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    7602 Highway 1 Lockport, LA 70374

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    New
    For Sale
    $1,350,000

    COMMERCIAL - Lockport, LA

    Property size:
    4,954 SF
    Lot size:
    2.40 Acres
    Price / SF:
    $272/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 1:06 am

    Property Features for 7602 Highway 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Parking
    10
    Standard status
    Active
    Size
    4,954 SF
    Lot size
    2.40 Acres

    Taxes and HOA fees

    Tax Description
    LOT ON RB 24 MI. BELOW THIBODAUX, BOUNDED NW AND S BY RENE J. LEBLANC. SW BY RALEIGH SAMPEY ET AL, E. BY LA. 1 (160.84' X 356.25' & 50.1' X 96.55' IN REAR) (636-791) (per Lafourche Parish Tax Assessor)

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Floors in Building
    3
    Building materials
    Brick, Frame

    We can help!

    Listing Contact
    Clara Champagne

    Listing agent Clara Champagne

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

    Listing date May 7, 2026

    MLS# 2026008412

    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.

    HighLights

    • Versatile commercial/mixed‑use potential: suitable for boutique hospitality, event venue, corporate retreat, luxury rentals, wellness retreats, restaurant, or residential use.
    • Historic significance and architectural integrity: landmark property with lineage dating back to 1860, thoughtfully restored and modernized.
    • Substantial infrastructure upgrades: includes upgraded electrical and plumbing, whole‑house generator (2020), new septic system (2020), and GAF‑certified roof.
    • Prime location on Bayou Lafourche: over two acres with batture, offering waterfront access and scenic views.
    • Impressive grounds: features a 300‑year‑old National Live Oak Society‑registered oak, gated drive, mature landscaping, and resort‑style saltwater pool.
    • High‑end interior features: includes heart pine hardwood flooring, cypress beams, multiple fireplaces, library space, and a chef's kitchen with Thermador appliances.

    Overview

    Historic Bayou Lafourche Commercial Estate

    This commercial and investment property offers over 6,900 square feet of space on more than two acres along Bayou Lafourche. The property has operated as a bed-and-breakfast and private estate. It offers versatility for commercial and mixed-use opportunities including boutique hospitality, event venue operations, corporate retreat space, luxury short-term rental concepts, wellness retreats, restaurant possibilities, tourism-focused ventures, or continued residential use. The estate has been restored and modernized while preserving its historic integrity. Interior features include heart pine hardwood flooring, cypress beams, multiple fireplaces, library space, and a chef's kitchen equipped with Thermador professional-grade appliances. Major infrastructure improvements include upgraded electrical and plumbing systems, a whole-house generator installed in 2020, a new septic system in 2020, and a GAF-certified roof. Exterior features include a gated shell drive with brick columns, mature landscaping, a decorative sugar kettle, a detached double garage with workshop, a detached garden structure, a brick courtyard, and a resort-style saltwater inground pool surrounded by mature palms. The grounds are highlighted by a National Live Oak Society-registered oak estimated to be approximately 300 years old with a 27-foot base circumference.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Electrical Service Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.50903
    Latitude
    29.630657

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    FAQs

    What type of property is this?
    Bed & breakfast - Versatile commercial property on 2+ acres with historic significance.
    Where is this bed & breakfast located?
    The property is located at 7602 Highway 1 Lockport, LA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Versatile commercial/mixed‑use potential: suitable for boutique hospitality, event venue, corporate retreat, luxury rentals, wellness retreats, restaurant, or residential use.; Historic significance and architectural integrity: landmark property with lineage dating back to 1860, thoughtfully restored and modernized.; Substantial infrastructure upgrades: includes upgraded electrical and plumbing, whole‑house generator (2020), new septic system (2020), and GAF‑certified roof.
    (985) 449-7788
    We can help!
    Listing Contact
    Clara Champagne
    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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