Live-Work Office Building with
1308 BARATARIA Boulevard Marrero, LA 70072
1308 BARATARIA Boulevard, Marrero, LA, 70072
$799,000
For Sale
$799,000
Detached garage and a main structure in a high-traffic area, zoned GO2 General Office District.
Property Size1,615 SF
Lot Size0.56 Acres
Price / SF$494.74
Days on Market428
Property Features for 1308 BARATARIA Boulevard
General Information
- Standard status
- Active
- Size
- 1,615 SF
- Lot size
- 0.56 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1900
Listing agency
Homesmart Realty South
(504) 941-1570
Listed by
Joanna Daunie · License #995688211
(504) 941-1570
Source
Exitrealty
Added: May 21, 2025 Updated: Jul 21 at 4:28PM Checked: Jul 21 at 4:28PM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This live-work style property includes a primary structure totaling 1,877 square feet and a detached garage, positioned on a lot described as offering ample green space and abundant parking. The grounds are also noted for a large registered Live Oak providing canopy coverage over the property.
The building is situated in a high-traffic area and is surrounded by a mix of newer businesses. The property’s zoning is GO2 General Office District, which the listing states supports a range of non-residential uses.
The offering combines residential character with office-district flexibility, with the garage and parking area contributing practical utility for future business use under the stated zoning designation.
The building is situated in a high-traffic area and is surrounded by a mix of newer businesses. The property’s zoning is GO2 General Office District, which the listing states supports a range of non-residential uses.
The offering combines residential character with office-district flexibility, with the garage and parking area contributing practical utility for future business use under the stated zoning designation.
Key Highlights
- 1900‑built home with 1,877 SF main structure and a detached garage
- GO2 General Office District zoning allowing a variety of non‑residential uses, including banks, beauty shops, medical/dental, and government buildings
- High‑traffic area surrounded by new businesses
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $22.56 |
| − Vacancy | −$6.6k | −$4.06 |
| EGI | $29.9k | $18.50 |
| − OpEx | −$7.5k | −$4.62 |
| NOI | $22.4k | $13.87 |
1,615 SF · lease $22.56/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$320.1K
$280.1K – $373.5K
NOI $22,407 @ 7.0% cap · market cap 2.80%
Second Best
Mixed Use
$304.5K
$266.5K – $355.3K
NOI $21,318 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$426.1K
$372.8K – $497.1K
NOI $29,826 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Detached garage and a main structure in a high-traffic area, zoned GO2 General Office District.
Where is this live-work space located?
The property is located at 1308 BARATARIA Boulevard Marrero, LA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1900‑built home with 1,877 SF main structure and a detached garage; GO2 General Office District zoning allowing a variety of non‑residential uses, including banks, beauty shops, medical/dental, and government buildings; High‑traffic area surrounded by new businesses
