Snowball Stand
For Sale
$85,000
4266 W Park Ave, Gray, LA 70359
The stand has operated daily from 2 PM to 6 PM.
Property Size492 SF
Price / SF$172.76
Days on Market35
Property Features for 4266 W Park Ave
General Information
Standard status
Active
Size
492 SF
Property subtype
Other
Additional Details
Business Included
Yes
Amenities
Power
Water
Listing Agency:
Keller Williams Realty Bayou Partners
Listed By:
Melanie Bruce · License #0099563122
(985) 790-9205
Source:
Lacdb.resimplifi
Added: Sep 12
Changed: Oct 13
Last Checked: Oct 16 at 5:48AM
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 Keller Williams Realty Bayou Partners
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A snowball stand is the central improvement on this restaurant property. Its stated daily operating window has been 2 PM to 6 PM.
More than 400 feet of property before the stand is described as convertible to parking. A Bayou Signs billboard is under contract with the seller and will remain in the seller’s name until that contract expires.
More than 400 feet of property before the stand is described as convertible to parking. A Bayou Signs billboard is under contract with the seller and will remain in the seller’s name until that contract expires.
Key Highlights
- Snowball stand operating daily from 2 PM to 6 PM
- More than 400 feet of property before the stand is described as convertible to parking
- Bayou Signs billboard remains in the seller’s name until the existing contract expires
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,612
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,240
$152.2K
Cap Rate 7%
$108,743
$108.7K
Cap Rate 9%
$84,578
$84.6K
Market Conditions
NOI Build-Up for 492 SF
Gross rent
$10.6K $21.60/SF
− Vacancy
−$478 −$0.97/SF
EGI
$10.1K $20.63/SF
− OpEx
−$2.5K −$5.16/SF
NOI
$7.6K $15.47/SF
Area
Terrebonne County, LA
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,240
Cap Rate 7%
$108,743
Cap Rate 9%
$84,578
Alternative Uses
Best Use
Specialty Retail
$108.7K
$95.2K – $126.9K
NOI $7,612 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$135.6K
$118.7K – $158.2K
NOI $9,494 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
McDonald's
Dining
23,376 visits/mo
0.0 miles
Popeyes Louisiana Kitchen
Dining
9,671 visits/mo
0.3 miles
Dollar General
Shops & Services
6,855 visits/mo
0.1 miles
Shell
Shops & Services
5,667 visits/mo
0.3 miles
Demographics for 70359, LA
9,591
Population
3,768
Households
2.5
Avg Household Size
35
Median Age
14%
College-Educated
82%
High-School Grad
14.4 sq mi
ZIP Area
666
Density / Sq Mi
$54,139
Median Household Income
$33,058
Median Earnings
$1,119
Median Rent
$161,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The stand has operated daily from 2 PM to 6 PM.
Where is this conventional restaurant located?
The property is located at 4266 W Park Ave Gray, LA.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Snowball stand operating daily from 2 PM to 6 PM; More than 400 feet of property before the stand is described as convertible to parking; Bayou Signs billboard remains in the seller’s name until the existing contract expires
