Corner Storefront
For Sale
$79,000
114 E Berard St, Saint Martinville, LA 70582
Brick commercial storefront with heating and cooling, a bathroom, rear access, parking, and a storage shed.
Property Size576 SF
Price / SF$137.15
Days on Market1028
Property Features for 114 E Berard St
General Information
Standard status
Active
Size
576 SF
Additional Details
Corner Location
Yes
Listing Agency:
EXP Realty, LLC
(337) 578-0034
Listed By:
Molli Rodriguez · License #0995687819
(337) 578-0034
Source:
Exprealty
Added: Nov 9, 2023
Changed: Aug 31
Last Checked: Sep 1 at 10:54PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 576-square-foot brick storefront building offers a compact commercial layout with heating and cooling, a bathroom, rear yard access, and parking. A detached storage shed in the rear is included with the property, adding practical support space.
The building occupies a prominent corner location across from the Saint Martin Parish courthouse in Saint Martinville. Its brick construction and established civic-area setting provide a recognizable presence for storefront-oriented use.
The building occupies a prominent corner location across from the Saint Martin Parish courthouse in Saint Martinville. Its brick construction and established civic-area setting provide a recognizable presence for storefront-oriented use.
Key Highlights
- 576‑square‑foot brick storefront building
- Corner location across from the Saint Martin Parish courthouse
- Heating and cooling plus an on‑site bathroom
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
$5,591
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
7.08%
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%
$111,820
$111.8K
Cap Rate 7%
$79,871
$79.9K
Cap Rate 9%
$62,122
$62.1K
Market Conditions
NOI Build-Up for 576 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
$8.4K $14.52/SF
− Vacancy
−$376 −$0.65/SF
EGI
$8.0K $13.87/SF
− OpEx
−$2.4K −$4.16/SF
NOI
$5.6K $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%
$111,820
Cap Rate 7%
$79,871
Cap Rate 9%
$62,122
Alternative Uses
Best Use
Retail
$79.9K
$69.9K – $93.2K
NOI $5,591 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$126.5K
$110.7K – $147.6K
NOI $8,854 @ 7.0% cap · market cap 11.21%
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
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
SUBWAY
Dining
3,376 visits/mo
0.3 miles
Family Dollar
Shops & Services
2,482 visits/mo
0.3 miles
Home Bank
Shops & Services
1,887 visits/mo
0.2 miles
Whitney Bank
Shops & Services
1,306 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
888 visits/mo
0.1 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.
Similar Off Market Nearby
- Glenn’s Flower Box — 315 N Main St, St Martinville, LA 70582
Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial storefront with heating and cooling, a bathroom, rear access, parking, and a storage shed.
Where is this storefront property located?
The property is located at 114 E Berard St Saint Martinville, LA.
What is the asking price?
The asking price for this property is $79,000.
What are key features of this property?
This property features: 576‑square‑foot brick storefront building; Corner location across from the Saint Martin Parish courthouse; Heating and cooling plus an on‑site bathroom
