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    Raceland Commercial Building on Highway Title is generated by Realmo AI

    4948 Hwy 1, Raceland, LA 70394

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    Claim this Listing
    For Sale
    $170,000

    COMMERCIAL - Raceland, LA

    Property size:
    2,220 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $76/SF
    Added:
    Jan 2, 2025
    Days on Market:
    498
    Last Refresh:
    May 15 at 7:06 am

    Property Features for 4948 Hwy 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Window features
    Display Window(s)
    Standard status
    Active
    Size
    2,220 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Description
    LOT 1 ARABIE FAMILY SUBDIVISION

    Utilities

    Sewer type
    Private Sewer
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Tile, Concrete
    Building materials
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Jordan Parr
    Jordan Parr

    Listing agent Jordan Parr License #37498

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

    Listing date Jan 2, 2025

    MLS# 2025000118

    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

    • Prime highway frontage location on LA‑1.
    • Open floor plan allows for customizable interior design.
    • Concrete construction ensures durability.
    • Includes a bathroom and offset office space.
    • Two large windows provide excellent visibility for showcasing products.
    • Close proximity to shops, stores, and the high school.

    Overview

    This commercial building is situated along LA-1, in close proximity to shops, stores, and a high school. The building features an open floor plan, a bathroom, and an offset office space. The office space could potentially serve as an additional 300 square feet of store space. Two large windows face the highway. Constructed in the 1950s, the building has a total size of 2220 square feet and is located on a 0.24-acre lot. The property is located in Raceland, LA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Nail Salon Building Supply Gym & Fitness Center Accounting Firm Kitchen & Bath Showroom Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Raceland
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.548128
    Latitude
    29.687914

    Nearby Similar for Sale

    • $299,900
      2,211 SF

      Raceland Commercial Property on Highway

      High-visibility commercial property on Highway 1 in Raceland, Louisiana.
      4744 Hwy 1, Raceland, LA 70394
      View Details
    • $325,000
      5,500 SF

      Raceland Commercial Property For Sale

      Commercial property in Raceland, LA with existing lease.
      4198 Highway 1, Raceland, LA 70394
      View Details
    • $475,000
      5,500 SF

      Raceland Multi-Use Income Property

      24-acre property with residential, commercial, and farming potential.
      105,107,115,125 Double H Dr., Raceland, LA 70394
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    • $170,000
      2,220 SF

      Highway Frontage Retail Building

      Retail building with highway frontage and flexible open floor plan.
      4948 Hwy 1, Raceland, LA 70394
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial building with highway frontage, open floor plan, and office.
    Where is this storefront property located?
    The property is located at 4948 Hwy 1 Raceland, LA.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Prime highway frontage location on LA‑1.; Open floor plan allows for customizable interior design.; Concrete construction ensures durability.
    (985) 228-1458
    We can help!
    Listing Contact
    Jordan Parr
    Jordan Parr
    Real Estate License ID: 37498
    Learn More
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    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
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