Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development Acreage North of Thibodaux Title is generated by Realmo AI

    391 Highway 20, Thibodaux, LA 70301

    View on Map
    Claim this Listing
    For Sale
    $1,146,000

    COMMERCIAL - Thibodaux, LA

    Lot size:
    38.20 Acres
    Added:
    Feb 28, 2024
    Days on Market:
    829
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 391 Highway 20

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    38.20 Acres

    Taxes and HOA fees

    Tax Description
    +/- 38.2 Acre tract of St. James Plantation, LLC west of Hwy. 20

    Utilities

    Utilities
    Cable Available
    Water front features
    Waterfront

    We can help!

    Listing Contact
    Hank Babin
    Hank Babin

    Listing agent Hank Babin License #37498

    Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA

    Listing date Feb 28, 2024

    MLS# 2024003511 Listing URL

    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.

    HighLights

    • Acreage for development: Two tracts, each slightly more than 38 acres.
    • Prime location: Situated just North of Thibodaux on LA Highway 20.
    • Residential development potential.
    • Proximity to Chackbay Elementary School (1/4 mile to the North).
    • Chackbay Fire Department station located directly on Highway 20.
    • Approximately 1,795' of frontage on Hwy 20.

    Overview

    Two development tracts, each slightly more than 38 acres, are available north of Thibodaux on LA Highway 20. The tracts are positioned for residential development, with the new Chackbay Elementary School located approximately 1/4 mile to the north. A Chackbay Fire Department station is situated directly in front on Highway 20 to the south. One tract, located at approximately 391 LA Highway 20, consists of approximately 38.2 acres and is listed for $1,246,000.00. This tract features approximately 1,795' of frontage on Hwy 20.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thibodaux
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.815901
    Latitude
    29.765887

    Nearby Similar for Sale

    • $450,000
      2,900 SF

      Thibodaux Commercial Building on Corner Lot

      Freestanding 2900 SF commercial building on 0.53 acre corner lot.
      103 Ridgefield Road, Thibodaux, LA 70301
      View Details
    • $680,000
      9,112 SF

      Historic Ice House Opportunity

      Refreshed Thibodaux landmark with modern capability and development potential.
      700 Saint Patrick St, Thibodaux, LA 70301
      View Details
    • $4,500
      2,900 SF

      Thibodaux Commercial Building on Corner Lot

      Freestanding 2900 SF commercial building on 0.53 acre corner lot.
      103 Ridgefield Road, Thibodaux, LA 70301
      View Details
    • $335,000
      2,720 SF

      Former Bank Branch with Drive-Thru

      Former bank branch on a corner with an operational pneumatic drive-thru and ample parking for service-oriented businesses.
      801 Saint Mary St, Thibodaux, LA 70301
      View Details
    • $1,450,000
      9,293 SF

      Historic Landmark in Thibodaux, LA

      Iconic, renovated 9,293 SF commercial property in Thibodaux's Historic District.
      405 W 3rd Street, Thibodaux, LA 70301
      View Details
    • $85,000
      1,123 SF

      Thibodaux Commercial Property For Sale

      Iconic commercial property with drive-up and food service build-out.
      1604 Canal Blvd, Thibodaux, LA 70301
      View Details
    • $110,000
      1,568 SF

      Thibodaux Car Wash For Sale

      Car wash with high visibility, excellent for owner-operator or investor.
      600 Parish Rd, Thibodaux, LA 70301
      View Details
    • $299,900
      2,946 SF

      Thibodaux Office Building For Sale

      Freestanding office building in a high-traffic, central business district.
      906 Canal Blvd, Thibodaux, LA 70301
      View Details
    • $230,000
      5,096 SF

      Thibodaux Multifamily Income Opportunity

      Four-unit multifamily property in Thibodaux, LA, with steady rental income.
      1039 General Nicholls, Thibodaux, LA 70301
      View Details
    • $265,000
      2,369 SF

      Thibodaux Multi-Family Property For Sale

      Two homes plus a storage building on a large lot.
      1016 People Street, Thibodaux, LA 70301
      View Details
    • $205,000

      Development-Ready Lot in Thibodaux

      Generous lot with concrete slab, utilities, and shop structure.
      814 Forty Arpent Rd lot: 7 & 8, Thibodaux, LA 70301
      View Details
    • $198,500
      2,493 SF

      Thibodaux Triplex Investment Opportunity

      Three vacant homes, ready for tenants, with carports.
      1033 General Nicholls, Thibodaux, LA 70301
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two 38-acre tracts suitable for residential development near Thibodaux.
    Where is this residential land & home lot located?
    The property is located at 391 Highway 20 Thibodaux, LA.
    What is the asking price?
    The asking price for this property is $1,146,000.
    What are key features of this property?
    This property features: Acreage for development: Two tracts, each slightly more than 38 acres.; Prime location: Situated just North of Thibodaux on LA Highway 20.; Residential development potential.
    (985) 804-9991
    We can help!
    Listing Contact
    Hank Babin
    Hank Babin
    Real Estate License ID: 37498
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    391 Highway 20, Thibodaux, LA 70301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!