Building Details

Building Size 2,846 SF

Year Built 1925

Stories 1

Listing Agency: Service First Realty Show Phone

Listed By: Debbie Goynes · License #995714340 Show Phone

Source: Bradfergusonrealestate

Added: Nov 4 Last Checked: Nov 4 at 2:17PM

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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 Service First Realty

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Investment Insights

Based on property information with market context.

Set on 4.33 acres in Glenmora, this 2,846-square-foot estate dates to 1925 and has been restored. Its period details include a columned porch, hardwood flooring, high ceilings, large windows, and historic fireplaces. Mature shade trees and maintained grounds surround the residence, with ample parking on site.

The property fronts US Highway 165 and carries residential and commercial zoning (res/co). Its mix of historic character, acreage, and dual zoning supports consideration for a range of property plans, subject to applicable requirements.

Key Highlights

• 2,846‑square‑foot restored estate built in 1925
• 4.33 acres with mature shade trees and maintained grounds
• Residential and commercial zoning (res/co)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,529

Cap Rate

7.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$510,580 $510.6K

Cap Rate 7%

$364,700 $364.7K

Cap Rate 9%

$283,656 $283.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,846 SF

Gross rent

$44.4K $15.60/SF

− Vacancy

−$3.6K −$1.25/SF

EGI

$40.8K $14.35/SF

− OpEx

−$15.3K −$5.38/SF

NOI

$25.5K $8.97/SF

Area

Rapides County, LA

Vacancy

8.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$510,580

Cap Rate 7%

$364,700

Cap Rate 9%

$283,656

Alternative Uses

Best Use

Mixed Use

$364.7K

$319.1K – $425.5K (±1% cap)

NOI $25,529 @ 7.0% cap · market cap 7.09%

Second Best

Hotel Hospitality

$246.2K

$215.5K – $287.3K (±1% cap)

NOI $17,236 @ 7.0% cap · market cap 4.79%

Theoretical Best

Office A

$784.5K

$686.5K – $915.3K (±1% cap)

NOI $54,916 @ 7.0% cap · market cap 15.25%

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 Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Butcher

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 71433, LA

4,149

Population

1,995

Households

2.1

Avg Household Size

39

Median Age

15%

College-Educated

86%

High-School Grad

159.5 sq mi

ZIP Area

26

Density / Sq Mi

$57,533

Median Household Income

$37,170

Median Earnings

$731

Median Rent

$150,500

Median Home Value

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Wholesale Nursery with Greenhouses

170 Oil Field Road, Glenmora, LA 71433

$399,000

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A restored 1925 residence with commercial and residential zoning, established grounds, and prominent US Highway 165 exposure.

Where is this mixed-use property located?

The property is located at 12456 Highway 165 Glenmora, LA.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: 2,846‑square‑foot restored estate built in 1925; 4.33 acres with mature shade trees and maintained grounds; Residential and commercial zoning (res/co)