Leased Storefront Retail
For Sale
$680,000
41012 Hwy 42, Prairieville, LA 70769
Occupied retail building with on-site parking and an established tenant in place.
Property Size2,800 SF
Days on Market89
Property Features for 41012 Hwy 42
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
14,050 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
Ample on-site parking
Building Details
Building Size
2,800 SF
Buildings
1
Listing Agency:
(225) 938-3148
Listed By:
Lindsay Redhead, MBA
(225) 938-3148
Source:
Elifinrealty
Added: Jun 3
Changed: Aug 29
Last Checked: Aug 29 at 5:10PM
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 Lindsay Redhead, MBA
Investment Insights
Based on property information with market context.
This leased storefront retail property contains approximately 2,800 SF and is positioned at a signalized intersection formed by Hwy 42 and Billy Blvd. The building is configured for retail use and includes on-site parking.
The property is located at 41012 Hwy 42 in Prairieville, Louisiana, where the intersection records approximately 14,050 daily traffic. Walmart and Dollar General are among the national and local retailers surrounding the site. A long-term tenant is currently in place, providing an existing occupancy profile for the property.
The property is located at 41012 Hwy 42 in Prairieville, Louisiana, where the intersection records approximately 14,050 daily traffic. Walmart and Dollar General are among the national and local retailers surrounding the site. A long-term tenant is currently in place, providing an existing occupancy profile for the property.
Key Highlights
- ±2,800 SF leased retail property
- Signalized intersection at Hwy 42 and Billy Blvd
- ±14,050 daily traffic at the intersection
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
$26,460
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
3.89%
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%
$529,200
$529.2K
Cap Rate 7%
$378,000
$378.0K
Cap Rate 9%
$294,000
$294.0K
Market Conditions
NOI Build-Up for 2,800 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
$42.0K $15.00/SF
− Vacancy
−$4.2K −$1.50/SF
EGI
$37.8K $13.50/SF
− OpEx
−$11.3K −$4.05/SF
NOI
$26.5K $9.45/SF
Area
Ascension County, LA
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$529,200
Cap Rate 7%
$378,000
Cap Rate 9%
$294,000
Alternative Uses
Best Use
Retail
$378.0K
$330.8K – $441.0K
NOI $26,460 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.4K
$537.6K – $716.8K
NOI $43,008 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,050 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,506 visits/mo
0.1 miles
Demographics for 70769, LA
46,671
Population
17,557
Households
2.7
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
47.9 sq mi
ZIP Area
974
Density / Sq Mi
$114,707
Median Household Income
$59,552
Median Earnings
$1,245
Median Rent
$295,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- House of Redd's Florist, Inc — 40235 LA-42, Prairieville, LA 70769
Frequently Asked Questions
What type of property is this?
Storefront property - Occupied retail building with on-site parking and an established tenant in place.
Where is this storefront property located?
The property is located at 41012 Hwy 42 Prairieville, LA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: ±2,800 SF leased retail property; Signalized intersection at Hwy 42 and Billy Blvd; ±14,050 daily traffic at the intersection
