Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Ready for Development Title is generated by Realmo AI

    121-133 Holmes Boulevard, Gretna, LA 70056

    View on Map
    Claim this Listing
    For Sale
    $469,000

    Seven commercial lots in rapidly developing Terrytown.

    Type:Land
    Added:
    Sep 24, 2025
    Days on Market:
    252
    Last Refresh:
    Mar 13 at 6:01 pm

    Property Features for 121-133 Holmes Boulevard

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Blake Rose

    Listing agent Blake Rose License #995706121

    Listing office Berkshire Hathaway HomeServices Preferred, REALTOR

    Listing date Sep 24, 2025

    Source Compass

    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 Berkshire Hathaway HomeServices Preferred, REALTOR

    HighLights

    • 7 commercial lots in rapidly developing Oakwood Estates with high appreciation potential.
    • Build‑ready: Sanitary sewer taps, water taps, and stormwater drain connections are already installed.
    • Significant pre‑development investment: Over $175K in improvements already completed.
    • Located on recently repaved Holmes Boulevard, which includes bike lanes.
    • Zoned C‑1, suitable for a variety of commercial uses.
    • Lots are regraded to be at or above base flood elevation.

    Overview

    Seven vacant commercial lots are available for sale within the Oakwood Estates mixed-use development along Holmes Boulevard in Terrytown. Zoned C-1, the lots are build-ready and equipped with sanitary sewer taps, water taps, and stormwater drain connections. The lots have been regraded to bring the current elevation to or above base flood. These improvements represent an investment of over $175,000. The location is suitable for various businesses, including a bank, restaurant, retail shops, or offices. Holmes Boulevard has been repaved and now includes bike lanes. The area is experiencing rapid development, with 72 consecutive lots of commercial and residential real estate listed or sold along Holmes Boulevard in recent years. Property values are expected to increase over the next 2-3 years.
    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 Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0314228
    Latitude
    29.9187169

    Nearby Similar for Sale

    • $450,000
      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
    • $750,000
      4,151 SF

      New Gretna Fourplex Opportunity

      New construction fourplex in Gretna with immediate rental income.
      2900 N MONTEREY Court, Gretna, LA 70056
      View Details
    • $334,900
      1,829 SF

      Gretna Duplex: Investment Opportunity

      Charming Gretna duplex with strong investment or owner-occupant potential.
      735-37 HANCOCK Street, Gretna, LA 70053
      View Details
    • $130,000
      1,030 SF

      Gretna Duplex Investment Opportunity

      Charming Gretna duplex, ideal for investors or minimalist living.
      731 ROMAIN Street, Gretna, LA 70053
      View Details
    • $218,000
      1,700 SF

      Gretna Mixed-Use Property with Workshop

      Charming 3-bedroom home with business potential near Highway 90.
      1320 Friedrichs Street, Gretna, LA 70053
      View Details
    • $299,000

      Gretna Land on High-Traffic Corridor

      C-1 zoned lot with high visibility on Lafayette Street.
      820 LAFAYETTE Street lot: 6,7,8, Gretna, LA 70053
      View Details
    • $595,000
      3,554 SF

      Mixed-Use Property in Gretna, LA

      Mixed-use property with residential unit and commercial space.
      728 LAFAYETTE Street, Gretna, LA 70053
      View Details
    • $130,000

      Gretna Land with Development Potential

      Versatile double lot suitable for residential or commercial development.
      961 12TH Street lot: 9&10, 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
    • $425,000
      1,308 SF

      Historical Gretna Home with Charm

      Charming historical home in Gretna's historical section with parking.
      720 LAFAYETTE Street, Gretna, LA 70053
      View Details
    • $185,000

      Residential Lot Overlooking Golf Course

      Residential lot in Timberlane Estates Subdivision, overlooking Timberlane Golf Course.
      COLONY Road lot: 34, Gretna, LA 70056
      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

    FAQs

    What type of property is this?
    Commercial land - Seven commercial lots in rapidly developing Terrytown.
    Where is this commercial land located?
    The property is located at 121-133 Holmes Boulevard Gretna, LA.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: 7 commercial lots in rapidly developing Oakwood Estates with high appreciation potential.; **Build‑ready:** Sanitary sewer taps, water taps, and stormwater drain connections are already installed.; Significant pre‑development investment: Over $175K in improvements already completed.
    (504) 945-5522
    We can help!
    Listing Contact
    Blake Rose
    Real Estate License ID: 995706121
    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

    Thank You for Inquiry
    121-133 Holmes Boulevard, Gretna, LA 70056
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!