Mixed-Use Property with
For Sale
$2,250,000
2763 Court Street, Port Allen, LA 70767
Three-building commercial property combines restaurant, retail, office, and apartment spaces with established occupancy in part of the asset.
Property Size20,500 SF
Lot Size1.82 Acres
Price / SF$109.76
Days on Market536
Property Features for 2763 Court Street
General Information
Standard status
Active
Size
20,500 SF
Lot size
1.82 Acres
Property subtype
Retail
Zoning
Light Commercial
Additional Details
Highway Access
Yes
Amenities
high-visibility street signage
Power
Water
Sewer
Natural Gas
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
JRE Brokerage
(225) 753-3573
Listed By:
Troy Daigle · License #44286
(225) 753-3573
Source:
Lacdb.resimplifi
Added: Mar 12, 2025
Changed: Aug 28
Last Checked: Aug 28 at 2:37PM
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 JRE Brokerage
Investment Insights
Based on property information with market context.
This mixed-use property spans 1.82 +/- acres and includes three separate buildings totaling 20,500 square feet. The improvements comprise a 5,800-square-foot freestanding restaurant that is vacant, a 7,500-square-foot strip center with retail, restaurant, and office space that is partially occupied, and a 7,200-square-foot multifamily building containing eight one-bedroom apartments. The apartments are 100% occupied.
Located at 2763 Court Street in Port Allen, the property is positioned just off Lobdell Highway (LA 415), with access to I-10 and Hwy. 90. On-site parking serves tenants, customers, and visitors, while street signage provides property identification. A vacant greenspace is also included within the site.
Located at 2763 Court Street in Port Allen, the property is positioned just off Lobdell Highway (LA 415), with access to I-10 and Hwy. 90. On-site parking serves tenants, customers, and visitors, while street signage provides property identification. A vacant greenspace is also included within the site.
Key Highlights
- 1.82 +/- acres with three commercial and multifamily buildings
- 20,500 total square feet across the property
- 5,800‑square‑foot freestanding restaurant building; vacant
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
$191,880
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
8.53%
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%
$3,837,600
$3.8M
Cap Rate 7%
$2,741,143
$2.7M
Cap Rate 9%
$2,132,000
$2.1M
Market Conditions
NOI Build-Up for 20,500 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
$319.8K $15.60/SF
− Vacancy
−$12.8K −$0.62/SF
EGI
$307.0K $14.98/SF
− OpEx
−$115.1K −$5.62/SF
NOI
$191.9K $9.36/SF
Area
West Baton Rouge County, LA
Vacancy
4.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$3,837,600
Cap Rate 7%
$2,741,143
Cap Rate 9%
$2,132,000
Alternative Uses
Best Use
Specialty Retail
$4.91M
$4.30M – $5.73M
NOI $343,669 @ 7.0% cap · market cap 15.27%
Second Best
Retail
$4.58M
$4.01M – $5.35M
NOI $320,758 @ 7.0% cap · market cap 14.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Explore this area
Business Placement
Demographics for 70767, LA
15,309
Population
6,817
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
152.6 sq mi
ZIP Area
100
Density / Sq Mi
$71,964
Median Household Income
$45,069
Median Earnings
$934
Median Rent
$197,100
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?
Mixed-use property - Three-building commercial property combines restaurant, retail, office, and apartment spaces with established occupancy in part of the asset.
Where is this mixed-use property located?
The property is located at 2763 Court Street Port Allen, LA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 1.82 +/- acres with three commercial and multifamily buildings; 20,500 total square feet across the property; 5,800‑square‑foot freestanding restaurant building; vacant
