Add Listing
    For Lease
    • 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

    4960 Lapalco Blvd Marrero, LA 70072

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $33 SF/Yr

    Retail space for lease with high visibility and traffic.

    We can help!

    Listing Contact
    Chuck Pennewell
    Source: Naiglobal

    Listing Agent: Chuck Pennewell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space on Lapalco Boulevard

    Available for lease is a retail space encompassing approximately 1,400 square feet. The property benefits from a highly visible location with substantial traffic flow. Situated on a corner at the intersection of Lapalco Boulevard and Barataria Boulevard, the retail space is positioned adjacent to Aspen Dental and Kay Jewelers. The building features an attractive design and provides ample parking. The floor plan is suitable for various types of retailers. Nearby retailers include Walmart Supercenter, The Home Depot, and Lowe’s Home Improvement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mattress Firm Marrero Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Marrero
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.101931
    Latitude
    29.87522

    Nearby Similar for Lease

    • $3,500 /Mo
      1,615 SF

      Marrero Retail Opportunity For Rent

      Retail space for rent in high-traffic Marrero location.
      1308 Barataria Blvd, Marrero, LA 70072
      View Details
    • Contact for pricing

      Free-standing Building with Drive-Thru

      13,225 SF building with drive-thru lane and ample parking.
      1950 Barataria Blvd, Marrero, LA 70072
      View Details
    • $4 SF/Yr
      179,803 SF

      Oak Ridge Plaza: Marrero Retail Space

      Grocery-anchored retail center; multiple spaces available.
      1961 Barataria Blvd, Marrero, LA 70072
      View Details
    • $1,200 /Mo
      800 SF

      Retail Space with Open Area

      Retail space available for lease with pylon signage.
      2273 Barataria Blvd, Marrero, LA 70072
      View Details
    • $17 SF/Yr
      14,746 SF

      Marrero Executive Office Space

      Class A Office, High Visibility, Flexible Suites
      1849 Barataria Blvd, Marrero, LA 70072
      View Details
    • $11 SF/Yr
      9,239 SF

      Lapalco Blvd Retail Space Available

      9,239 SF Office/Retail Space for Lease
      5037 Lapalco Blvd, Marrero, LA 70072
      View Details
    • $1,950 /Mo

      Versatile Commercial Space on Barataria

      Adaptable commercial space suitable for retail, office, medical, or food.
      1706 Barataria Blvd, Marrero, LA 70072
      View Details
    • Contact for pricing
      2,592 SF

      Barataria Blvd Retail Space For Lease

      Large Retail Building, High Visibility, Ample Parking
      403 Barataria Blvd, Marrero, LA 70072
      View Details
    • $30,000
      330,000 SF

      Marrero Industrial Campus: 66 Acres

      Large industrial campus, multiple tenants, flexible space.
      7500 4Th St, Marrero, LA 70072
      View Details
    • $8 SF/Yr
      39,700 SF

      Belle Promenade Shoppes For Lease

      Marrero Retail Space: 12,000 SF Available
      1700 Promenade Blvd, Marrero, LA 70058
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease with high visibility and traffic.
    Where is this retail space located?
    The property is located at 4960 Lapalco Blvd Marrero, LA.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible corner location at the intersection of Lapalco Boulevard and Barataria Boulevard with excellent traffic counts.; - Adjacent to Aspen Dental and Kay Jewelers.; - **±1,400 SF retail space suitable for any type of retailer.**
    (913) 645-7391
    Request Owner's contact information
    4960 Lapalco Blvd 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.
    4960 Lapalco Blvd
    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
    4960 Lapalco Blvd 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
    Chuck Pennewell
    Real Estate License ID: #995702343
    (913) 645-7391 (504) 569-9312
    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!