Listing Agency: Robins Real Estate, LLC

Listed By: Stacie R Sibille · License #995681483 Show Phone

Source: Athomerealtyla

Added: Sep 16 Changed: Oct 25 Last Checked: Oct 7 at 2:23PM

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Investment Insights

Based on property information with market context.

This mixed-use property on 6.354 acres includes a 10,968-square-foot entertainment facility with an open event layout, commercial-grade kitchen, soundproofed room, and installed lighting. The primary building is suited to gatherings, live performances, private functions, or food-service operations. Updated utilities support commercial activity.

Two additional climate-controlled buildings expand the property’s functional range. One contains three private offices, while the other provides open interior space for storage, workshop, or creative applications. The site also includes a one-bedroom, one-bath studio home, an active Airbnb unit, and nine RV hookups, along with on-site parking for guests, staff, and equipment. Located at 238 Napoleon Ave in Sunset, Louisiana, the property combines event, office, residential, and short-term rental components in one commercial setting.

Key Highlights

• 10,968‑square‑foot entertainment facility on 6.354 acres
• Commercial‑grade kitchen with soundproofed room and installed event lighting
• Two additional climate‑controlled buildings, including one with 3 private offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,955

Cap Rate

7.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,379,100 $1.4M

Cap Rate 7%

$985,071 $985.1K

Cap Rate 9%

$766,167 $766.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,253 SF

Gross rent

$107.7K $6.24/SF

− Vacancy

−$9.2K −$0.53/SF

EGI

$98.5K $5.71/SF

− OpEx

−$29.6K −$1.71/SF

NOI

$69.0K $4.00/SF

Area

St. Landry County, LA

Vacancy

8.50%

Lease Rate

$6.24 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,379,100

Cap Rate 7%

$985,071

Cap Rate 9%

$766,167

Alternative Uses

Best Use

Specialty Retail

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,497 @ 7.0% cap · market cap 18.71%

Second Best

Mixed Use

$1.56M

$1.37M – $1.82M (±1% cap)

NOI $109,406 @ 7.0% cap · market cap 12.22%

Theoretical Best

Office A

$2.60M

$2.28M – $3.04M (±1% cap)

NOI $182,192 @ 7.0% cap · market cap 20.36%

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

Property Analytics

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Open Analytics

Current Use

Astros Kingdom Travel ... Hotel & Motel Astros Production Studio ... Recording Studio Astros Studios Film Production

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Parts Store Restaurant Garden Center Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

26

Businesses Nearby

Explore this area Business Placement

Demographics for 70584, LA

7,471

Population

2,698

Households

2.8

Avg Household Size

38

Median Age

21%

College-Educated

82%

High-School Grad

34.6 sq mi

ZIP Area

216

Density / Sq Mi

$70,327

Median Household Income

$43,497

Median Earnings

$1,037

Median Rent

$184,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Multi-structure commercial property with event space, a commercial kitchen, offices, residential units, and RV hookups.

Where is this mixed-use property located?

The property is located at 238 Napoleon Ave Sunset, LA.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: 10,968‑square‑foot entertainment facility on 6.354 acres; Commercial‑grade kitchen with soundproofed room and installed event lighting; Two additional climate‑controlled buildings, including one with 3 private offices