Spa & Wellness Property with
For Sale
$350,000
1706 S Main Street, Saint Martinville, LA 70582
Commercial Sale, St. Martinville, LA
Property Size1,375 SF
Lot Size0.24 Acres
Price / SF$254.55
Days on Market234
Property Features for 1706 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
4
Parking features
Parking Lot, Off Street
Exterior features
Door Sign, Roof Sign
Lot features
Level
Directions
From Lafayette: Hwy 90 to LA 182/Cade/St Martinville exit. turn left onto Smede Hwy, 3rd exit at roundabout to Hwy 31 into St Martinville. Go .9 miles, property will be on the left
Subdivision
M2
Standard status
Active
APN
17201i1964
Size
1,375 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
LOT: 30' X 67' FOOD & FUN, LEACH, LEACH, LEACH (BEING A PORTION OF PARCEL ''B'' PER PLAT OF SURVEY #182443)COB: 767-725-182443 1062-046-244400 1259-080-284848 1533-757-423757 LOT: 7,343 SQ. FT. (MORE OR LESS) FOOD-N-FUN & PHAM, LEACH & PHAM, EVANGELINE
Legal Description
LOT: 30' X 67' FOOD & FUN, LEACH, LEACH, LEACH (BEING A PORTION OF PARCEL ''B'' PER PLAT OF SURVEY #182443)COB: 767-725-182443 1062-046-244400 1259-080-284848 1533-757-423757 LOT: 7,343 SQ. FT. (MORE OR LESS) FOOD-N-FUN & PHAM, LEACH & PHAM, EVANGELINE
Utilities
Sewer type
Private Sewer
Heating system
Heat Pump (Heating), Natural Gas, Central
Cooling system
Central Air
Water source
Public
Amenities
two offices
one restroom
green space
Building Details
Floors in Building
1
Flooring type
Tile - Ceramic
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Jayde Landry · License #995709224
(337) 501-9988
Added: Feb 4
Changed: Sep 12
Last Checked: Sep 26 at 6:06AM
MLS# 2600000688
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,375-square-foot commercial property is configured for a salon or other service-oriented business, with two offices, one restroom, ceramic tile flooring, central air, and central natural-gas heat. The building has a metal roof, public water, private sewer, and four parking spaces. Door and roof signage are already in place, and green space extends along the side and rear of the parcel.
Positioned at 1706 S Main Street in St. Martinville, the property offers a storefront setting with visibility along Main Street and proximity to local businesses. Commercial zoning supports the current service use, while the existing layout can accommodate a future retail or service concept.
Positioned at 1706 S Main Street in St. Martinville, the property offers a storefront setting with visibility along Main Street and proximity to local businesses. Commercial zoning supports the current service use, while the existing layout can accommodate a future retail or service concept.
Key Highlights
- 1,375 square feet of commercial building space
- 0.24‑acre parcel at 1706 S Main Street, St. Martinville, LA 70582
- Two offices and one restroom
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
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Dollar General
Shops & Services
6,300 visits/mo
0.1 miles
Watermill Express
Shops & Services
1,349 visits/mo
0.1 miles
Pizza Hut
Dining
1,220 visits/mo
0.1 miles
Wingstreet
Dining
449 visits/mo
0.1 miles
Fred's Super Dollar
Shops & Services
161 visits/mo
0.4 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Commercial zoning, on-site parking, and a two-office layout support salon, wellness, or other service-oriented occupancy.
Where is this spa & wellness property located?
The property is located at 1706 S Main Street 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 feet of commercial building space; 0.24‑acre parcel at 1706 S Main Street, St. Martinville, LA 70582; Two offices and one restroom
