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    100 102 Pasture Ct Thibodaux, LA 70301

    Sponsored
    For Sale
    $1,750,000

    MULTI_FAMILY - Thibodaux, LA

    Property size:
    2,680 SF
    Lot size:
    28.10 Acres
    Days on Market:
    52
    Last Refresh:
    Jan 29 at 8:06 pm

    Property Features for 100 102 Pasture Ct

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry Room
    Parking
    12
    Parking features
    Parking Lot
    Fencing
    Privacy
    Appliances
    Range/Oven
    Size
    2,680 SF
    Lot size
    28.10 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Ceiling Fan(s)

    Building Details

    Flooring type
    Tile - Ceramic
    Building materials
    Vinyl Siding, Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Shirin Nail

    RE/MAX Good Earth Realty (985) 851-3999

    Listing agent Shirin Nail/ Cynthia Pellegrin (985) 637-2255

    Listing date Dec 9, 2025

    MLS# 2024022293

    Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    28-Acre Multi-Family Development Opportunity

    This property features eight one-bedroom, one-bathroom apartments and a single-family home situated on 28 acres. Located near downtown Thibodaux, Walmart, medical facilities, and a university, the property offers convenient access to local amenities. The site's elevation of 12 feet eliminates the requirement for flood insurance. A pond is located at the rear of the property, and further development is possible. A cellular tower is planned for a small section in the rear, with negotiated lease terms of $1200 per month and increasing rent on a 99-year lease. The unrestricted land allows for various development options, including additional apartments, townhouses, single-family homes, or a family compound. The land is also suitable for horses, cattle, or livestock. Potential business uses include a medical center, retirement center, office building, storage units, or commercial building. The existing single-family home can be used as a residence or converted into an office. The property is listed for sale at its current appraised value. The property size is 2680 square feet.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Thibodaux
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.81509918
    Latitude
    29.77011697

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    FAQs

    What type of property is this?
    Apartment building - Multi-family property with single-family home and development potential in Thibodaux.
    Where is this apartment building located?
    The property is located at 100 102 Pasture Ct Thibodaux, LA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Income-generating cellular tower lease provides $1200/month with increasing rent, covering taxes, insurance, and most maintenance.; - 28 acres of unrestricted land with high elevation (12') eliminates flood insurance requirement and allows for diverse development possibilities.; - Includes eight 1-bed/1-bath apartments and a single-family home, offering immediate rental income and living options.
    (985) 851-3999
    Request Owner's contact information
    100 102 Pasture Ct Thibodaux, LA 70301
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    Thibodaux, LA 70301
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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
    100 102 Pasture Ct Thibodaux, LA 70301
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    We can help!
    Listing Contact
    Shirin Nail
    Real Estate License ID: 467517117
    (985) 851-3999
    Learn more
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