Commercial Building in St.
For Sale
$79,000
114 E Berard Street, Saint Martinville, LA 70582
COMMERCIAL - St. Martinville, LA
Property Size576 SF
Lot Size0.18 Acres
Price / SF$137.15
Days on Market1002
Property Features for 114 E Berard Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
4
Exterior features
Storage Building
Lot features
Level
Directions
From Lafayette, take the St. Martinville Exit. Follow Rd under overpass, then take a Left on Hwy 96. Travel down Hwy 96 till you get into St. Martinville. Take a Right on Main St (Hwy 31), then Left on E Berard St. Property located on Right (across from courthouse).
Subdivision
M2
Standard status
Active
APN
17201b1144
Size
576 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
22' x 79.4' site & 82 & 70' site located inside the city limits
Legal Description
22' x 79.4' site & 82 & 70' site located inside the city limits
Utilities
Cooling system
Window Unit(s)
Water source
Public
Amenities
heating /cooling
bath
rear yard access
large storage shed
Building Details
Floors in Building
1
Flooring type
Tile
Additional Structures
Storage
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Molli Rodriguez · License #0995687819
(337) 578-0034
Added: Nov 9, 2023
Changed: Aug 4
Last Checked: Aug 7 at 2:06PM
MLS# 23010148
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial brick building is located in the heart of Saint Martinville, Louisiana, across from the Saint Martin Parish courthouse on a corner lot. The property has a classic brick exterior. The building offers a comfortable and inviting space. It features heating/cooling and a bath, with rear yard access and ample parking. A large storage shed is located in the rear of the property and will remain. The lot size is 0.18 acres and the property size is 576 square feet.
Key Highlights
- Prime location across from the Saint Martin Parish courthouse.
- Classic and charming brick building.
- Well‑maintained property ensuring a strong first impression.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$111,820
$111.8K
Cap Rate 7%
$79,871
$79.9K
Cap Rate 9%
$62,122
$62.1K
Market Conditions
NOI Build-Up for 576 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$8.4K $14.52/SF
− Vacancy
−$376 −$0.65/SF
EGI
$8.0K $13.87/SF
− OpEx
−$2.4K −$4.16/SF
NOI
$5.6K $9.71/SF
Area
St. Martin County, LA
Vacancy
4.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$111,820
Cap Rate 7%
$79,871
Cap Rate 9%
$62,122
Alternative Uses
Best Use
Retail
$79.9K
$69.9K – $93.2K
NOI $5,591 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$126.5K
$110.7K – $147.6K
NOI $8,854 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
SUBWAY
Dining
3,376 visits/mo
0.2 miles
Family Dollar
Shops & Services
2,482 visits/mo
0.3 miles
Home Bank
Shops & Services
1,887 visits/mo
0.1 miles
Whitney Bank
Shops & Services
1,306 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
888 visits/mo
0.1 miles
Demographics for 70582, LA
19,088
Population
9,122
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
148.0 sq mi
ZIP Area
129
Density / Sq Mi
$46,690
Median Household Income
$36,265
Median Earnings
$787
Median Rent
$149,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Glenn’s Flower Box — 315 N Main St, St Martinville, LA 70582
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial brick building in the heart of Saint Martinville, Louisiana.
Where is this storefront property located?
The property is located at 114 E Berard Street Saint Martinville, LA.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: Prime location across from the Saint Martin Parish courthouse.; Classic and charming brick building.; Well‑maintained property ensuring a strong first impression.
