Storefront Property with
For Sale
$350,000
1706 S Main St, Saint Martinville, LA 70582
Compact commercial building with dedicated offices, restroom, parking, and side and rear outdoor areas.
Property Size1,375 SF
Price / SF$254.55
Days on Market95
Property Features for 1706 S Main St
General Information
Standard status
Active
Size
1,375 SF
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Jayde Landry, Blake Landry · License #995709224
Source:
Athomerealtyla
Added: May 28
Changed: Aug 29
Last Checked: Aug 25 at 4:01AM
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 Keller Williams Realty Acadiana
Investment Insights
Based on property information with market context.
This 1,375-square-foot storefront building in Saint Martinville includes two offices, one restroom, four parking spaces, and green space along the side and rear. The property currently houses A Fashion Nails Salon, providing an existing commercial setting for the current business or a future retail or service concept.
Positioned on S Main St, the building offers exposure along Main Street and convenient proximity to popular local businesses. Its straightforward layout and outdoor areas provide a practical foundation for continued salon use or repositioning within a storefront-oriented commercial setting.
Positioned on S Main St, the building offers exposure along Main Street and convenient proximity to popular local businesses. Its straightforward layout and outdoor areas provide a practical foundation for continued salon use or repositioning within a storefront-oriented commercial setting.
Key Highlights
- 1,375‑square‑foot storefront building
- Two offices and one restroom
- Four parking spaces
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
$13,347
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
3.81%
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%
$266,940
$266.9K
Cap Rate 7%
$190,671
$190.7K
Cap Rate 9%
$148,300
$148.3K
Market Conditions
NOI Build-Up for 1,375 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
$20.0K $14.52/SF
− Vacancy
−$898 −$0.65/SF
EGI
$19.1K $13.87/SF
− OpEx
−$5.7K −$4.16/SF
NOI
$13.3K $9.71/SF
Area
St. Martin County, LA
Vacancy
4.50%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
30.00%
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%
$266,940
Cap Rate 7%
$190,671
Cap Rate 9%
$148,300
Alternative Uses
Best Use
Retail
$190.7K
$166.8K – $222.5K
NOI $13,347 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.0K
$264.2K – $352.3K
NOI $21,137 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
29k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
McDonald's
Dining
12,740 visits/mo
0.3 miles
SONIC Drive In
Dining
7,806 visits/mo
0.2 miles
Chevron
Shops & Services
2,885 visits/mo
0.4 miles
Shell
Shops & Services
2,476 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
1,748 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial building with dedicated offices, restroom, parking, and side and rear outdoor areas.
Where is this storefront property located?
The property is located at 1706 S Main St Saint Martinville, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,375‑square‑foot storefront building; Two offices and one restroom; Four parking spaces
