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

    525 Whitney Avenue Gretna, LA 70056

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $875,000

    Cleared commercial land with C-2 zoning, ready to build.

    Type:Land
    Property size:
    1 SF
    Added:
    May 5, 2025
    Days on Market:
    346
    Last Refresh:
    Mar 13 at 8:32 am

    Property Features for 525 Whitney Avenue

    General Information

    Standard status
    Active
    Size
    1 SF
    Property subtype
    Land

    We can help!

    Listing Contact
    Philipp Hummel

    Listing agent Philipp Hummel License #995713131

    Listing office Compass

    Listing date May 5, 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 Compass

    Overview

    Commercial Land in Gretna

    This offering comprises prime commercial land situated in the 500 block of Whitney Avenue, near Oakwood Office Park. The property consists of three separate lots, zoned C-2, and is cleared and ready for construction. The zoning allows for various potential uses, including hotel, office, and medical facilities. The price includes an additional lot, Lot 7 (measuring 50x100), located on St. Michael Court, providing rear access to the property. The site offers many possibilities for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Gretna
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0415983
    Latitude
    29.9168784

    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
    • $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
    • $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
    • $390,000
      5,800 SF

      Gretna Fourplex Investment Opportunity

      Four-unit multifamily property in Gretna, ideal for investors.
      2904 North Monterey Court, 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
    • $55,000

      Land For Sale Gretna

      Land available for sale in Gretna, Louisiana.
      20 Mary Ann Place, Gretna, LA 70053
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared commercial land with C-2 zoning, ready to build.
    Where is this commercial land located?
    The property is located at 525 Whitney Avenue Gretna, LA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Prime commercial land location in the 500 block of Whitney, near Oakwood Office Park.; C‑2 zoning, **suitable for hotel, office, medical, and other commercial uses.**; Cleared and ready for construction.
    (504) 382-8582
    We can help!
    Listing Contact
    Philipp Hummel
    Real Estate License ID: 995713131
    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!