Building Details

Building Size 3,260 SF

Buildings 1

Listing Agency: KELLER WILLIAMS REALTY BAYOU P Show Phone

Listed By: E.J. Talbot

Source: Jimtalbot

Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 4:11PM

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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 KELLER WILLIAMS REALTY BAYOU P

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,260-square-foot wedding venue pairs an event hall with residential areas, separated by a retractable partition. The interior also includes a full-service kitchen, a 24-foot bar with integrated drink coolers, separate multi-stall restrooms, a living area, and a private bedroom with an attached bathroom. Fourteen hand-carved wooden statues made on site are included, along with a 60kw backup generator.

Outdoor features include a lighted parking area for over 60 vehicles, with additional space for campers and RVs. At the river, the property has a private boat launch, a cement deck, docking space, and two large slips.

Key Highlights

• 3,260‑square‑foot event facility with a retractable partition between the hall and residential areas
• 24‑foot bar with integrated drink coolers and a full‑service kitchen
• Private boat launch, riverside cement deck, docking space, and two large slips

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,514

Cap Rate

4.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$610,280 $610.3K

Cap Rate 7%

$435,914 $435.9K

Cap Rate 9%

$339,044 $339.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,260 SF

Gross rent

$50.9K $15.60/SF

− Vacancy

−$2.0K −$0.62/SF

EGI

$48.8K $14.98/SF

− OpEx

−$18.3K −$5.62/SF

NOI

$30.5K $9.36/SF

Area

Assumption County, LA

Vacancy

4.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$610,280

Cap Rate 7%

$435,914

Cap Rate 9%

$339,044

Alternative Uses

Best Use

Mixed Use

$435.9K

$381.4K – $508.6K (±1% cap)

NOI $30,514 @ 7.0% cap · market cap 4.69%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$780.7K

$683.2K – $910.9K (±1% cap)

NOI $54,652 @ 7.0% cap · market cap 8.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Wedding venues

Suggested Use

Top Pick Auto Repair Shop (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Big Box & Wholesale Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 70339, LA

5,332

Population

2,722

Households

2

Avg Household Size

46

Median Age

12%

College-Educated

79%

High-School Grad

55.1 sq mi

ZIP Area

97

Density / Sq Mi

$54,727

Median Household Income

$46,933

Median Earnings

$706

Median Rent

$162,600

Median Home Value

Frequently Asked Questions

What type of property is this?

Wedding venue - The event facility includes a private boat launch, riverfront deck, and residential space.

Where is this wedding venue located?

The property is located at 1075 Highway 70 South Pierre Part, LA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 3,260‑square‑foot event facility with a retractable partition between the hall and residential areas; 24‑foot bar with integrated drink coolers and a full‑service kitchen; Private boat launch, riverside cement deck, docking space, and two large slips