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    Redeveloped Retail Center in Cutoff Title is generated by Realmo AI

    16245-16273 E Main Street Cut Off, Cut Off, LA 70345

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    Claim this Listing
    For Lease
    $10 SF/Yr $48,958/Mo (calc)

    58,750 SF shopping center with 11 retail spaces for lease.

    Type:Retail
    Property size:
    58,750 SF
    Added:
    Sep 25, 2025
    Days on Market:
    248
    Last Refresh:
    May 8 at 8:20 pm

    Property Features for 16245-16273 E Main Street Cut Off

    General Information

    Standard status
    Active
    Size
    58,750 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1970

    Spaces For Lease

    at 16245-16273 E Main Street Cut Off Contact us

    We can help!

    Listing Contact
    Elliott Scroggs
    Elliott Scroggs

    Listing agent Elliott Scroggs License ##995712516

    Listing office Lee & Associates - Baton Rouge

    Listing date Sep 25, 2025

    Source Lee-associates

    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 Lee & Associates - Baton Rouge

    HighLights

    • Strategic location between Raceland and Port Fourchon, benefiting from high commuter traffic.
    • Redeveloped 58,750‑square‑foot shopping center with retail spaces available for lease.
    • Excellent accessibility: Just over an hour from New Orleans and 40 minutes from Houma.
    • Located at a signalized intersection on a hard corner, ensuring high visibility.
    • Flexible suite sizes available, ranging from 2,039 to 16,653 square feet.
    • Dollar General as a junior anchor tenant, driving traffic to the center.

    Overview

    Located in Cutoff, Louisiana, Tarpon Heights is a 58,750-square-foot shopping center under redevelopment. It offers 11 retail spaces, with 8 currently available for lease, ranging in size from 2,039 to 16,653 square feet. Positioned at the signalized intersection of East 90th and East Main, it connects the East and West sides of Lafourche Bayou. The location benefits from commuter traffic driven by the petroleum industry and is situated between Raceland and Port Fourchon, approximately 1 hour and 15 minutes from New Orleans and 40 minutes from Houma. The Louisiana Offshore Oil Port (LOOP) is nearby. The property has excellent visibility and access, signaled access on a hard corner, and flexible suite sizes and configurations. Dollar General serves as a junior anchor, helping drive traffic to the center. The Lafourche Parish Library is adjacent to the property. Tenant improvement allowance is available based on tenant credit and lease terms. It is a great option for value-centric retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Pharmacy Skin Care Clinic Accounting Firm

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

    Similar Places Nearby

    • Tarpon Heights Shopping Center — 16201 E Main St, Cut Off, LA 70345
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    • Coinstar Kiosk — 16759 la-3235, galliano, la 70354

    Location Insight

    • Map
    • Local Demand
    City
    Cut Off
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.321377
    Latitude
    29.480049

    FAQs

    What type of property is this?
    Shopping center - 58,750 SF shopping center with 11 retail spaces for lease.
    Where is this shopping center located?
    The property is located at 16245-16273 E Main Street Cut Off Cut Off, LA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Strategic location between Raceland and Port Fourchon, benefiting from high commuter traffic.; Redeveloped 58,750‑square‑foot shopping center with retail spaces available for lease.; Excellent accessibility: Just over an hour from New Orleans and 40 minutes from Houma.
    (225) 278-1205
    We can help!
    Listing Contact
    Elliott Scroggs
    Elliott Scroggs
    Real Estate License ID: #995712516
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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.

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    16245-16273 E Main Street | Cut Off, LA 70345, LA 70345
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