Full-Service Marina With Boat
For Sale
$6,900,000
161 Marina Road, Port Sulphur, LA 70083
Waterfront marina with retail, dining, fuel, launch, dockage, storage, and canal access supporting multiple operating components.
Property Size23,164 SF
Days on Market148
Property Features for 161 Marina Road
General Information
Standard status
Active
Size
23,164 SF
Property subtype
Special Purpose
Building Details
Building Size
23,164 SF
Listing Agency:
SVN Safe Haven Advisors
(561) 723-8463
Listed By:
David Kendall, CCIM
Source:
Svn
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 9:41PM
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 SVN Safe Haven Advisors
Investment Insights
Based on property information with market context.
This full-service marina includes a two-story building with a bait and retail shop on the ground floor and a restaurant and bar above. The operation also features 120 boat-storage units across three buildings, including two newer sheds, plus a double-wide automated launch, expanded concrete pads, fuel docks, and protected slips on Wilkinson Canal. An on-site duplex overlooks the marina basin, while the property includes more than 40 acres, platted residential lots, and highway-front land.
The property extends along Highway 23 with 1,500 feet of frontage and reported daily traffic exceeding 9,300 vehicles. It is four miles from the Venture Global Plaquemines LNG facility and provides direct water access to Wilkinson Canal, surrounding marshes, and the Gulf. Ownership includes more than eight miles of Wilkinson Canal reaching into the marsh.
Revenue-producing components include storage, slip rentals, fuel, bait and retail, launches, and industrial and residential leases along the canal. The property is fully permitted for fuel, seafood, alcohol, and gaming operations, with room for additional slips, boat sheds, retail, residential, or commercial uses.
The property extends along Highway 23 with 1,500 feet of frontage and reported daily traffic exceeding 9,300 vehicles. It is four miles from the Venture Global Plaquemines LNG facility and provides direct water access to Wilkinson Canal, surrounding marshes, and the Gulf. Ownership includes more than eight miles of Wilkinson Canal reaching into the marsh.
Revenue-producing components include storage, slip rentals, fuel, bait and retail, launches, and industrial and residential leases along the canal. The property is fully permitted for fuel, seafood, alcohol, and gaming operations, with room for additional slips, boat sheds, retail, residential, or commercial uses.
Key Highlights
- More than 40 acres with 1,500 feet of Highway 23 frontage
- 120 boat‑storage units across three buildings, including two newer sheds
- Two‑story marina building with bait and retail shop, restaurant, and bar
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
$392,268
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
5.69%
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%
$7,845,360
$7.8M
Cap Rate 7%
$5,603,829
$5.6M
Cap Rate 9%
$4,358,533
$4.4M
Market Conditions
NOI Build-Up for 23,164 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
$533.7K $23.04/SF
− Vacancy
−$10.7K −$0.46/SF
EGI
$523.0K $22.58/SF
− OpEx
−$130.8K −$5.64/SF
NOI
$392.3K $16.93/SF
Area
Plaquemines County, LA
Vacancy
2.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$7,845,360
Cap Rate 7%
$5,603,829
Cap Rate 9%
$4,358,533
Alternative Uses
Best Use
Specialty Retail
$5.60M
$4.90M – $6.54M
NOI $392,268 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.11M
$5.35M – $7.13M
NOI $427,793 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 70083, LA
2,307
Population
877
Households
2.6
Avg Household Size
42
Median Age
10%
College-Educated
77%
High-School Grad
129.2 sq mi
ZIP Area
18
Density / Sq Mi
$66,250
Median Household Income
$45,147
Median Earnings
$89,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Marina - Waterfront marina with retail, dining, fuel, launch, dockage, storage, and canal access supporting multiple operating components.
Where is this marina located?
The property is located at 161 Marina Road Port Sulphur, LA.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: More than 40 acres with 1,500 feet of Highway 23 frontage; 120 boat‑storage units across three buildings, including two newer sheds; Two‑story marina building with bait and retail shop, restaurant, and bar
