Add Listing
    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

    961 12TH Street lot 9&10 Gretna, LA 70053

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $130,000

    LAND - Gretna, LA

    Lot size:
    0.17 Acres
    Added:
    Nov 12, 2025
    Days on Market:
    151
    Last Refresh:
    Apr 12 at 10:06 am

    Property Features for 961 12TH Street lot 9&10

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C-1
    Standard status
    Active
    APN
    0100003946
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 9 & 10 SQ 31 9962657 9962658 NEW MECHANICKHAM 1033/788 9962656

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Brittney Ratliff

    Listing agent Brittney Ratliff

    Listing office Gulf South Pinnacle Group 3500 N Causeway Blvd, Ste 1401, Metairie, LA

    Listing date Nov 12, 2025

    MLS# 2530536

    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

    Gretna Land with Development Potential

    This double lot, measuring 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 land is located in Gretna, Louisiana, within Jefferson Parish. The zoning is C-1. The lot size is approximately 0.17 acres. This property invites vision and creativity for development in a growing area.
    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
    -90.06179
    Latitude
    29.908356

    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 Street, Gretna, LA 70053
      View Details
    • $595,000
      3,554 SF

      Gretna Mixed-Use Commercial Building

      Mixed-use building in Gretna with residential unit and parking.
      728 LAFAYETTE Street, Gretna, LA 70053
      View Details
    • $299,000

      Prime Vacant Lot in Gretna

      Vacant lot in historic Gretna, ready for development.
      828 2ND Street lot: 1, Gretna, LA 70053
      View Details
    • $59,900

      Gretna, LA Vacant Land

      Oversized vacant lot ready for new home or investment property.
      725 CARRICOX Street, Gretna, LA 70053
      View Details
    • $75,000

      Residential Land in Gretna, LA

      Two lots totaling 15,800 sqft in established neighborhood.
      ROUYER Street lot: 5+6, Gretna, LA 70056
      View Details
    • $75,900

      Gretna Vacant Land Opportunity

      Vacant lot in Gretna to build your own home.
      18 MARY ANN Place lot: 9, Gretna, LA 70053
      View Details
    • $59,900

      Gretna Land For Sale

      Land in Gretna, convenient to schools and shopping.
      2608 HERO Drive lot: 9, Gretna, LA 70053
      View Details
    • $42,500

      Established Lot in Gretna

      Established lot in Gretna neighborhood, convenient location.
      1615 O'CONNOR Street lot: 26, 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 Expressway, Gretna, LA
      View Details

    FAQs

    What type of property is this?
    Commercial land - Versatile double lot suitable for residential or commercial development.
    Where is this commercial land located?
    The property is located at 961 12TH Street lot 9&10 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.; Convenient location.
    (504) 638-6742
    We can help!
    Listing Contact
    Brittney Ratliff
    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!