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    Property profile & analytics

    6613 Westbank Expy Marrero, LA 70072

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1651915
    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.

    Current Use by Public Records

    • Hquor Fried Chicken / Restaurant

    Property Details for 6613 Westbank Expy

    Property type
    Commercial real estate

    Description

    This exceptional 67,000 sq ft commercial land parcel in Marrero, Louisiana, presents a remarkable redevelopment opportunity. Located on the Westbank Expressway with frontage on Garden Road, this former hotel site offers a nearly blank slate for your vision. While pilings and existing parking lots remain (condition to be assessed by buyer), the property is ready for immediate development. Boasting an average daily traffic count of approximately 77,000 vehicles, this C2-zoned lot includes a servitude for Westbank Expressway access. A survey is available. Conveniently situated approximately 10 minutes from downtown New Orleans and near the elevated Westbank Expressway on-ramp, this property offers significant potential. An added benefit includes five adjacent residential lots (R1A zoning) available for purchase as a package. This is a high-traffic, high-visibility location ideal for a variety of commercial ventures. The asking price is $800,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marrero
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.120168
    Latitude
    29.892291

    Comparable in this City

    • Contact for pricing
      1.27 Acres

      Marrero Outparcel: 1.27 Acres

      Prime commercial land, high visibility, strong anchors.
      0 Promenade Blvd, Marrero, LA 70072
      View Details
    • $40,000

      Residential Land in Marrero, LA

      Vacant lot in Lincolnshire, ready for new construction.
      2073 Lincolnshire Dr, Marrero, LA 70072
      View Details
    • Contact for pricing
      4.14 Acres

      Marrero Outparcel: 4.14 Acres

      Prime commercial land, ideal for development. High traffic location.
      4951 Promenade Blvd, Estelle, LA 70072
      View Details
    • $43,000

      Residential Land in Marrero, LA

      Vacant lot in Marrero, LA, ready for construction.
      1308 Silver Lilly Ln, Marrero, LA 70072
      View Details
    • $34,999

      Residential Lot in Marrero, LA

      Vacant 50' x 147' lot ready for building.
      1741 Penny St, Marrero, LA 70072
      View Details
    • $346,775
      0.72 Acres

      Marrero, LA Commercial Land Parcel

      High-traffic location, prime development opportunity.
      6205 Lapalco Blvd, Marrero, LA 70072
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4.14 Acres

      Marrero Outparcel: 4.14 Acres

      Prime commercial land, ideal for development. High traffic location.
      4951 Promenade Blvd, Estelle, LA 70072
      View Details
    • $43,000

      Residential Land in Marrero, LA

      Vacant lot in Marrero, LA, ready for construction.
      1308 Silver Lilly Ln, Marrero, LA 70072
      View Details
    • $34,999

      Residential Lot in Marrero, LA

      Vacant 50' x 147' lot ready for building.
      1741 Penny St, Marrero, LA 70072
      View Details
    • $346,775
      0.72 Acres

      Marrero, LA Commercial Land Parcel

      High-traffic location, prime development opportunity.
      6205 Lapalco Blvd, Marrero, LA 70072
      View Details
    • $299,000
      0.15 Acres

      Marrero Commercial Land - Turnkey Ready

      High-traffic location, versatile commercial space. Turnkey opportunity.
      1321 Ames Blvd, Marrero, LA 70072
      View Details
    • Contact for pricing
      1.27 Acres

      Marrero Outparcel: 1.27 Acres

      Prime commercial land, high visibility, strong anchors.
      0 Promenade Blvd, Marrero, LA 70072
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      32,000 SF

      Marrero Executive Office Outparcel

      Prime Westbank location, build-to-suit available.
      6205 Lapalco Blvd, Marrero, LA 70072
      View Details
    • $30,000
      330,000 SF

      Marrero Industrial Campus: 66 Acres

      Large industrial campus, multiple tenants, flexible space.
      7500 4Th St, Marrero, LA 70072
      View Details
    • $17 SF/Yr
      14,746 SF

      Marrero Executive Office Space

      Class A Office, High Visibility, Flexible Suites
      1849 Barataria Blvd, Marrero, LA 70072
      View Details
    • $33 SF/Yr
      2,800 SF

      Retail Space on Lapalco Boulevard

      Retail space for lease with high visibility and traffic.
      4960 Lapalco Blvd, Marrero, LA 70072
      View Details
    • $3,500 /Mo
      1,615 SF

      Marrero Property with Development Potential

      Spacious lot in high-traffic area, ideal for diverse ventures.
      1308 Barataria Blvd, Marrero, LA 70072
      View Details
    • Contact for pricing
      2,592 SF

      Barataria Blvd Retail Space For Lease

      Large Retail Building, High Visibility, Ample Parking
      403 Barataria Blvd, Marrero, LA 70072
      View Details
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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
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