Historic Storefront With
For Sale
$125,000
114 S Main St, Saint Martinville, LA 70582
Updated electrical, plumbing, and HVAC systems complement a courtyard with detached restrooms.
Property Size720 SF
Price / SF$173.61
Days on Market408
Property Features for 114 S Main St
General Information
Standard status
Active
Size
720 SF
Property subtype
Retail
Listing Agency:
Real Broker, LLC Lafayette
(337) 680-0233
Listed By:
Sam Hayes · License #995712139
(337) 680-0233
Source:
Lacdb.resimplifi
Added: Jul 19, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:07PM
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 Real Broker, LLC Lafayette
Investment Insights
Based on property information with market context.
This historic commercial storefront at 114 S Main St. is believed to date to the late 1800s and retains architectural details associated with its era. The building was formerly occupied by Hebert's Jewelry Store and has received new electrical, plumbing, and HVAC systems. An outdoor courtyard adds a separate area for dining, events, or entertainment and includes newly built detached restrooms.
The property is located in Historic Downtown St. Martinville, directly across from St. Martin de Tours Catholic Church, known as the Mother Church of the Acadians. The existing configuration and downtown setting support retail, professional office, sports bar, grill, or other commercial concepts identified for the property.
The property is located in Historic Downtown St. Martinville, directly across from St. Martin de Tours Catholic Church, known as the Mother Church of the Acadians. The existing configuration and downtown setting support retail, professional office, sports bar, grill, or other commercial concepts identified for the property.
Key Highlights
- Historic commercial building believed to date to the late 1800s
- New electrical, plumbing, and HVAC systems
- Outdoor courtyard with a spacious, flexible layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,989
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$139,780
$139.8K
Cap Rate 7%
$99,843
$99.8K
Cap Rate 9%
$77,656
$77.7K
Market Conditions
NOI Build-Up for 720 SF
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.
Gross rent
$10.5K $14.52/SF
− Vacancy
−$470 −$0.65/SF
EGI
$10.0K $13.87/SF
− OpEx
−$3.0K −$4.16/SF
NOI
$7.0K $9.71/SF
Area
St. Martin County, LA
Vacancy
4.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$139,780
Cap Rate 7%
$99,843
Cap Rate 9%
$77,656
Alternative Uses
Best Use
Retail
$99.8K
$87.4K – $116.5K
NOI $6,989 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$158.1K
$138.4K – $184.5K
NOI $11,068 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
SUBWAY
Dining
3,376 visits/mo
0.1 miles
Home Bank
Shops & Services
1,887 visits/mo
0.3 miles
Whitney Bank
Shops & Services
1,306 visits/mo
0.2 miles
Texaco
Shops & Services
1,154 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
888 visits/mo
0.3 miles
Demographics for 70582, LA
19,088
Population
9,122
Households
2.1
Avg Household Size
41
Median Age
13%
College-Educated
84%
High-School Grad
148.0 sq mi
ZIP Area
129
Density / Sq Mi
$46,690
Median Household Income
$36,265
Median Earnings
$787
Median Rent
$149,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Glenn’s Flower Box — 315 N Main St, St Martinville, LA 70582
Frequently Asked Questions
What type of property is this?
Storefront property - Updated electrical, plumbing, and HVAC systems complement a courtyard with detached restrooms.
Where is this storefront property located?
The property is located at 114 S Main St Saint Martinville, LA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Historic commercial building believed to date to the late 1800s; New electrical, plumbing, and HVAC systems; Outdoor courtyard with a spacious, flexible layout
