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 Market1073
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) 522-7554
Listed By:
Molli Rodriguez · License #0995687819
(337) 578-0034
Source:
Exprealty
Added: Nov 9, 2023
Changed: Oct 3
Last Checked: Oct 16 at 9:24AM
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
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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 / Yr
$5,591
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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
