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    23525 Eden Street Plaquemine, LA 70764

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    For Sale
    $1,499,000

    Profitable print shop with real estate, business, and equipment.

    Type:SCR-COM, BO-OTH
    Property size:
    7,280 SF
    Lot size:
    0.31 Acres
    Added:
    Aug 8, 2024
    Days on Market:
    620
    Last Refresh:
    Apr 3 at 4:59 am

    Property Features for 23525 Eden Street

    General Information

    Standard status
    Active
    Size
    7,280 SF
    Lot size
    0.31 Acres
    Property subtype
    SCR-COM, BO-OTH

    We can help!

    Listing Contact
    David Vercher
    David Vercher

    Listing agent David Vercher License #0056494, Louisiana

    Listing office KW Commercial - BR

    Listing date Aug 8, 2024

    Source Realnex

    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 KW Commercial - BR

    Overview

    Turnkey Print Shop with Real Estate

    A profitable operating print shop is available for sale, including the real estate, business, and equipment. The facility encompasses 7,280 square feet of heated and cooled office and warehouse area, with an upstairs efficiency apartment. This turnkey operation is equipped to handle both large and small print jobs. The business benefits from its location in Iberville Parish and a staff of six employees, enabling it to secure local political, industrial safety, and municipal printing contracts. With $950,000 in gross annual sales volume and limited local competition, the business generates steady cash flow and offers potential for growth. The .31-acre lot provides adequate parking. The property is located in Flood Zone X. This offering presents an opportunity to acquire a profitable business specializing in print business, industrial contracts and political contracts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vicknair Printing Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Deelicious By Dee LLC — 58310 W W Harleaux St, Plaquemine, LA 70764

    Location Insight

    • Map
    • Local Demand
    City
    Plaquemine
    County
    Iberville
    State
    Louisiana
    Longitude
    -91.234474
    Latitude
    30.289517

    Nearby Similar for Sale

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    • $2,250,000
      17,675 SF

      Fully Leased Retail Investment Opportunity

      High-performing shopping center in Plaquemine, Louisiana, with expansion potential.
      58630 Belleview Dr, Plaquemine, LA 70764
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    • $819,303

      Commercial Property in Plaquemine, LA

      Commercial property available for sale in Plaquemine, Louisiana.
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    FAQs

    What type of property is this?
    Flex space - Profitable print shop with real estate, business, and equipment.
    Where is this flex space located?
    The property is located at 23525 Eden Street Plaquemine, LA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Profitable turnkey print shop business, real estate, and equipment included in sale.; Substantial $950,000 gross annual sales volume with upside potential.; **7,280 SF heated and cooled facility with office, warehouse, and efficiency apartment.**
    (225) 405-3257
    We can help!
    Listing Contact
    David Vercher
    David Vercher
    Real Estate License ID: 0056494, Louisiana
    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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