Building Details

Year Built 1976

Listing Agency: NOLA Living Realty h***@aol.com Show Phone

Listed By: Tony Smith · License #995694535 Show Phone

Source: Exprealty

Added: Mar 24 Changed: Oct 2 Last Checked: Oct 20 at 8:47PM

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Investment Insights

Based on property information with market context.

A 17-unit motel constructed in 1976, offering approximately 3,300 square feet of rentable area. The property includes a 2,146-square-foot owner/manager’s suite with three bedrooms and three bathrooms, plus a large dedicated room for motel operations. The motel was fully remodeled following Hurricane Ida and was fitted with a new roof.

The property is located in the heart of Boutte, Louisiana, just a few hundred feet from Walgreens, Majoria’s Supermarket, and The Village Shopping Center.

This configuration combines on-site resident space with a dedicated operations area, supporting day-to-day motel management within the same facility.

Key Highlights

• 17‑unit motel with approximately 3,300 SF of rentable area
• Built in 1976 and fully remodeled after Hurricane Ida
• Includes a 2,146 SF owner/manager’s suite with 3 bedrooms and 3 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,340

Cap Rate

2.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$366,800 $366.8K

Cap Rate 7%

$262,000 $262.0K

Cap Rate 9%

$203,778 $203.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$59.4K $18.00/SF

− Vacancy

−$20.8K −$6.30/SF

EGI

$38.6K $11.70/SF

− OpEx

−$20.3K −$6.14/SF

NOI

$18.3K $5.56/SF

Area

St. Charles County, LA

Vacancy

35.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$366,800

Cap Rate 7%

$262,000

Cap Rate 9%

$203,778

Alternative Uses

Best Use

Hotel Hospitality

$262.0K

$229.3K – $305.7K (±1% cap)

NOI $18,340 @ 7.0% cap · market cap 2.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$870.6K

$761.8K – $1.02M (±1% cap)

NOI $60,944 @ 7.0% cap · market cap 9.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Motels

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Storage Facility Law Firm Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

17

Residential units

Location Intelligence

Trade Area within ½ mile

252

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 70039, LA

2,800

Population

834

Households

3.4

Avg Household Size

34

Median Age

16%

College-Educated

87%

High-School Grad

13.4 sq mi

ZIP Area

209

Density / Sq Mi

$77,868

Median Household Income

$24,970

Median Earnings

$1,232

Median Rent

$243,100

Median Home Value

Similar Off Market Nearby

• Southern Inn — 13468 US-90, Boutte, LA 70039
• Budget Inn Motel — 143 Myrtle St, Boutte, LA 70039
• Boost — Boutte, LA 70039, United States
• Traila en Luisiana — 13448 US-90, Boutte, LA 70039

Frequently Asked Questions

What type of property is this?

Motel - Remodeled 17-unit motel with dedicated operations room and an owner/manager suite built in 1976.

Where is this motel located?

The property is located at 13468 Highway 90 Boutte, LA.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 17‑unit motel with approximately 3,300 SF of rentable area; Built in 1976 and fully remodeled after Hurricane Ida; Includes a 2,146 SF owner/manager’s suite with 3 bedrooms and 3 bathrooms