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    Cottage-Style Retail Investment Title is generated by Realmo AI

    53517 HARVEST Lane, Loranger, LA 70446

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    Claim this Listing
    New
    For Sale
    $270,000

    MULTI_FAMILY - Loranger, LA

    Property size:
    3,946 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $68/SF
    Added:
    May 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 53517 HARVEST Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Patio and Porch features
    Porch
    Exterior features
    Driveway Permeable Surface, Fence, Porch
    Fencing
    Fenced
    Standard status
    Active
    APN
    5344905
    Size
    3,946 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    A certain parcel situated in Section 9, Township 5 South, Range 8 East, Greensburg Land District, Tangipahoa Parish, Louisiana

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2009
    Floors in Building
    1
    Number of units
    4
    Roof type
    Shingle
    Architectural style
    Cottage

    We can help!

    Listing Contact
    Sam DiVittorio
    Sam DiVittorio

    Listing agent Sam DiVittorio License #995688138

    Listing office Realty Executives Florida Parishes 200 E Charles St., Hammond, LA

    Listing date May 29, 2026

    MLS# 2560388 Listing URL

    Copyright © 2026 New Orleans Metropolitan Association 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

    • Four cottage‑style commercial buildings on a corner lot at Highway 40 and Harvest Lane
    • 3 of the 4 buildings are currently leased to a donut shop, gun store, and restaurant
    • 4th building is vacant with rough‑in build out and remodeling started for a future hair salon
    • Year built 2009 with central heating and central air; shingle roof; porch; fenced property
    • Public water service and Driveway Permeable Surface
    • Flood Zone X; also available adjoining 1/2‑acre corner lot cleared and improved with utilities

    Overview

    This offering features four cottage-style commercial buildings totaling 3,946 square feet on a 0.5-acre lot. Three buildings are currently leased to a donut shop, gun store, and restaurant. The fourth building is vacant and described as rough-in with remodeling started for a future hair salon. The property is positioned as a flexible commercial investment for an owner-occupant or as additional rental income through completion and leasing of the remaining space.

    The buildings are located at the corner of Highway 40 and Harvest Lane in Loranger, Louisiana. The site is less than one mile from Loranger High School and about 10 miles from I-55. The property is in Flood Zone X, according to the listing materials. An adjoining 1/2-acre corner lot is also available for purchase; it is described as cleared and improved with utilities, and the remarks suggest potential for additional cottage-style commercial buildings.

    For tenants and operators, the mix of existing retail and restaurant use supports a neighborhood-serving, street-facing commercial concept within multiple separate cottage footprints. For buyers, the partially improved vacant building provides a defined redevelopment path, while the option to add the adjoining lot may allow for expansion of the cottage-style format. Public remarks also note current rental rates are below market value.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Lobo Picante Restaurant

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Hotel & Motel Nail Salon Pharmacy Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Loranger
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.404198
    Latitude
    30.635279

    Nearby Similar for Sale

    • $270,000
      3,946 SF

      Multi-Cottage Retail Investment Property

      Four cottage-style retail buildings with three active tenants and one vacant unit ready for continued build-out in Flood Zone X.
      53517 HARVEST Lane, Loranger, LA 70446
      View Details
    • $125,000

      34-Unit Storage Facility For Sale

      34-unit storage facility with room to add value.
      50352 S Bradley Ct, Loranger, LA
      View Details

    FAQs

    What type of property is this?
    Retail space - Four cottage-style commercial buildings with multiple in-place tenants and one vacant space for redevelopment or an owner-occupant.
    Where is this retail space located?
    The property is located at 53517 HARVEST Lane Loranger, LA.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: Four cottage‑style commercial buildings on a corner lot at Highway 40 and Harvest Lane; 3 of the 4 buildings are currently leased to a donut shop, gun store, and restaurant; 4th building is vacant with rough‑in build out and remodeling started for a future hair salon
    (985) 956-7477
    We can help!
    Listing Contact
    Sam DiVittorio
    Sam DiVittorio
    Real Estate License ID: 995688138
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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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