Building Details

Building Size 1,328 SF

Year Built 1985

Listing Agency: Cypress Key Realty LLC

Listed By: Christopher Romero Show Phone

Source: Cypresskeyrealty

Added: Oct 9 Changed: Oct 23 Last Checked: Oct 23 at 3:30PM

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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 Cypress Key Realty LLC

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Investment Insights

Based on property information with market context.

This day care-oriented property includes a two-bedroom, one-bath main residence with a flex room and storage. Renovations made with daycare use in mind include a newer roof, HVAC system, water heater, and updated electrical. The property also has a separate rear unit of approximately 600 square feet, with one bedroom and one bathroom.

Located in Amite near I-55 and Hwy 16, the property was built in 1985. Any business use is subject to zoning.

Key Highlights

• Renovations for daycare use include a newer roof, HVAC system, water heater, and updated electrical
• Rear dwelling measures approximately 600 square feet and has 1 bedroom and 1 bathroom
• Main residence offers 2 bedrooms, 1 bathroom, a flex room, and storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,684

Cap Rate

5.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$173,680 $173.7K

Cap Rate 7%

$124,057 $124.1K

Cap Rate 9%

$96,489 $96.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,328 SF

Gross rent

$17.4K $13.08/SF

− Vacancy

−$1.6K −$1.19/SF

EGI

$15.8K $11.89/SF

− OpEx

−$7.1K −$5.35/SF

NOI

$8.7K $6.54/SF

Area

Tangipahoa County, LA

Vacancy

9.10%

Lease Rate

$13.08 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$173,680

Cap Rate 7%

$124,057

Cap Rate 9%

$96,489

Alternative Uses

Best Use

Apartment 5plus

$124.1K

$108.6K – $144.7K (±1% cap)

NOI $8,684 @ 7.0% cap · market cap 5.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$366.1K

$320.3K – $427.1K (±1% cap)

NOI $25,626 @ 7.0% cap · market cap 16.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Day care centers

Suggested Use

Top Pick HVAC Service Electrical Service Real Estate Agency Big Box & Wholesale Store Building Supply Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 70422, LA

13,863

Population

6,204

Households

2.2

Avg Household Size

40

Median Age

21%

College-Educated

84%

High-School Grad

157.5 sq mi

ZIP Area

88

Density / Sq Mi

$50,412

Median Household Income

$36,534

Median Earnings

$844

Median Rent

$169,900

Median Home Value

Similar For Sale Nearby

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Two-Office Building

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$235,900

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Self-Storage Property with 40 Units

321 W Oak St, Amite, LA 70422

$415,000

3,302 SF

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Multi-Suite Flex Space

216 NE Central Ave, Amite, LA 70422

$498,500

14,988 SF

View details

Similar Off Market Nearby

• Building Dreams Early Learning — 61133 N Laiche Rd, Amite City, LA 70422
• A & A Day Care Learning Center — 61042 Bennett Rd, Amite City, LA 70422

Frequently Asked Questions

What type of property is this?

Day care center - The renovated main residence includes a flex room, with a separate one-bedroom dwelling at the rear.

Where is this day care center located?

The property is located at 60149 Bennett Road Amite, LA.

What is the asking price?

The asking price for this property is $159,999.

What are key features of this property?

This property features: Renovations for daycare use include a newer roof, HVAC system, water heater, and updated electrical; Rear dwelling measures approximately 600 square feet and has 1 bedroom and 1 bathroom; Main residence offers 2 bedrooms, 1 bathroom, a flex room, and storage