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

    1020 Westbank Expy Westwego, LA 70094

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail space, 5 suites available.

    Lot size:
    98,674 SF

    Property Features for 1020 Westbank Expy

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    98,674 SF
    Total Rate
    41114.17

    Building Details

    Buildings
    3

    Spaces For Lease

    at 1020 Westbank Expy, Westwego, LA 70094 Contact us
    Unit 1028 Former State Farm Office

    $15 /Mo

    Size
    1,650 SF
    Contact us
    Unit 1074

    $5 /Mo

    Size
    19,188 SF
    Contact us
    Unit 1026 Hair Salon

    $14 /Mo

    Size
    1,320 SF
    Contact us
    Unit 1030 Former Shoe Store

    $12 /Mo

    Size
    3,450 SF
    Contact us
    Unit 1082

    $10 /Mo

    Size
    6,128 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Jon Cerruti
    Jon Cerruti

    Listing Agency: Jack Stumpf & Associates Inc Listing Agent: Jon Cerruti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Westwood Shopping Center, located at 1020 Westbank Expy, Westwego, LA 70094, offers a prime retail opportunity in Jefferson Parish. This well-maintained shopping center boasts a total of 98,674 square feet across three buildings, with five individual suites available for lease. Spaces range from a minimum of 1,320 square feet to a maximum contiguous space of 19,188 square feet, providing flexibility for various business needs. Currently, 31,790 square feet are vacant. The center enjoys a strong tenant mix, including Rent A Center, Pizza Hut, Tiffany Nails, Wego Nutrition, Jen Care, CSL Plasma, It’s Fashion Metro, a beauty supply store, Estralita’s Restaurant, Subway, Cricket Wireless, Armand’s Daiquiris, and Joe’s Café. The property benefits from its location on a major thoroughfare, with daily traffic counts ranging from 38,000 vehicles traveling westbound to 55,000 vehicles traveling eastbound. Ample parking is available for customers and tenants. The center's location near Tanglewood Drive provides excellent visibility and accessibility. Potential uses for the available space are diverse and include, but are not limited to, grocery stores, dental offices, dollar stores, hair salons, shoe stores, loan companies, tax offices, clothing stores, and employment agencies. This is an exceptional opportunity to establish or expand your business in a thriving retail environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering Cricket Wireless Authorized ... Mobile Phone Store Tastee Donuts Bakery Joe's Cafe & Donuts ... Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Westwego
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.141893980606
    Latitude
    29.897439496332

    Nearby Similar for Lease

    • $2,600 /Mo
      1,200 SF

      Westwego Restaurant with Outdoor Seating

      Licensed restaurant with container concept, outdoor seating, and ample parking.
      1101 Us Hwy 90 Hwy, Westwego, LA 70094
      View Details
    • $8 SF/Yr

      Former Grocery Store on Highway

      44,780 SF free-standing building on 5.44 AC for lease.
      3001 Highway 90 W, Westwego, LA 70094
      View Details
    • $15 SF/Yr
      3,837 SF

      Westwego Office Building - 3 Suites Available

      Prime Westwego Office Space, 3,837 SF Total
      1065 Muller Pkwy, Westwego, LA 70094
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, 5 suites available.
    Where is this retail property located?
    The property is located at 1020 Westbank Expy Westwego, LA.
    What is the lease rate?
    The lease rate is $5-$15 SF/Yr.
    (504) 366-6800 Call to check price and availability
    Request Owner's contact information
    1020 Westbank Expy Westwego, LA 70094
    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.
    1020 Westbank Expy
    Westwego, LA 70094
    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
    1020 Westbank Expy Westwego, LA 70094
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Cerruti
    Jon Cerruti
    Real Estate License ID: 50436
    (504) 366-6800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!