 9, 2026

    MLS# 2530536 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

    Versatile Double Lot in Gretna

    This vacant double lot, approximately 60x120 ft, offers both residential and commercial possibilities. The property is mostly cleared, providing a foundation for various projects, including building a home, starting a business, or developing investment property. The property is located in Gretna, LA. The lot size is approximately 0.17 acres. The zoning is C-1. Interested parties are encouraged to verify all property details, zoning, allowable uses, and permits with the appropriate local authorities during due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.062303
    Latitude
    29.907976

    Nearby Similar for Sale

    • $475,000
      4,822 SF

      Gretna Medical Office Building

      Well-maintained medical office in Old Gretna with income potential.
      1125 Newton St, Gretna, LA 70053
      View Details
    • $395,000
      1,988 SF

      Versatile Commercial Property in Gretna

      Updated commercial property in historic Gretna with flexible layout.
      922 Lafayette St, Gretna, LA 70053
      View Details
    • $635,000
      3,554 SF

      Gretna Mixed-Use Property For Sale

      Mixed-use property in Gretna with residential unit and commercial space.
      728 Lafayette St, Gretna, LA 70053
      View Details
    • $395,000
      1,988 SF

      Versatile Commercial Property in Gretna

      Updated commercial property in historic Gretna with flexible layout.
      920 Lafayette St, Gretna, LA 70053
      View Details
    • Contact for pricing
      2,382 SF

      Dairy Queen Investment Opportunity

      Franchisee-guaranteed Dairy Queen lease with over 14 years remaining.
      78 Westbank Expy, Gretna, LA 70053
      View Details
    • $450,000
      5,000 SF

      Terrytown Commercial Building Investment

      High-traffic location, three suites, great potential.
      2310 Park Place Dr, Terrytown, LA 70056
      View Details
    • $475,000
      6,548 SF

      Gretna Expressway Commercial Building

      High-Visibility Commercial Space, 6,548 sq ft
      59 Westbank Expy, Gretna, LA 70053
      View Details
    • Contact for pricing
      400 SF

      Gretna Salon Suite Opportunity

      Turnkey Salon Suites Available Now
      2785 Belle Chasse Hwy, Gretna, LA 70056
      View Details
    • $175,000
      3,711 SF

      Gretna Commercial Building - Prime Location

      3,711 sq ft Commercial Space - $175K
      2112 Pratt St, Gretna, LA 70053
      View Details
    • $210,000
      2,650 SF

      Gretna Commercial Space: Prime Location

      Versatile 2,650 sq ft Commercial Building
      2110 Pratt St, Gretna, LA 70053
      View Details
    • $1,500,000
      30 SF

      Gretna Commercial Building - Huge Potential

      Ready-to-build, prime Gretna location.
      1104 Terry Pkwy, Gretna, LA 70056
      View Details
    • $1,475,000
      37,500 SF

      Gretna Commercial Property Investment

      High-Traffic Retail & Residential Complex
      1600 Lafayette St, Gretna, LA 70053
      View Details

    FAQs

    What type of property is this?
    Commercial land - Double lot with residential and commercial potential in Gretna.
    Where is this commercial land located?
    The property is located at 961 12Th St Gretna, LA.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: - Versatile double lot (approx. 60x120 ft) offering residential and commercial possibilities.; - Mostly cleared land, providing a clean slate for development.; - Potential for building a home, starting a business, or developing investment property.
    (504) 371-2190
    Request Owner's contact information
    961 12Th St Gretna, LA 70053
    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.
    961 12Th St
    Gretna, LA 70053
    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
    961 12Th St Gretna, LA 70053
    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
    Brittney Ratliff
    (504) 371-2190 (504) 638-6742
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!