Remodeled 5-Unit
For Sale
$750,000
3447 Highway 1, Grand Isle, LA 70358
Coastal lodging property with Gulf views, shared guest space, and a dedicated fish-cleaning station.
Property Size3,840 SF
Price / SF$195.31
Days on Market48
Property Features for 3447 Highway 1
General Information
Standard status
Active
Size
3,840 SF
Additional Details
Business Included
Yes
Amenities
Gulf views
welcoming common area
dedicated fish-cleaning station
Listing Agency:
Island Realty
Listed By:
Sadie Galiano · License #73867
(504) 352-8840
Source:
Smithsquared
Added: Aug 10
Changed: Sep 14
Last Checked: Sep 24 at 1:53PM
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 Island Realty
Investment Insights
Based on property information with market context.
This 5-unit motel at 3447 Highway 1 in Grand Isle, Louisiana, has been recently remodeled and is configured to accommodate both short-term vacation guests and long-term renters. The property includes a common area, Gulf views, and a dedicated fish-cleaning station, supporting guest stays connected to the island’s coastal setting.
The motel is located near grocery stores, bars, restaurants, and the beach. Its operating format serves both vacation and extended-stay demand, while the remodeled condition allows the property to be used as a hospitality asset without describing additional renovation requirements.
The motel is located near grocery stores, bars, restaurants, and the beach. Its operating format serves both vacation and extended-stay demand, while the remodeled condition allows the property to be used as a hospitality asset without describing additional renovation requirements.
Key Highlights
- 5‑unit motel on Highway 1 in Grand Isle, Louisiana
- Recently remodeled property configured for hospitality use
- Accommodates short‑term vacation guests and long‑term renters
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
$39,394
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
5.25%
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%
$787,880
$787.9K
Cap Rate 7%
$562,771
$562.8K
Cap Rate 9%
$437,711
$437.7K
Market Conditions
NOI Build-Up for 3,840 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
$78.8K $20.52/SF
− Vacancy
−$7.2K −$1.87/SF
EGI
$71.6K $18.65/SF
− OpEx
−$32.2K −$8.39/SF
NOI
$39.4K $10.26/SF
Area
Jefferson County, LA
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
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%
$787,880
Cap Rate 7%
$562,771
Cap Rate 9%
$437,711
Alternative Uses
Best Use
Apartment 5plus
$562.8K
$492.4K – $656.6K
NOI $39,394 @ 7.0% cap · market cap 5.25%
Second Best
Hotel Hospitality
$304.9K
$266.8K – $355.7K
NOI $21,341 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.01M
$886.5K – $1.18M
NOI $70,917 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70358, LA
1,005
Population
1,703
Households
0.6
Avg Household Size
51
Median Age
24%
College-Educated
87%
High-School Grad
6.5 sq mi
ZIP Area
155
Density / Sq Mi
$43,707
Median Earnings
$1,118
Median Rent
$266,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Similar Off Market Nearby
- Loft on the Bay — Grand Isle, LA 70358
- Sandpiper Shores Motel — 2366 LA-1, Grand Isle, LA 70358
- Skip A Beat — 110 Strawberry Ln, Grand Isle, LA 70358
- Reel Saints — 123 Strawberry Ln, Grand Isle, LA 70358
- Blue Dolphin Inn & Cottages — 2504 LA-1, Grand Isle, LA 70358
Frequently Asked Questions
What type of property is this?
Motel - Coastal lodging property with Gulf views, shared guest space, and a dedicated fish-cleaning station.
Where is this motel located?
The property is located at 3447 Highway 1 Grand Isle, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5‑unit motel on Highway 1 in Grand Isle, Louisiana; Recently remodeled property configured for hospitality use; Accommodates short‑term vacation guests and long‑term renters
