Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    141-153 Maxwell Ln, Marrero, LA 70072

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Industrial properties

    Type:Industrial
    Property size:
    9,469 SF
    Lot size:
    1.81 Acres
    Price / SF:
    $162/SF
    Added:
    Jul 2, 2024
    Days on Market:
    701
    Last Refresh:
    May 12 at 10:55 pm

    Property Features for 141-153 Maxwell Ln

    General Information

    Standard status
    Active
    Size
    9,469 SF
    Lot size
    1.81 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Reed Wiley, CCIM
    Reed Wiley, CCIM

    Listing agent Reed Wiley, CCIM License #LA BROK.995704349-ASA

    Listing office NAI Rampart

    Listing date Jul 2, 2024

    Source Crexi

    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 NAI Rampart

    HighLights

    • Prime industrial corridor location on River Road in Marrero, Louisiana.
    • Large lot size: ±1.81 Acres (78,732 SF) providing ample parking/lay‑down and development opportunity.
    • Existing improvements: Approximately 9,469 SF of building space.
    • M‑3 Industrial zoning suitable for a wide range of industrial activities.
    • Opportunity to acquire an existing shipbuilding and repair business.
    • Portfolio site with multiple addresses (141‑153 Maxwell Lane).
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    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
    -90.0991227
    Latitude
    29.9051161

    Nearby Similar for Sale

    • $975,000

      Marrero Commercial Property For Sale

      M-2 zoned commercial property with two buildings and rental income.
      2400 BARATARIA Boulevard, Marrero, LA 70072
      View Details
    • $335,000
      2,713 SF

      Marrero Triplex Investment Opportunity

      Triplex on corner lot with potential for rental income.
      530 URBANDALE Street, Marrero, LA 70072
      View Details
    • $315,000
      4,770 SF

      Spacious Daycare Facility in Marrero

      Well-positioned daycare facility with classrooms, kitchen, and playground.
      2712 AMIGO Street, Marrero, LA 70072
      View Details
    • $299,000
      2,000 SF

      Turnkey Duplex Investment

      Remodeled duplex with two move-in ready 3-bedroom units and updated systems for strong rental appeal.
      2032 JAMES Drive, Marrero, LA 70072
      View Details
    • $2,092,000
      2,146 SF

      Marrero Drive-Thru Restaurant Investment

      NNN leased Dairy Queen with drive-thru in Marrero, LA.
      1636 Barataria Blvd, Marrero, LA
      View Details
    • $650,000

      Former Car Wash on Expressway

      0.67 acre property with car wash and tire shop.
      6246 Westbank Expy, Marrero, LA 70072
      View Details
    • $2,700,000
      19,800 SF

      Marrero Retail Strip Center Investment

      Multi-tenant retail center on Barataria Blvd in Marrero, Louisiana.
      2201 Barataria Blvd, Marrero, LA 70072
      View Details
    • $175,000
      2,170 SF

      Multi-Unit Investment Property in Marrero

      Versatile multi-unit property with stable rental income in Marrero.
      7513-7517 CELESTINE Drive, Marrero, LA 70072
      View Details
    • $975,000
      15,906 SF

      Marrero Commercial/Light Industrial Property

      M-2 zoned property with two buildings and income potential.
      2400 BARATARIA Boulevard, Marrero, LA 70072
      View Details
    • $500,000
      123,274 SF

      Marrero Commercial Property for Sale

      Commercial property in Marrero, LA, offering 123,274 square feet.
      1991 Ames Blvd, Marrero, LA
      View Details
    • $1,090,145
      1,703 SF

      Retail Space on Lapalco Blvd

      Retail space for sale in Marrero, LA with long-term lease.
      6240 Lapalco Blvd, Marrero, LA 70072
      View Details
    • $225,000
      6,100 SF

      Warehouse with Fenced Yard

      Cinderblock building suitable for warehouse use with fenced yard.
      5404 4TH ST, Marrero, LA
      View Details

    FAQs

    Where is this industrial property located?
    The property is located at 141-153 Maxwell Ln Marrero, LA.
    What is the asking price?
    The asking price for this property is $1,535,000.
    What are key features of this property?
    This property features: Prime industrial corridor location on River Road in Marrero, Louisiana.; Large lot size: **±1.81 Acres (78,732 SF) providing ample parking/lay‑down and development opportunity.**; Existing improvements: Approximately 9,469 SF of building space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Reed Wiley, CCIM
    Reed Wiley, CCIM
    Real Estate License ID: LA BROK.995704349-ASA
    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
    141-153 Maxwell Ln, Marrero, LA 70072
    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!