1809 Lafayette St, Gretna, LA 70053

Listing Agency: KELLER WILLIAMS REALTY 455-0100 l***@kw.com Show Phone

Listed By: Noah Thomas · License LA #995715515 Show Phone

Source: Exprealty

Added: Aug 13 Changed: Oct 28 Last Checked: Nov 12 at 10:43AM

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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 KELLER WILLIAMS REALTY 455-0100

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This flex-space property combines warehouse capacity with a separate office and garage area. A long driveway extends to the rear building, providing access for vehicles, equipment, and staging. The layout includes dedicated work and storage areas within a practical commercial setting.

The property is located at 1809 Lafayette St in Gretna, Louisiana, along a street described as carrying heavy daily traffic. Its previous use as an auto repair shop supports the existing work-oriented configuration, while the combination of office, garage, warehouse, and driveway areas provides adaptable space for commercial operations.

Key Highlights

• Warehouse, office, and garage areas in one property
• Long driveway provides access to the rear building
• Space for vehicles, equipment, and staging

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,401

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,020 $228.0K

Cap Rate 7%

$162,871 $162.9K

Cap Rate 9%

$126,678 $126.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,905 SF

Gross rent

$17.1K $9.00/SF

− Vacancy

−$857 −$0.45/SF

EGI

$16.3K $8.55/SF

− OpEx

−$4.9K −$2.56/SF

NOI

$11.4K $5.98/SF

Area

Jefferson County, LA

Vacancy

5.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,020

Cap Rate 7%

$162,871

Cap Rate 9%

$126,678

Alternative Uses

Best Use

Office B

$377.6K

$330.4K – $440.5K (±1% cap)

NOI $26,431 @ 7.0% cap

Second Best

Flex RnD

$249.4K

$218.2K – $291.0K (±1% cap)

NOI $17,459 @ 7.0% cap

Theoretical Best

Office A

$502.6K

$439.8K – $586.4K (±1% cap)

NOI $35,182 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

M & T Used ... Auto Parts Store Leeway Discount Tire ... Auto Repair Shop

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Nursing Home Butcher Wine and Liquor Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,231

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70053, LA

16,509

Population

7,865

Households

2.1

Avg Household Size

39

Median Age

24%

College-Educated

75%

High-School Grad

3.4 sq mi

ZIP Area

4,856

Density / Sq Mi

$43,786

Median Household Income

$31,667

Median Earnings

$1,017

Median Rent

$225,700

Median Home Value

Market

Average Price Trend$/SF for Flex space in Jefferson County, LA

$138 Jul

$120 Aug

$137 Sep

$140 Oct

Properties on Market for Flex space in Jefferson County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Warehouse and separate office areas support work, storage, equipment, and vehicle staging.

Where is this flex space located?

The property is located at 1809 Lafayette St Gretna, LA.

What are key features of this property?

This property features: Warehouse, office, and garage areas in one property; Long driveway provides access to the rear building; Space for vehicles, equipment, and staging