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

    4951 Promenade Blvd Marrero, LA 70072

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

    Two outparcels totaling 4.14 acres available for purchase.

    Type:Land
    Lot size:
    4.14 Acres
    Added:
    Oct 26, 2022
    Days on Market:
    1283
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 4951 Promenade Blvd

    General Information

    Standard status
    Active
    Lot size
    4.14 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Richard Weber

    Listing agent Richard Weber License #LA SALE.0000071088-ACT

    Listing office Corporate Realty

    Listing date Oct 26, 2022

    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 Corporate Realty

    Overview

    Commercial Outparcels Near Barataria Blvd

    Two outparcels, totaling 4.14 acres, are available for purchase. One parcel is 2.87 acres, and the other is 1.27 acres. The properties are located with close proximity to Barataria Blvd and are anchored by Lowe’s. The location is also near Walmart and multiple quick service restaurants. The outparcels can be purchased together or separately.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -90.0968812
    Latitude
    29.8792032

    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
    • $150,000

      Prime Commercial Land in Marrero

      Exceptional commercial opportunity in Marrero with C-1 zoning.
      ANDERSON Place lot: 1, Marrero, LA 70072
      View Details
    • $127,900

      Residential Land in Marrero, LA

      1.5 acre cleared lot ready for residential development.
      BARATARIA Boulevard lot: 6B, Marrero, LA 70072
      View Details
    • $500,000

      Marrero Land Ready to Build

      21.42 acres of vacant land suitable for subdivision development.
      DEUTSCH Road lot: 10-45, 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
    • $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
    • $69,000

      Commercial Land on Barataria Blvd

      Large C1-zoned lot on busy Barataria Boulevard in Marrero.
      BARATARIA Boulevard lot: 31A, Marrero, LA 70072
      View Details
    • $150,000

      Marrero Commercial Land Opportunity

      Prime commercial land in Marrero, zoned C-1 for various ventures.
      Lot 1 Anderson Place, Marrero, LA 70072
      View Details
    • $1.00
      7,500 SF

      Industrial Property on Taravella Road

      7,500 sqft industrial property in Marrero, Louisiana.
      5232 Taravella, 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

    FAQs

    What type of property is this?
    Commercial land - Two outparcels totaling 4.14 acres available for purchase.
    Where is this commercial land located?
    The property is located at 4951 Promenade Blvd Marrero, LA.
    What are key features of this property?
    This property features: Anchored by Lowe's; Close proximity to Barataria Blvd; Close to Walmart
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Richard Weber
    Real Estate License ID: LA SALE.0000071088-ACT
    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!