For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lacombe Acreage with Versatile Buildings Title is generated by Realmo AI

    62284 FISH HATCHERY Road, Lacombe, LA 70445

    View on Map
    Claim this Listing
    For Sale
    $5,500,000

    57.3-acre property with multiple buildings and recreational amenities.

    Type:General Commercial
    Property size:
    30,538 SF
    Lot size:
    57.30 Acres
    Price / SF:
    $180/SF
    Added:
    Mar 19, 2024
    Days on Market:
    814
    Last Refresh:
    May 12 at 9:45 pm

    Property Features for 62284 FISH HATCHERY Road

    General Information

    Standard status
    Active
    Size
    30,538 SF
    Lot size
    57.30 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Eric Johnsen

    Listing agent Eric Johnsen

    Listing office Watermark Realty, LLC

    Listing date Mar 19, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Watermark Realty, LLC

    HighLights

    • Expansive 57.3‑acre property in Lacombe with almost 20 acres of manicured land, majestic oak trees, and Bayou Lacombe access.
    • Multiple structures including a Main Campus Building (29,424 SQFT), Office Building (3,216 SQFT), three Cottages, and a Horse Barn (3,182 SQFT).
    • Extensive amenities such as a 30x60 pool with recreation center, walking trails, gardens, water access, and a ½ mile race track style horse run.
    • Infrastructure in place including natural gas, electricity, water, blacktop & gravel roads servicing each structure, and concrete bulkheads for water features.
    • Main Campus Building features terrazzo floors, large gathering spaces, a commercial kitchen, a full cafeteria, and dormitory‑style sleeping arrangements for 40 people.
    • Office Building includes six offices, a conference room, bathrooms, a full kitchen, and parking for six vehicles with room for expansion.

    Overview

    This 57.3-acre property is located in the heart of Lacombe. The grounds feature almost 20 acres of cleared and manicured land with oak trees situated on Bayou Lacombe, azalea-lined pathways, and a 1.5-acre pond. The property includes an Office Building with 3,216 square feet, a Main Campus Building with 29,424 square feet, and three Cottages measuring 945 square feet, 708 square feet, and 532 square feet respectively. There is also a 3,182-square-foot Horse Barn, two Pavilions, a 30x60 pool and a 718-square-foot Pool Recreation Center, walking trails, gardens, water access, and a ½ mile race track style Horse Run, as well as almost 30 acres of wooded land. Infrastructure is in place for the improved acreage, including natural gas, electricity, water, blacktop & gravel roads, servicing each structure. Most water features include concrete bulkheads. A private sewer treatment facility incorporates a private pump house and hose bib connections in the gardens. The Main Campus Building, built in the 1960s, features terrazzo floors and windows. The building includes a horseshoe driveway and a 40-foot portico entrance. The first floor features meeting rooms, large gathering spaces, bedrooms, office space, a laundry facility, a commercial kitchen, and a full cafeteria. The second floor offers dormitory-style sleeping arrangements for 40 people, separate showers and bathrooms, and two private bedrooms with en-suite bathrooms. The Office Building features six offices, a conference room, bathrooms, and a full kitchen. Parking is available for six vehicles with room for expansion.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $597.3k $19.56
    − Vacancy −$135.3k −$4.43
    EGI $462.0k $15.13
    − OpEx −$115.5k −$3.78
    NOI $346.5k $11.35
    30,538 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $4.95M
    $4.33M – $5.78M (±1% cap)
    NOI $346,522 @ 7.0% cap · market cap 6.30%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $329.20M
    $288.05M – $384.07M (±1% cap)
    NOI $23,044,220 @ 7.0% cap · market cap 418.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sisters of Mt Carmel Congregation

    Suggested Use

    Kitchen & Bath Showroom Storage Facility Car Rental Facility Bakery Barber Shop Plumbing Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lacombe
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -89.942198
    Latitude
    30.336756

    FAQs

    What type of property is this?
    Wedding venue - 57.3-acre property with multiple buildings and recreational amenities.
    Where is this wedding venue located?
    The property is located at 62284 FISH HATCHERY Road Lacombe, LA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: Expansive 57.3‑acre property in Lacombe with almost 20 acres of manicured land, majestic oak trees, and Bayou Lacombe access.; Multiple structures including a Main Campus Building (29,424 SQFT), Office Building (3,216 SQFT), three Cottages, and a Horse Barn (3,182 SQFT).; **Extensive amenities such as a 30x60 pool with recreation center, walking trails, gardens, water access, and a ½ mile race track style horse run.**
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message