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    321 S Main Street Saint Martinville, LA 70582

    View on Map
    For Sale
    $175,000

    COMMERCIAL - St. Martinville, LA

    Property size:
    3,646 SF
    Lot size:
    0.17 Acres
    Added:
    Oct 29, 2025
    Days on Market:
    156
    Last Refresh:
    Apr 2 at 5:06 am

    Property Features for 321 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    On Street
    Exterior features
    Partially Fenced
    Fencing
    Partial
    Standard status
    Active
    APN
    17201b2345
    Size
    3,646 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    TaxDescription
    LOT: 55 X 132 (MORE OR LESS) MARTIN, PELLERIN, BIENVENU, MAIN ST.COB: 1183-751-268342 1296-390-301650 1420-825-375831 1802-428-525654 1807-409-527734 1812-573-529800 1802-428-525654 1827-439-536670 1829-746-537818 1918-467-573559

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Flooring type
    Wood, Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Sam Hayes
    Sam Hayes

    Listing agent Sam Hayes License #995712139

    Listing office Real Broker, LLC 300 Rue Beauregard, Unit I, Baton Rouge, LA

    Listing date Oct 29, 2025

    MLS# 2500005066

    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.

    Overview

    Downtown St. Martinville Commercial Building

    Located in downtown St. Martinville, this commercial building offers a versatile space suitable for various business ventures. Previously used as a dance and gymnastics studio for almost two decades, and before that as an antique store, the property features large front display windows ideal for advertising and retail showcases. Upon entry, a waiting area leads into a 1,684 square feet space, formerly used for dance classes. Beyond this is a 1,701 square feet warehouse area, previously utilized for gymnastics training. These two spaces are connected by a small hallway, providing layout flexibility. The warehouse includes two additional exterior entrances, one on the side and another at the rear of the building, for convenient access. The property includes two bathrooms. The building's layout and location offer possibilities for retail, fitness, studio, office, or creative workspace.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Martinville
    County
    St. Martin
    State
    Louisiana
    Longitude
    -91.829846
    Latitude
    30.120864

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial building in downtown St. Martinville, Louisiana.
    Where is this retail space located?
    The property is located at 321 S Main Street Saint Martinville, LA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Spacious commercial building in downtown St. Martinville.; Large open space (1,684 sq. ft.) suitable for retail, fitness, studio, office, or creative workspace.; Additional 1,701 sq. ft. warehouse area with two exterior entrances.
    (337) 680-0233
    We can help!
    Listing Contact
    Sam Hayes
    Sam Hayes
    Real Estate License ID: 995712139
    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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