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    206-210 W OAK Street Amite, LA 70422

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    For Sale
    $1,150,000

    COMMERCIAL - Amite, LA

    Property size:
    5,000 SF
    Lot size:
    1.00 Acre
    Added:
    Apr 25, 2025
    Days on Market:
    356
    Last Refresh:
    Apr 15 at 12:06 am

    Property Features for 206-210 W OAK Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Comm
    Parking features
    Off Street, Assigned
    Standard status
    Active
    Size
    5,000 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    Section 4 Township T4SR&E

    Utilities

    Water source
    Public

    Building Details

    Year built
    1886
    Floors in Building
    1

    We can help!

    Listing Contact
    Yvonne Hulsey

    Listing agent Yvonne Hulsey License #S58605

    Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA

    Listing date Apr 25, 2025

    MLS# 2498565

    Copyright © 2026 New Orleans Metropolitan Association 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.

    Overview

    Renovated Historic Restaurant in Amite

    This fully renovated historic restaurant is located in downtown Amite City, Louisiana. The property offers over 5,000 square feet of living and entertaining space. It features a bar, new electrical systems, a recently installed metal roof, and a fully equipped commercial kitchen that includes new vents, hoods, and an oyster bar. Elegant chandeliers adorn the two dining rooms, a second large bar area, and a covered patio with its own bar setup. The rear kitchen is equipped with walk-in coolers, freezers, and dedicated boiling areas. Ample parking is available in both the front and rear of the building. A 6-bedroom, 2-bath home is situated behind the restaurant, suitable for owner's quarters, staff housing, or rental purposes. The property sits on a 1-acre lot and is zoned for commercial use. This turnkey space is ready for business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    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.

    Similar Places Nearby

    • Panda Garden Buffet — 910 W Oak St, Amite City, LA 70422

    Location Insight

    • Map
    • Local Demand
    City
    Amite
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.506
    Latitude
    30.7264322

    Nearby Similar for Sale

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      203 S BAY Street, Amite, LA 70422
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    • $106,000

      Amite Commercial Property For Sale

      Commercial property suitable for restaurant, retail, or office space.
      106 E CHESTNUT Street, Amite, LA 70422
      View Details
    • $106,000
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      Versatile Commercial Property in Amite

      Adaptable commercial space suitable for retail, office, or restaurant.
      106 E CHESTNUT Street, Amite, LA 70422
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    • $175,000

      Amite City Downtown Property

      Centrally located property in downtown Amite City.
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      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Iconic, fully renovated restaurant with living space in downtown Amite.
    Where is this conventional restaurant located?
    The property is located at 206-210 W OAK Street Amite, LA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Fully renovated, turnkey historic restaurant with over 5,000 sq ft of space; Includes a fully equipped commercial kitchen with new vents, hoods, and oyster bar; Features two spacious dining rooms, two bar areas, and a covered patio with a bar
    (985) 727-7000
    We can help!
    Listing Contact
    Yvonne Hulsey
    Real Estate License ID: S58605
    Learn More
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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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