Listing Agency: NOLA Living Realty e***@nolaliving.com Show Phone

Listed By: An Nguyen · License #995708972 Show Phone

Source: Exprealty

Added: Sep 29, 2025 Changed: Oct 4 Last Checked: Oct 16 at 12:16PM

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Investment Insights

Based on property information with market context.

This 1.3-acre mixed-use property occupies the meeting point of Goose Bayou (Bayou des Oies) and Bayou Barataria, with more than 600 feet of waterfront and multiple improvements. The property includes a 700-square-foot, one-bedroom cottage built circa 1950, featuring updated electrical circuitry, PEX water lines, hurricane-grade windows, PTAC heating and cooling, and compliance with base flood elevation requirements. Two storage buildings are also present, including one elevated structure and one slab-on-grade building.

Additional improvements include an Eastlake Camelback residence with preserved historic architectural elements, modern electrical and plumbing systems, central air, gas heat, and an Oxford Shingle roof. A former block-ice factory complex includes a two-car garage, climate-controlled residential and office space, and retained architectural details. The bayou-front pavilion adds an 80-foot covered deck, Wi-Fi-ready office, and open wharves on both sides, with parking area and marine-use potential. The site is within water access range of the expanded Barataria Unit of Jean Lafitte National Park, the Pen, Grand Isle, and the Gulf. Perrin-Lafitte Cemetery, measuring 32 x 68 feet, is excluded from the sale.

Key Highlights

• 1.3‑acre tract with 600 plus feet of waterfront at the confluence of Goose Bayou and Bayou Barataria
• Commercial UR‑1 (Unrestricted) zoning
• 700 square foot, 1 bedroom, 1 bathroom cottage built circa 1950’s

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,600

Cap Rate

8.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$792,000 $792.0K

Cap Rate 7%

$565,714 $565.7K

Cap Rate 9%

$440,000 $440.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$72.0K $24.00/SF

− Vacancy

−$8.6K −$2.88/SF

EGI

$63.4K $21.12/SF

− OpEx

−$23.8K −$7.92/SF

NOI

$39.6K $13.20/SF

Area

Jefferson County, LA

Vacancy

12.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$792,000

Cap Rate 7%

$565,714

Cap Rate 9%

$440,000

Alternative Uses

Best Use

Mixed Use

$565.7K

$495.0K – $660.0K (±1% cap)

NOI $39,600 @ 7.0% cap · market cap 8.16%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$791.5K

$692.6K – $923.4K (±1% cap)

NOI $55,404 @ 7.0% cap · market cap 11.42%

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

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Fish Market Food Market Travel Agency Restaurant

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

21

Businesses Nearby

Explore this area Business Placement

Demographics for 70067, LA

2,823

Population

1,186

Households

2.4

Avg Household Size

44

Median Age

12%

College-Educated

81%

High-School Grad

10.1 sq mi

ZIP Area

280

Density / Sq Mi

$61,183

Median Household Income

$40,938

Median Earnings

$1,326

Median Rent

$205,400

Median Home Value

Frequently Asked Questions

What type of property is this?

Mixed-use property - Multi-building commercial tract with residential, office, storage, and marine-oriented improvements along two interconnected bayous.

Where is this mixed-use property located?

The property is located at Jean-4518 - 30 Jean Lafitte Boulevard Lafitte, LA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: 1.3‑acre tract with 600 plus feet of waterfront at the confluence of Goose Bayou and Bayou Barataria; Commercial UR‑1 (Unrestricted) zoning; 700 square foot, 1 bedroom, 1 bathroom cottage built circa 1950’s