Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1961 Barataria Blvd Marrero, LA 70072

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail center with ample parking and convenient access.

    Type:Retail
    Added:
    Jul 29, 2024
    Days on Market:
    639
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1961 Barataria Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1961 Barataria Blvd Contact us

    Suite 1985 $15 /Mo

    Size
    1,172 SF
    Type
    Retail
    Contact us

    Suite 1981-A $13 /Mo

    Size
    2,480 SF
    Type
    Retail
    Contact us

    Suite 1989 $12 /Mo

    Size
    3,500 SF
    Type
    Retail
    Former Yogurt City space.
    Contact us

    Suite 1961-B $4 /Mo

    Size
    7,874 SF
    Type
    Retail
    Warehouse style suite with rear-access only.
    Contact us

    Suite 1981-CD $13 /Mo

    Size
    3,280 SF
    Type
    Retail
    Former America's Best eye clinic.
    Contact us

    Suite 1985-B $13 /Mo

    Size
    1,600 SF
    Type
    Retail
    Contact us
    Show more

    We can help!

    Listing Contact
    Carly Plotkin

    Listing agent Carly Plotkin License #LA 0995691437

    Listing office Stirling

    Listing date Jul 29, 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 Stirling

    Overview

    Grocery-Anchored Retail Center For Rent

    Oak Ridge Plaza Shopping Center is a retail center anchored by a grocery store, located at the intersection of Barataria and Lapalco Boulevards in Marrero, LA. Anchor tenants include Dollar Tree, Ochsner 65 Plus, Aaron’s, and Smoothie King, among others. The center offers ample parking, good visibility, and convenient access.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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.

    Similar Places Nearby

    • Woodmere Plaza — 2010 Woodmere Blvd, Harvey, LA 70058
    • Oak Ridge Plaza Shopping Center — 1981 barataria blvd, marrero, la 70072
    • Lapalco Village Shopping Center — 5901-5999 Lapalco Blvd, Marrero, LA 70072
    • Coinstar Kiosk | Bitcoin ATM — Wal-Mart, 4810 Lapalco Blvd, Marrero, LA 70072

    Location Insight

    • Map
    • Local Demand
    City
    Marrero
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0966962
    Latitude
    29.8739954

    Nearby Similar for Lease

    • $33 SF/Yr

      Retail Space on Lapalco Boulevard

      Retail space for lease with high visibility and traffic.
      4960 Lapalco Boulevard, Marrero, LA 70072
      View Details
    • $4,100/Mo

      Retail Space in Oakridge Center

      Retail space available for lease in Oakridge Shopping Center.
      1981 BARATARIA Boulevard C&D, Marrero, LA 70072
      View Details
    • Contact for pricing

      Free-standing Building with Drive-Thru

      13,225 SF building with drive-thru lane and ample parking.
      1950 Barataria Blvd, Marrero, LA 70072
      View Details
    • $1,200/Mo

      Retail Space with Open Area

      Retail space available for lease with pylon signage.
      2273 Barataria Boulevard, Marrero, LA
      View Details
    • $1,950/Mo

      Versatile Commercial Space on Barataria

      Adaptable commercial space suitable for retail, office, medical, or food.
      1706 Barataria Blvd, Marrero, LA, 70072-4202
      View Details
    • Contact for pricing

      Marrero Retail/Office Space Available

      Open floor plan, high traffic, ample parking in Marrero.
      5037 Lapalco Blvd, Marrero, LA 70072
      View Details
    • $36,000 SF/Yr

      Commercial Building with Renovated Interior

      Commercial building with easy access and good parking.
      403 Barataria Blvd, Marrero, LA 70072
      View Details
    • Contact for pricing

      Marrero Medical and Office Space

      Medical and office spaces available for rent in Marrero.
      4700 Wichers Dr, Marrero, LA 70072
      View Details
    • Contact for pricing

      Medical Office Space Available

      Highly visible medical office space for lease in Marrero, LA.
      1849 Barataria Blvd, Marrero, LA 70072
      View Details
    • Contact for pricing

      Industrial Building with Renovated Office

      Two-tenant industrial building with renovated office space and fenced yard.
      718 Barataria Blvd, Marrero, LA 70072
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center with ample parking and convenient access.
    Where is this shopping center located?
    The property is located at 1961 Barataria Blvd Marrero, LA.
    What are key features of this property?
    This property features: Grocery‑anchored retail center; Located at the intersection of two major boulevards (Barataria and Lapalco); Anchor tenants include Dollar Tree, Ochsner 65 Plus, Aaron’s, and Smoothie King
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carly Plotkin
    Real Estate License ID: LA 0995691437
    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!