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    Raceland Multi-Use Income Property Title is generated by Realmo AI

    105 107 115 125 Double H Dr., Raceland, LA 70394

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    Claim this Listing
    For Sale
    $475,000

    COMMERCIAL - Raceland, LA

    Property size:
    5,500 SF
    Lot size:
    24.00 Acres
    Price / SF:
    $86/SF
    Added:
    Feb 25, 2025
    Days on Market:
    444
    Last Refresh:
    May 15 at 7:06 am

    Property Features for 105 107 115 125 Double H Dr.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Covered
    Exterior features
    Door Sign, Storage
    Standard status
    Active
    Size
    5,500 SF
    Lot size
    24.00 Acres

    Taxes and HOA fees

    Tax Description
    TRACT (3/4 ARP. X 40 ARPS.) ON RB, 16 MI. BELOW THIB.; FRONT BY LA. HWY. #1; ABOVE BY WALLACE PLAISANCE; BELOW BY JAMES GAUDET; REAR BY 40 ARP. LINE. (570-218) (759-248) (1087-75)(1325-799) (LESS 275' X 120' SOLD)(LESS 215' X 120' SOLD)(1228-185)(1217-364

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Building materials
    Brick
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lisa Braud
    Lisa Braud

    Listing agent Lisa Braud License #37498

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

    Listing date Feb 25, 2025

    MLS# 2025003409

    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

    • 24‑acre property offering both residential and commercial rental income potential.
    • Includes a 4‑plex with a mix of 1 and 2‑bedroom apartments.
    • Features a 2‑bedroom, 1‑bath home.
    • RV canopy provides space for 2 large RV rentals.
    • Benefit from a 5000 sq ft canopy and a 2250 sq ft barn.
    • Back acreage is ideal for farming.

    Overview

    This 24-acre property located off Hwy 1 on Double H Drive in Raceland, LA, presents a mixed-use investment opportunity. The property includes a fourplex with one one-bedroom, one-bathroom unit and three two-bedroom, one-bathroom units, offering residential rental income. Additionally, there is an RV canopy with space for two large RVs, providing further rental potential. A two-bedroom, one-bath home is also situated on the property. Commercial aspects include a 5000 sq ft canopy and a 2250 sq ft barn. The back acreage is suitable for farming, enhancing the property's versatility. The total property size is 5500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Car Rental Facility Stow-N-Go Storage Facility

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Raceland
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.587563
    Latitude
    29.719365

    Nearby Similar for Sale

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      2,211 SF

      Raceland Commercial Property on Highway

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      4744 Hwy 1, Raceland, LA 70394
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    • $325,000
      5,500 SF

      Raceland Commercial Property For Sale

      Commercial property in Raceland, LA with existing lease.
      4198 Highway 1, Raceland, LA 70394
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    • $170,000
      2,220 SF

      Raceland Commercial Building on Highway

      Commercial building with highway frontage, open floor plan, and office.
      4948 Hwy 1, Raceland, LA 70394
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    • $170,000
      2,220 SF

      Highway Frontage Retail Building

      Retail building with highway frontage and flexible open floor plan.
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    FAQs

    What type of property is this?
    Apartment building - 24-acre property with residential, commercial, and farming potential.
    Where is this apartment building located?
    The property is located at 105 107 115 125 Double H Dr. Raceland, LA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 24‑acre property offering both residential and commercial rental income potential.; Includes a 4‑plex with a mix of 1 and 2‑bedroom apartments.; Features a 2‑bedroom, 1‑bath home.
    (985) 262-4400
    We can help!
    Listing Contact
    Lisa Braud
    Lisa Braud
    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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