Two-Story Short-Term Rental
For Sale
$399,500
130 S Main Street, Saint Martinville, LA 70582
COMMERCIAL - St. Martinville, LA
Property Size3,835 SF
Lot Size0.35 Acres
Price / SF$104.17
Days on Market482
Property Features for 130 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Exterior features
Door Sign, Fully Fenced, Roof Sign
Fencing
Full
Lot features
Level, Interior Lot
Directions
Take Hwy 90 to LA-182 and exit. Merge onto E Main Street. Turn left onto LA-96 E. Turn left onto S Main Street. Home will be on your left.
Subdivision
M2
Standard status
Active
APN
45064
Size
3,835 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
LOT: BOULET ALS, MAIN ST., BIENVENU ALS, WASHINGTON ST.COB: 709-088-168394 1213-433-274603 1752-243-505299 1889-047-562861
Legal Description
LOT: BOULET ALS, MAIN ST., BIENVENU ALS, WASHINGTON ST.COB: 709-088-168394 1213-433-274603 1752-243-505299 1889-047-562861
Utilities
Heating system
Electric (Heating), Central
Cooling system
Ceiling Fan(s), Window Unit(s)
Water source
Public
Amenities
private courtyard
upstairs balcony
large display windows
original wood floors
fully renovated kitchen
Building Details
Floors in Building
2
Flooring type
Tile, Wood
Roof type
Metal
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Teresa W Rainey · License #0995691537
(337) 366-1454
Added: Apr 28, 2025
Changed: Aug 4
Last Checked: Aug 22 at 7:06PM
MLS# 2020023385
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story New Orleans-style commercial building is currently operating as a short-term rental and includes four bedrooms and three bathrooms. Interior features include original wood floors and a fully renovated kitchen. Outdoor space is a private courtyard, and there is also an upstairs balcony overlooking the square.
The property is located on S Main Street in St. Martinville and is described as being directly across from St. Martin de Tours square and the Evangeline Oak, with large display windows fronting the main street.
With its existing layout and street-facing frontage, the building supports flexible commercial uses consistent with the current configuration, including hospitality and other retail or workspace concepts.
The property is located on S Main Street in St. Martinville and is described as being directly across from St. Martin de Tours square and the Evangeline Oak, with large display windows fronting the main street.
With its existing layout and street-facing frontage, the building supports flexible commercial uses consistent with the current configuration, including hospitality and other retail or workspace concepts.
Key Highlights
- Two‑story New Orleans‑style building in historic downtown St. Martinville
- Operates as a short‑term rental; 4 bedrooms and 3 baths
- Original wood floors with tile flooring, plus a fully renovated kitchen
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
Apartment 5plus
$407.6K
$356.6K – $475.5K
NOI $28,530 @ 7.0% cap · market cap 7.14%
Second Best
Hotel Hospitality
$281.1K
$245.9K – $327.9K
NOI $19,674 @ 7.0% cap · market cap 4.92%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Old Castillo Bed & Breakfast — 220 Evangeline Blvd, St Martinville, LA 70582
- Bienvenue House Bed and Breakfast — 421 N Main St, St Martinville, LA 70582
- Rocky Landry — 318 e port st, st martinville, la 70582
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Two-story building with large display windows, courtyard, and balcony, currently operating as a short-term rental.
Where is this bed & breakfast located?
The property is located at 130 S Main Street 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: Two‑story New Orleans‑style building in historic downtown St. Martinville; Operates as a short‑term rental; 4 bedrooms and 3 baths; Original wood floors with tile flooring, plus a fully renovated kitchen
