Two-Story Short-Term Rental
For Sale
$399,500
130 S Main St, Saint Martinville, LA 70582
Renovated kitchen, original wood floors, private courtyard, and balcony overlooking the adjacent public square.
Property Size3,835 SF
Price / SF$104.17
Days on Market41
Property Features for 130 S Main St
General Information
Standard status
Active
Size
3,835 SF
Amenities
original wood floors
fully renovated kitchen
private courtyard
upstairs balcony
Building Details
Buildings
1
Stories
2
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Teresa W Rainey · License #0995691537
Source:
Athomerealtyla
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 1:10AM
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
Investment Insights
Based on property information with market context.
Located at 130 S Main St in St. Martinville, this 3,835-square-foot, two-story property is currently operated as a short-term rental for wedding guests. The building includes 4 bedrooms, 3 baths, original wood flooring, a fully renovated kitchen, large display windows, a private courtyard, and an upper-level balcony facing St. Martin de Tours square. Its layout and existing improvements support continued hospitality use while also offering flexibility for a boutique bed and breakfast, attorney’s office, retail shop, cafe, or creative workspace.
The property sits directly across from St. Martin de Tours square and the Evangeline Oak, with walkable access to nearby restaurants, shops, and attractions. Street-facing windows provide a prominent presence along S Main St, while the courtyard offers additional space for gatherings, guests, or clients.
The property sits directly across from St. Martin de Tours square and the Evangeline Oak, with walkable access to nearby restaurants, shops, and attractions. Street-facing windows provide a prominent presence along S Main St, while the courtyard offers additional space for gatherings, guests, or clients.
Key Highlights
- 3,835 SF two‑story building at 130 S Main St, St. Martinville, LA 70582
- Currently operated as a short‑term rental serving wedding guests
- 4 bedrooms and 3 baths
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
$28,530
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
7.14%
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%
$570,600
$570.6K
Cap Rate 7%
$407,571
$407.6K
Cap Rate 9%
$317,000
$317.0K
Market Conditions
NOI Build-Up for 3,835 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
$57.1K $14.88/SF
− Vacancy
−$5.2K −$1.35/SF
EGI
$51.9K $13.53/SF
− OpEx
−$23.3K −$6.09/SF
NOI
$28.5K $7.44/SF
Area
St. Martin County, LA
Vacancy
9.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
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%
$570,600
Cap Rate 7%
$407,571
Cap Rate 9%
$317,000
Alternative Uses
Best Use
Retail
$531.8K
$465.3K – $620.4K
NOI $37,225 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$407.6K
$356.6K – $475.5K
NOI $28,530 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$842.2K
$736.9K – $982.5K
NOI $58,952 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated kitchen, original wood floors, private courtyard, and balcony overlooking the adjacent public square.
Where is this short term rental property located?
The property is located at 130 S Main St Saint Martinville, LA.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: 3,835 SF two‑story building at 130 S Main St, St. Martinville, LA 70582; Currently operated as a short‑term rental serving wedding guests; 4 bedrooms and 3 baths
