Recently Remodeled 5-Unit
For Sale
$750,000
3447 Highway 1, Grand Isle, LA 70358
Commercial Sale, Grand Isle, LA
Property Size3,840 SF
Lot Size0.35 Acres
Price / SF$195.31
Days on Market97
Property Features for 3447 Highway 1
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Oak Lawn
Directions
Drive South on LA 1 to Grand Isle; when exiting the Grand Isle Bridge continue South to mile marker 2.8; continue South for 2 more streets; 3447 is on corner of Hwy 1 & Minnich Ln.
Standard status
Active
Size
3,840 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
Parts of Lots 1-B 2-B 3-B Meas 127.7 Ft on GI Hwy St Route #620 x 132.8 Ft on West Side x 106.63 Ft on East Side x 125 Ft in Width Oak Lawn Sub
Legal Description
Parts of Lots 1-B 2-B 3-B Meas 127.7 Ft on GI Hwy St Route #620 x 132.8 Ft on West Side x 106.63 Ft on East Side x 125 Ft in Width Oak Lawn Sub
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
Gulf views
welcoming common area
dedicated fish-cleaning station
Building Details
Building materials
Frame, Metal Const
Roof type
Metal
Listing Agency:
Island Realty
(985) 787-2747
Listed By:
Sadie Galiano · License #73867
(504) 352-8840
Added: Jun 1
Changed: Aug 19
Last Checked: Sep 5 at 7:06AM
MLS# 2026010277
Copyright © 2026 Bayou Board of Realtors. 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 recently remodeled motel contains 5 units within a 3,840-square-foot frame and metal construction property on 0.35 acres. The layout supports both short-term vacation stays and long-term rentals, with a shared common area and a dedicated fish-cleaning station. Central heating, central air, ceiling fans, a metal roof, public water, and private sewer serve the property.
Located at 3447 Highway 1 in Grand Isle, the motel is near grocery stores, bars, restaurants, and the beach. Gulf views add a coastal setting, while the property’s hospitality configuration accommodates guests visiting the island for vacation and fishing activities.
Located at 3447 Highway 1 in Grand Isle, the motel is near grocery stores, bars, restaurants, and the beach. Gulf views add a coastal setting, while the property’s hospitality configuration accommodates guests visiting the island for vacation and fishing activities.
Key Highlights
- 5‑unit motel with 3,840 square feet of property size
- Recently remodeled property ready for operation
- 0.35 acres at 3447 Highway 1, Grand Isle, LA 70358
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
$21,341
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
2.85%
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%
$426,820
$426.8K
Cap Rate 7%
$304,871
$304.9K
Cap Rate 9%
$237,122
$237.1K
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
$69.1K $18.00/SF
− Vacancy
−$24.2K −$6.30/SF
EGI
$44.9K $11.70/SF
− OpEx
−$23.6K −$6.14/SF
NOI
$21.3K $5.56/SF
Area
Jefferson County, LA
Vacancy
35.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$426,820
Cap Rate 7%
$304,871
Cap Rate 9%
$237,122
Alternative Uses
Best Use
Hotel Hospitality
$304.9K
$266.8K – $355.7K
NOI $21,341 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
136
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
Questions? Ask Rey
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Similar Off Market Nearby
- Camp Laid Back — 2911 LA-1, Grand Isle, LA 70358
- Grand Isle Beach at Aurora Lane — 2950 LA-1, Grand Isle, LA 70358
- Grand Isle Beach Santiny Lane — 3000 LA-1, Grand Isle, LA 70358
- Tarpon Lounger B&B — 3006 LA-1, Grand Isle, LA 70358
- Grand Isle Beach Capital Lane — Grand Isle, LA 70358
Frequently Asked Questions
What type of property is this?
Motel - Recently remodeled motel with Gulf views, a common area, 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 with 3,840 square feet of property size; Recently remodeled property ready for operation; 0.35 acres at 3447 Highway 1, Grand Isle, LA 70358
