Mixed-Use Store and
For Sale
$950,000
11334 HIGHWAY 23, Belle Chasse, LA 70037
Commercial Sale, Belle Chasse, LA
Property Size3,468 SF
Lot Size4.00 Acres
Price / SF$273.93
Days on Market139
Property Features for 11334 HIGHWAY 23
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
A-2
Parking
3
Standard status
Active
APN
1504150-1504210
Size
3,468 SF
Lot size
4.00 Acres
Taxes and HOA fees
Tax Description
1/2 X 40 ON R/DESC R/W OF LA ST HWY 23. BOUNDED ABOVE BY D JEANFREAU & N FLEMING & BELOW BY LANDS NOW OR FORMERLY BELONGING TO HELEN F SLAVICH. COMM BLDG & FREEZER BLDG
Legal Description
1/2 X 40 ON R/DESC R/W OF LA ST HWY 23. BOUNDED ABOVE BY D JEANFREAU & N FLEMING & BELOW BY LANDS NOW OR FORMERLY BELONGING TO HELEN F SLAVICH. COMM BLDG & FREEZER BLDG
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Floors in Building
1
Building materials
Block
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Daniel J Trosclair · License #000004986
(504) 908-2426
Added: Jun 9
Changed: Oct 23
Last Checked: Oct 25 at 4:06PM
MLS# 2561127
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property brings together convenience retail and restaurant space in a block building constructed in 1965. The 3,468-square-foot finished, conditioned area includes open retail with two service counters, a walk-in cooler, dining space, a commercial kitchen, storage, and two restrooms. An additional 788 square feet is covered and screened for storage or boil space, and a detached 256-square-foot walk-in freezer sits beside the main building.
The property encompasses 4 acres, with approximately 1 acre used for the main site. Most of the land is subject to government and right-of-way access easements. Zoning is A-2. Public water and sewer serve the property, and natural gas is available.
The property encompasses 4 acres, with approximately 1 acre used for the main site. Most of the land is subject to government and right-of-way access easements. Zoning is A-2. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- Retail and restaurant use with two service counters, dining area, commercial kitchen, and two restrooms
- 3,468 square feet of finished, conditioned space
- Detached 256‑square‑foot walk‑in freezer adjacent to the main building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,728
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,560
$1.2M
Cap Rate 7%
$838,971
$839.0K
Cap Rate 9%
$652,533
$652.5K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$79.9K $23.04/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$78.3K $22.58/SF
− OpEx
−$19.6K −$5.64/SF
NOI
$58.7K $16.93/SF
Area
Plaquemines County, LA
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,560
Cap Rate 7%
$838,971
Cap Rate 9%
$652,533
Alternative Uses
Best Use
Specialty Retail
$839.0K
$734.1K – $978.8K
NOI $58,728 @ 7.0% cap · market cap 6.18%
Second Best
Retail
$783.0K
$685.2K – $913.6K
NOI $54,813 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$915.0K
$800.6K – $1.07M
NOI $64,047 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 70037, LA
16,262
Population
6,682
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
91%
High-School Grad
49.9 sq mi
ZIP Area
326
Density / Sq Mi
$92,193
Median Household Income
$45,608
Median Earnings
$1,650
Median Rent
$350,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The operating layout combines customer retail, dining, food preparation, and separate cold-storage areas.
Where is this mixed-use property located?
The property is located at 11334 HIGHWAY 23 Belle Chasse, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Retail and restaurant use with two service counters, dining area, commercial kitchen, and two restrooms; 3,468 square feet of finished, conditioned space; Detached 256‑square‑foot walk‑in freezer adjacent to the main building
