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    2802 Belle Chasse Hwy Gretna, LA 70053
    Property profile & analytics

    2802 Belle Chasse Hwy Gretna, LA 70053

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    • Commercial real estate
    • 6,800 SF
    Off-Market
    Property ID
    US36-0369905
    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 2802 Belle Chasse Hwy

    Year built
    1973
    Property size
    6,800 SF
    Property type
    Commercial real estate

    Description

    This exceptional 6,800 square foot commercial property presents a remarkable investment opportunity in the vibrant city of Gretna, Louisiana. Situated on a main thoroughfare, this versatile building offers an unparalleled blend of existing infrastructure and adaptable spaces. The front section is currently configured as office space, ideal for a variety of professional uses. The rear half and upstairs area are already equipped for a restaurant, bar, or event venue, complete with existing bar setups on both levels. This makes it perfect for weddings, showers, corporate events, or other gatherings. Imagine the possibilities – a thriving restaurant with ample event space, or a unique combination of office and entertainment. The property also boasts a secluded and inviting courtyard in the rear, providing a tranquil outdoor area for guests or employees. Ample parking is available, with 15+ spots directly in front and additional parking in an adjacent lot. The property's current setup allows for immediate occupancy and income generation through leasing existing spaces. Potential buyers are responsible for verifying zoning and permitted uses with the relevant authorities. This is a rare chance to acquire a well-positioned, multi-functional commercial property with significant upside potential. Don't miss this chance to own a piece of Gretna's thriving business landscape.

    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
    State
    Louisiana
    Longitude
    -90.04541
    Latitude
    29.89878

    Comparable in this City

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      Gretna Commercial Space: Prime Location

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      Gretna Commercial Building - Prime Location

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      Gretna Duplex For Sale

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      Gretna Mixed-Use Property with Workshop

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    Similar Nearby for Sale

    • $1,475,000
      37,500 SF

      Gretna Commercial Property Investment

      High-Traffic Retail & Residential Complex
      1600 Lafayette St, Gretna, LA 70053
      View Details
    • $475,000
      6,548 SF

      Gretna Expressway Commercial Building

      High-Visibility Commercial Space, 6,548 sq ft
      59 Westbank Expy, Gretna, LA 70053
      View Details
    • $210,000
      2,650 SF

      Gretna Commercial Space: Prime Location

      Versatile 2,650 sq ft Commercial Building
      2110 Pratt St, Gretna, LA 70053
      View Details
    • $175,000
      3,711 SF

      Gretna Commercial Building - Prime Location

      3,711 sq ft Commercial Space - $175K
      2112 Pratt St, Gretna, LA 70053
      View Details
    • $365,000
      2,062 SF

      Gretna Duplex For Sale

      Desirable duplex in Gretna, great for investors or owner-occupants.
      1204-1206 23Rd St, Gretna, LA 70053
      View Details
    • $218,000
      1,700 SF

      Gretna Mixed-Use Property with Workshop

      Charming 3-bedroom home with business potential near Highway 90.
      1320 Friedrichs 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.
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    • Contact for pricing

      Versatile Flex Space in Gretna

      Mixed-use flex space with office, showroom, and warehouse.
      1120 Lafayette St, Gretna, LA 70053
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    • $1.00 SF/Yr
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      Retail Space Available For Lease

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    • $22 SF/Yr

      Gretna Retail Space For Rent

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      Retail Space Available in Gretna

      Retail space for lease near Billiards Hall and upcoming pharmacy.
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      View Details

    Property Visit Statistics

    • Visits by month
      9.6k
    • Visitors by month
      5.8k
    • Avg Time on site
      5 min
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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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    2802 Belle Chasse Hwy, Gretna, LA, 70053
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