Downtown Retail
207 Saint John Street Madisonville, LA 70447
207 Saint John Street, Madisonville, LA, 70447
$525,000
For Sale
$525,000
Well-maintained retail building with a 2023 metal roof and two electric meters for flexible occupancy.
Property Size2,900 SF
Price / SF$181.03
Days on Market19
Property Features for 207 Saint John Street
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Commercial
Listing agency
K2 Realty LLC
(985) 234-9930
Listed by
Scott St. Romain
Source
Nolalivingrealty
Added: Jul 3 Updated: Jul 21 at 6:51AM Checked: Jul 21 at 6:51AM
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 K2 Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained retail building offers flexible space for investor or owner-user needs. A new metal roof was installed in 2023, and the property includes two municipal addresses and two separate electric meters. While it is currently configured as a single tenant, it can be converted back into two retail or office suites.
The building is located in downtown Madisonville along a major corridor connecting Madisonville, Mandeville, Covington, and Interstate 12, supporting strong visibility and accessibility.
For convenience in planning, the layout supports reconfiguration into two approximately 1,450-square-foot suites, with the possibility that the current tenant may be willing to remain.
The building is located in downtown Madisonville along a major corridor connecting Madisonville, Mandeville, Covington, and Interstate 12, supporting strong visibility and accessibility.
For convenience in planning, the layout supports reconfiguration into two approximately 1,450-square-foot suites, with the possibility that the current tenant may be willing to remain.
Key Highlights
- Well‑maintained downtown Madisonville retail building along a major corridor with strong traffic exposure and accessibility
- New metal roof installed in 2023
- Two municipal addresses and two separate electric meters support flexible occupancy options
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.7k | $19.56 |
| − Vacancy | −$12.8k | −$4.43 |
| EGI | $43.9k | $15.13 |
| − OpEx | −$11.0k | −$3.78 |
| NOI | $32.9k | $11.35 |
2,900 SF · lease $19.56/SF/yr · vacancy 22.65% · expense 25.00%
Alternative Uses
Best Use
Office B
$470.1K
$411.3K – $548.5K
NOI $32,907 @ 7.0% cap · market cap 6.27%
Second Best
Retail
$415.4K
$363.5K – $484.7K
NOI $29,080 @ 7.0% cap · market cap 5.54%
Theoretical Best
Multifamily LT 5
$31.26M
$27.35M – $36.47M
NOI $2,188,363 @ 7.0% cap · market cap 416.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Well-maintained retail building with a 2023 metal roof and two electric meters for flexible occupancy.
Where is this storefront property located?
The property is located at 207 Saint John Street Madisonville, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Well‑maintained downtown Madisonville retail building along a major corridor with strong traffic exposure and accessibility; New metal roof installed in 2023; Two municipal addresses and two separate electric meters support flexible occupancy options
