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    103 Ridgefield Rd Thibodaux, LA 70301

    View on Map
    Sponsored
    For Sale
    $450,000

    COMMERCIAL - Thibodaux, LA

    Property size:
    2,900 SF
    Lot size:
    0.53 Acres
    Days on Market:
    40
    Last Refresh:
    Mar 15 at 6:06 am

    Property Features for 103 Ridgefield Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 2, Bathroom 1
    Bathrooms
    3
    Parking
    15
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Size
    2,900 SF
    Lot size
    0.53 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Wood, Tile - Ceramic
    Roof type
    Metal, Built-Up

    We can help!

    Listing Contact
    Sheila Oncale
    Sheila Oncale

    LaRussa Real Estate Agency, Inc. (985) 804-3208

    Listing agent Sheila Oncale (985) 790-4904

    Listing date Feb 3, 2026

    MLS# 2026001659

    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

    Property Insight Report

    Overview

    Thibodaux Commercial Building on Corner Lot

    This freestanding commercial building, situated at 103 Ridgefield Road in Thibodaux, Louisiana, offers approximately 2900 square feet of space on a 0.53-acre corner lot. The property benefits from easy access with approximately 136 feet of frontage on Ridgefield Road and an additional 194 feet on Isabella Place. Zoned B-1 (Neighborhood Business), the location is near St. Mary Highway (LA Hwy 1) and Nicholls Shopping Center. The current layout includes an ADA ramp front entrance leading to a large reception/lobby area, five individual office spaces, and a public ADA-compliant restroom in the lobby. There is also a large kitchen area with a break room, a second restroom for employees, and an additional storage room. A covered drive-thru provides side entrance access to the reception/lobby area. The rear of the building features a side entrance with two additional rooms and a full restroom, suitable for additional office space or an apartment rental. Paved parking is available on site, with additional green space for parking lot expansion. The surrounding area features a mix of retail and professional medical/dental offices. The property is suited for various uses, including professional offices, daycare, bed and breakfast, short-term rentals, and home businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DR. PATRICK WALKER Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thibodaux
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.82667
    Latitude
    29.795453

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    FAQs

    What type of property is this?
    Office units - Freestanding 2900 SF commercial building on 0.53 acre corner lot.
    Where is this office units located?
    The property is located at 103 Ridgefield Rd Thibodaux, LA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Freestanding +/- 2900 SF commercial building on a +/- .53 acre corner lot with high visibility and accessibility.; - Zoned B-1 (Neighborhood Business) allowing for versatile use including professional office, daycare, short term rental, and home business.; - Includes a LARGE reception/lobby area, five individual office spaces, two restrooms, and a kitchen/break room.
    (985) 790-4904
    Request Owner's contact information
    103 Ridgefield Rd 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
    103 Ridgefield Rd Thibodaux, LA 70301
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    We can help!
    Listing Contact
    Sheila Oncale
    Sheila Oncale
    Real Estate License ID: LA18748
    (985) 790-4904
    Learn more
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