Updated Flex
For Sale
$169,000
1110 Stumpf Boulevard A, Gretna, LA 70053
Adaptable interior supports retail, office, and service-based business uses.
Property Size700 SF
Price / SF$241.43
Days on Market14
Property Features for 1110 Stumpf Boulevard A
General Information
Standard status
Active
Size
700 SF
Building Details
Year Built
1970
Listing Agency:
LPT Realty, LLC.
(281) 920-1000
Listed By:
Silliman Hale · License #0718717
Source:
Dominionplace
Added: Aug 16
Changed: Aug 29
Last Checked: Aug 29 at 5:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC.
Investment Insights
Based on property information with market context.
This flex space offers an adaptable interior organized into two open areas, supporting retail, office, or service-based business operations. Recent improvements include a new HVAC system and updated electrical service, providing refreshed core building systems within the existing commercial layout.
The property is located at 1110 Stumpf Boulevard A in Gretna, Louisiana. Originally built in 1970, the space combines a flexible configuration with updated mechanical and electrical features for a range of commercial applications.
The property is located at 1110 Stumpf Boulevard A in Gretna, Louisiana. Originally built in 1970, the space combines a flexible configuration with updated mechanical and electrical features for a range of commercial applications.
Key Highlights
- New HVAC system
- Updated electrical service
- Two open areas within the flexible interior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$102,640
$102.6K
Cap Rate 7%
$73,314
$73.3K
Cap Rate 9%
$57,022
$57.0K
Market Conditions
NOI Build-Up for 700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$8.4K $12.00/SF
− Vacancy
−$504 −$0.72/SF
EGI
$7.9K $11.28/SF
− OpEx
−$2.8K −$3.95/SF
NOI
$5.1K $7.33/SF
Area
Jefferson County, LA
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$102,640
Cap Rate 7%
$73,314
Cap Rate 9%
$57,022
Alternative Uses
Best Use
Flex RnD
$73.3K
$64.2K – $85.5K
NOI $5,132 @ 7.0% cap · market cap 3.04%
Second Best
Industrial
$59.9K
$52.4K – $69.8K
NOI $4,190 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$184.7K
$161.6K – $215.5K
NOI $12,928 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,118
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70053, LA
16,509
Population
7,865
Households
2.1
Avg Household Size
39
Median Age
24%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
4,856
Density / Sq Mi
$43,786
Median Household Income
$31,667
Median Earnings
$1,017
Median Rent
$225,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- La Fiesta Restaurant — 1412 Stumpf Blvd, Gretna, LA 70053
- Murphy's Catering LLC — 1102 Stumpf Blvd, Gretna, LA 70053
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable interior supports retail, office, and service-based business uses.
Where is this flex space located?
The property is located at 1110 Stumpf Boulevard A Gretna, LA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: New HVAC system; Updated electrical service; Two open areas within the flexible interior
