Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Overlooking Golf Course Title is generated by Realmo AI

    34 COLONY Road lot 34, Gretna, LA 70056

    View on Map
    Claim this Listing
    For Sale
    $185,000

    LAND - Gretna, LA

    Lot size:
    0.73 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    11
    Last Refresh:
    May 10 at 7:06 pm

    Property Features for 34 COLONY Road lot 34

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    res
    Standard status
    Active
    APN
    0200005972
    Lot size
    0.73 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 34A & 34B & 35A & 35B SQ 3 TIMBERLANE EST & COUNTRY CLUB MAP# 7175 & MAP 12429

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Fadra Ussery

    Listing agent Fadra Ussery License #995700791

    Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA

    Listing date Apr 30, 2026

    MLS# 2555853 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Last residential lot available on Colony Road.
    • Overlooks Timberlane Golf Course.
    • Located in prestigious Timberlane Estates Subdivision.
    • Surrounded by million‑dollar homes.
    • Quiet and secure limited‑access community.
    • Perfect location to build a dream home.

    Overview

    This residential lot is the last available on Colony Road, situated in the Timberlane Estates Subdivision. The 0.7258-acre lot overlooks the Timberlane Golf Course. Located within a quiet, secure, limited-access community, the property is surrounded by high-value homes, offering an ideal setting for building a custom residence. Intended use of the property is residential. All measurements are approximate, and the purchaser is responsible for verifying zoning, building restrictions, and neighborhood association guidelines.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.040507
    Latitude
    29.888879

    Nearby Similar for Sale

    • $475,000
      4,822 SF

      Gretna Medical Office Building

      Well-maintained medical office building in Old Gretna for sale.
      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
      1,030 SF

      Gretna Duplex Investment Opportunity

      Charming Gretna duplex, ideal for investors or minimalist living.
      731 ROMAIN Street, Gretna, LA 70053
      View Details
    • $218,000
      1,700 SF

      Gretna Mixed-Use Property with Workshop

      Charming 3-bedroom home with business potential near Highway 90.
      1320 Friedrichs Street, Gretna, LA 70053
      View Details
    • $299,000

      Gretna Land on High-Traffic Corridor

      C-1 zoned lot with high visibility on Lafayette Street.
      820 LAFAYETTE Street lot: 6,7,8, 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
    • $334,900
      1,829 SF

      Gretna Duplex: Investment Opportunity

      Charming Gretna duplex with strong investment or owner-occupant potential.
      735-37 HANCOCK 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
    • $469,000

      Commercial Land Ready for Development

      Seven commercial lots in rapidly developing Terrytown.
      121-133 Holmes Boulevard, Gretna, LA 70056
      View Details
    • $365,000
      2,062 SF

      Gretna Duplex For Sale

      Desirable duplex in Gretna, great for investors or owner-occupants.
      1204-1206 23rd Street, Gretna, LA 70053
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Timberlane Estates Subdivision, overlooking Timberlane Golf Course.
    Where is this residential land & home lot located?
    The property is located at 34 COLONY Road lot 34 Gretna, LA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Last residential lot available on Colony Road.; Overlooks Timberlane Golf Course.; Located in prestigious Timberlane Estates Subdivision.
    (504) 908-5037
    We can help!
    Listing Contact
    Fadra Ussery
    Real Estate License ID: 995700791
    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
    34 COLONY Road lot: 34, Gretna, LA 70056
    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!