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    17 Gretna Blvd Gretna, LA 70053
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    Property profile & analytics

    17 Gretna Blvd Gretna, LA 70053

    View on Map
    • Commercial real estate
    • 5.50 lot acres
    Off-Market
    Property ID
    US36-0316214
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 17 Gretna Blvd

    Lot size
    5.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.5-acre commercial land parcel presents a unique redevelopment opportunity in the thriving city of Gretna, Louisiana. Located at 17 Gretna Blvd, this former school site boasts a highly desirable location at the intersection of Gretna and Stumpf Boulevards, offering excellent visibility and accessibility. The property is conveniently situated adjacent to the Garden Park neighborhood and near a Home Depot, ensuring high traffic and convenient access for potential businesses. Currently vacant, the land is zoned R-1 (Single Family Residential District), providing flexibility for various development projects. The lot encompasses 239,507 square feet and features significant frontage: 505.84 feet on the west side of Gretna Boulevard, 397.20 feet in the rear, 774.60 feet on the north side (New England Court), and 461.38 feet on the south side (Smith Way). The asking price is $780,000, translating to $141,818 per acre. This prime location, combined with the substantial lot size and flexible zoning, makes this property an ideal investment for developers seeking a high-impact project in a rapidly growing area. Detailed sale procedures are available upon request. This is a rare chance to acquire a significant parcel of land in a strategic location within Jefferson Parish.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gretna
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.0458535
    Latitude
    29.9108876

    Comparable in this City

    • New
      $90,000
      0.08 Acres

      Gretna Build-Ready Lot For Sale

      Cleared +/-3,840 sq. ft. lot ready for immediate construction.
      609 Rupp St, Gretna, LA 70053
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    • $299,000

      Prime Vacant Lot in Gretna

      Vacant lot in historic Gretna, ready for development.
      828 2Nd St, Gretna, LA 70053
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    • $104,900

      Land For Sale Gretna

      Land available in Gretna, Louisiana.
      908 Gulf Dr, Gretna, LA 70053
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    • New
      $299,000
      0.27 Acres

      Gretna Land on High-Traffic Corridor

      C-1 zoned lot with high visibility on Lafayette Street.
      820 8Th St, Gretna, LA 70053
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    • $130,000
      0.17 Acres

      Gretna Land with Development Potential

      Versatile double lot suitable for residential or commercial development.
      961 12Th St, Gretna, LA 70053
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    • $75,900

      Gretna Vacant Land Opportunity

      Vacant lot in Gretna to build your own home.
      18 Mary Ann Pl, Gretna, LA 70053
      View Details

    Similar Nearby for Sale

    • New
      $90,000
      0.08 Acres

      Gretna Build-Ready Lot For Sale

      Cleared +/-3,840 sq. ft. lot ready for immediate construction.
      609 Rupp St, Gretna, LA 70053
      View Details
    • $299,000

      Prime Vacant Lot in Gretna

      Vacant lot in historic Gretna, ready for development.
      828 2Nd St, Gretna, LA 70053
      View Details
    • $104,900

      Land For Sale Gretna

      Land available in Gretna, Louisiana.
      908 Gulf Dr, Gretna, LA 70053
      View Details
    • New
      $299,000
      0.27 Acres

      Gretna Land on High-Traffic Corridor

      C-1 zoned lot with high visibility on Lafayette Street.
      820 8Th St, Gretna, LA 70053
      View Details
    • $75,900

      Gretna Vacant Land Opportunity

      Vacant lot in Gretna to build your own home.
      18 Mary Ann Pl, Gretna, LA 70053
      View Details
    • $130,000
      0.17 Acres

      Gretna Land with Development Potential

      Versatile double lot suitable for residential or commercial development.
      961 12Th St, Gretna, LA 70053
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Gretna Retail Space Available

      Retail space available for lease in Gretna, Louisiana.
      91 Westbank Expy, Gretna, LA 70053
      View Details
    • $1,600 /Mo
      1,200 SF

      Retail Space Available in Gretna

      Retail space for lease near Billiards Hall and upcoming pharmacy.
      1650 Gretna Blvd, Gretna, LA 70053
      View Details
    • Contact for pricing

      Versatile Flex Space in Gretna

      Mixed-use flex space with office, showroom, and warehouse.
      1120 Lafayette St, Gretna, LA 70053
      View Details
    • $1.00 SF/Yr
      61,554 SF

      Retail Space Available For Lease

      Retail property available for lease in Gretna, Louisiana.
      508 Stumpf Blvd, Gretna, LA 70053
      View Details
    • $22 SF/Yr

      Gretna Retail Space For Rent

      1,870 SF retail space in historic Gretna cultural center.
      519 Huey P Long Ave, Gretna, LA 70053
      View Details
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    Gretna, LA 70053
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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
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