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    1961 Barataria Blvd Marrero, LA 70072

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    For Lease
    Contact for pricing

    Grocery-anchored retail center; multiple spaces available.

    Lot size:
    179,803 SF

    Property Features for 1961 Barataria Blvd

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    179,803 SF
    Total Rate
    67426.13

    Building Details

    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 1961 Barataria Blvd, Marrero, LA 70072 Contact us
    Unit Suite 1985-C

    $13 /Mo

    Size
    1,680 SF
    Contact us
    Unit Suite 1989

    $12 /Mo

    Size
    3,500 SF
    Contact us
    Unit Suite 1961-B

    $4 /Mo

    Size
    7,874 SF
    Contact us
    Unit Suite 1971

    $7 /Mo

    Size
    27,205 SF
    Contact us
    Unit Suite 1981-A

    $13 /Mo

    Size
    2,480 SF
    Contact us
    Unit Suite 1985

    $15 /Mo

    Size
    1,172 SF
    Contact us
    Unit Suite 1985-B

    $13 /Mo

    Size
    1,600 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Carly Plotkin
    Carly Plotkin

    Listing Agency: Stirling Listing Agent: Carly Plotkin

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

    Learn more

    Overview

    Oak Ridge Plaza, a prime grocery-anchored retail center, presents a compelling investment opportunity in Marrero, Louisiana. Strategically located at the high-traffic intersection of Barataria Boulevard and Lapalco Boulevard, this property boasts a total of 179,803 square feet across a single, one-story building situated on a generous 12.77-acre lot. The center offers flexible space options, with a minimum divisible unit of 1,172 square feet and a maximum contiguous space of 27,205 square feet. Currently, 45,511 square feet are available for lease. Ample parking is provided with 900 spaces for customer and tenant convenience. The property is zoned C-1 and is situated within the Outer Jefferson Parish submarket of Jefferson Parish. This well-positioned retail center benefits from significant daily traffic flow, making it an ideal location for a variety of retail businesses. The property's size and layout offer considerable potential for expansion or redevelopment, catering to a range of business needs. With its established presence and prime location, Oak Ridge Plaza represents a strong investment opportunity in a thriving retail market. The cross street is Lapalco Blvd.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 Parish
    State
    Louisiana
    Longitude
    -90.0976908
    Latitude
    29.8744391

    Nearby Similar for Lease

    • $3,500 /Mo
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      Marrero Retail Opportunity For Rent

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      Retail Space on Lapalco Boulevard

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      2,592 SF

      Barataria Blvd Retail Space For Lease

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    • $17 SF/Yr
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      Marrero Executive Office Space

      Class A Office, High Visibility, Flexible Suites
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    • $11 SF/Yr
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      Lapalco Blvd Retail Space Available

      9,239 SF Office/Retail Space for Lease
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    • $30,000
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      Marrero Industrial Campus: 66 Acres

      Large industrial campus, multiple tenants, flexible space.
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    • $8 SF/Yr
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      Belle Promenade Shoppes For Lease

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    FAQs

    What type of property is this?
    Retail property - Grocery-anchored retail center; multiple spaces available.
    Where is this retail property located?
    The property is located at 1961 Barataria Blvd Marrero, LA.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: Grocery-anchored retail center in Marrero, LA.; Located at the highly trafficked intersection of Barataria Blvd and Lapalco Blvd.; 179,803 total square feet.
    (504) 200-5731 Call to check price and availability
    Request Owner's contact information
    1961 Barataria Blvd Marrero, LA 70072
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    Marrero, LA 70072
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    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
    1961 Barataria Blvd Marrero, LA 70072
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    Contact for Pricing
    Please call us for current price
    and status of this listing Carly Plotkin
    Carly Plotkin
    Real Estate License ID: 0995691437
    (504) 200-5731
    Learn more
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