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    4266 W Park Avenue Gray, LA 70359

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    Claim this Listing
    For Sale
    $95,000

    COMMERCIAL - Gray, LA

    Property size:
    492 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $193/SF
    Added:
    Nov 25, 2024
    Days on Market:
    520
    Last Refresh:
    Apr 29 at 7:06 pm

    Property Features for 4266 W Park Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    492 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Description
    ON THE LEFT DESCENDING BANK OF BAYOU TERREBONNE. BATTURE LOT 457.28 FEET FRONT ON HIGHWAY 659 AS SHOWN ON"MAP OF SURVEY SHOWING CERTAIN TRACTS OF LAND LOCATED IN SECTION 6" Parcel7890 ON THE LEFT DESCENDING BANK OF BAYOU TERREBONNE. TRACT 7 ON "PLAT OF TR

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Building materials
    Metal Const
    Roof type
    Metal

    We can help!

    Listing Contact
    Melanie Rogers Bruce
    Melanie Rogers Bruce

    Listing agent Melanie Rogers Bruce License #37498

    Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA

    Listing date Nov 25, 2024

    MLS# 2024021418

    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.

    Overview

    Profitable Snowball Stand Opportunity

    This property presents an opportunity to own an established snowball stand, reportedly generating a profit of $30,000 annually with limited operating hours from 2 PM to 6 PM daily. The property includes over 400 feet of space that could be converted into parking leading up to the stand. The property size is 492 square feet and the lot size is approximately 0.0157 acres. The property is located in Gray, Louisiana, in Terrebonne Parish. A billboard on the property is under contract with the current seller and will remain under the seller's name until the contract expires. This commercial property is suitable for retail or restaurant use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Hotel & Motel Auto Parts Store Bar & Pub

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

    Similar Places Nearby

    • Gray Gulf — 3862 W Park Ave, Gray, LA 70359

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.777325
    Latitude
    29.674351

    Nearby Similar for Sale

    • $266,900
      9,486 SF

      Turnkey Commercial Investment Opportunity

      Commercial property with high visibility and easy highway access.
      4925 W Main St, Gray, LA 70359
      View Details
    • $2,500,000
      52 SF

      Mobile Home and Camper Park

      52-space mobile home and camper park with high occupancy.
      346 Bayou Blue Bypass Rd, Gray, LA 70359
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    • $110,000
      492 SF

      Profitable Snowball Stand For Sale

      Established snowball stand with potential for increased profitability.
      4266 West Park Avenue, Gray, LA 70359
      View Details

    FAQs

    What type of property is this?
    Coffee shop - Established snowball stand with potential for increased profits.
    Where is this coffee shop located?
    The property is located at 4266 W Park Avenue Gray, LA.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: Profitable Business: Snowball stand with reported $30,000 annual profit.; Limited Operating Hours: Business operates only from 2 PM to 6 PM daily.; Ample Parking Potential: Over 400 feet of property suitable for conversion into parking.
    (985) 790-9205
    We can help!
    Listing Contact
    Melanie Rogers Bruce
    Melanie Rogers Bruce
    Real Estate License ID: 37498
    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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