Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    401 Whitney Ave Terrytown, LA 70056

    • Office Properties & Spaces
    • 132,550 SF
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Edward Jones - Financial Advisor: Maurice H Carr, CFP®|AAMS® / Financial Advisor
    • Talon Fabrication LLC / Factory / Production Facility
    • Schantz Engineering / Construction Company
    • Sun Mortgage Funding / Loan Service / Bank
    • Kennedy Lewis Renton & Associates / Insurance Agency

    Property Details for 401 Whitney Ave

    Property size
    132,550 SF
    Property type
    Office Properties & Spaces

    Description

    Oakwood Corporate Center presents a unique opportunity for businesses seeking premium office space in Gretna, Louisiana. This Class A office building, located on Whitney Avenue, boasts 132,550 square feet of total space and offers multiple tenancy options. Currently, there are several suites available, ranging from a minimum of 235 square feet to a maximum contiguous space of 11,486 square feet, with a total of 49,169 square feet currently vacant. The building features ample free parking, on-site security, and a convenient snack shop, enhancing the tenant experience. Its prime location provides quick access to the Westbank Expressway and is just minutes away from New Orleans' Central Business District, offering easy commutes and convenient access to a wide array of amenities. Nearby, you'll find numerous restaurants, hotels, and shopping options. Recent capital improvements have modernized the building, including renovations to the lobby, common corridors, and restrooms, ensuring a contemporary and professional environment. Full-service lease rates range from $19.50 to $20.50 per square foot annually. This is an exceptional opportunity to secure high-quality office space in a thriving location. Contact us today to learn more about available suites and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Terrytown
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.0418
    Latitude
    29.9194

    Comparable in this City

    • Value Estimation by Request
      1.49 Acres

      625 Lapalco Blvd

      Land • 64,761 SF
      625 Lapalco Blvd, Gretna, LA 70056
      View Details
    • Value Estimation by Request
      34,950 SF

      671 Whitney Ave

      Office Properties & Spaces • 34,950 SF
      671 Whitney Ave, Gretna, LA 70056
      View Details
    • Value Estimation by Request
      132,550 SF

      Oakwood Corporate Ctr

      Office Properties & Spaces • 132,550 SF
      0 Oakwood Corporate Ctr, Terrytown, LA 70056
      View Details
    • Value Estimation by Request
      22,112 SF

      175 Hector Ave

      Power centers • 22,112 SF
      175 Hector Ave, Terrytown, LA 70056
      View Details
    • Value Estimation by Request
      2.33 Acres

      977 Behrman Hwy

      Land • 2.33 Acres
      977 Behrman Hwy, Terrytown, LA 70056
      View Details
    • Value Estimation by Request

      Wall Blvd & Harvey Blvd

      Land
      0 Wall Blvd & Harvey Blvd, Gretna, LA 70056
      View Details

    Similar Nearby for Sale

    • $715,000

      Mixed-Use Site Adjacent to Oakwood Center

      Land
      124 Constanza Dr, Terrytown, LA 70056
      View Details
    • $75,000
      0.18 Acres

      Residential Land in Gretna, LA

      Two lots totaling 15,800 sqft in established neighborhood.
      Rouyer St, Gretna, LA 70056
      View Details
    • $450,000
      5,000 SF

      Terrytown Commercial Building Investment

      High-traffic location, three suites, great potential.
      2310 Park Place Dr, Terrytown, LA 70056
      View Details
    • Contact for pricing

      Cypress Park Townhouse Condo

      Terrytown townhouse condo with community pool and convenient location.
      225 Wright Ave #225, Terrytown, LA 70056
      View Details
    • $1,500,000
      30 SF

      Gretna Commercial Building - Huge Potential

      Ready-to-build, prime Gretna location.
      1104 Terry Pkwy, Gretna, LA 70056
      View Details
    • $990,000
      2.33 Acres

      Terrytown Commercial Land - 2.33 Acres

      Prime Terrytown commercial land, ideal for mixed-use development.
      977 Behrman Hwy, Terrytown, LA 70056
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      132,550 SF

      Oakwood Corporate Center: Gretna Office Suites

      Class A Gretna office space, ample parking, great amenities.
      0 Oakwood Corporate Ctr, Terrytown, LA 70056
      View Details
    • $19 SF/Yr
      132,550 SF

      Oakwood Corporate Center: Gretna, LA

      Class A Office Suites, Gretna, LA. Prime Westbank location.
      401 Whitney Ave, Terrytown, LA 70056
      View Details
    • $9 SF/Yr
      108,230 SF

      Bellemeade Plaza Retail Center

      Gretna, LA Retail Space Available
      605 Lapalco Blvd, Gretna, LA 70056
      View Details
    • Contact for pricing
      800 SF

      Gretna Apartment for Rent

      One bedroom, one bath apartment with recent updates available for rent.
      1013 Whitney Ave, Gretna, LA 70056
      View Details
    • $1,800 /Mo
      1,600 SF

      Westbank Retail Space Available

      Retail space in a quaint Westbank shopping center.
      109 Wall Blvd, Gretna, LA 70056
      View Details
    • $19 SF/Yr
      132,550 SF

      Gretna Retail Center: Prime Location

      15 Suites Available, 235-11,486 SF
      401 Whitney Ave, Terrytown, LA 70056
      View Details
    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.
    401 Whitney Ave
    Terrytown, LA 70056
    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.