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    Thibodaux Restaurant Opportunity on Canal Title is generated by Realmo AI

    632 N Canal Boulevard, Thibodaux, LA 70301

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    New
    For Lease
    $10,000/Mo $25 SF/Yr (calc)

    COMMERCIAL - Thibodaux, LA

    Property size:
    4,700 SF
    Lot size:
    1.00 Acre
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 3:06 am

    Property Features for 632 N Canal Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Exterior features
    Door Sign, Pole Sign
    Standard status
    Active
    Size
    4,700 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    BUSINESS PERSONAL PROPERTY LOCATED AT 632 N. CANAL BLVD. THIBODAUX, LA

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Zoned, Central Air
    Water source
    Public

    Building Details

    Building materials
    Brick, Metal Const
    Roof type
    Built-Up, Rubber, Metal

    We can help!

    Listing Contact
    Drake Eschete

    Listing agent Drake Eschete

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

    Listing date May 29, 2026

    MLS# 2026009880

    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

    • Turnkey restaurant opportunity with existing infrastructure. FF&E potentially available.
    • Prime location on highly visible North Canal Boulevard in a high‑traffic commercial corridor.
    • Ample on‑site parking.
    • Approximately 4,700 square feet of restaurant space.
    • Strong traffic exposure and established commercial surroundings.
    • Existing lease term with approximately 53 months remaining (expiring September 30, 2030).

    Overview

    This approximately 4,700 square foot restaurant space is located on North Canal Boulevard in Thibodaux, Louisiana. The property benefits from high visibility, convenient access, and on-site parking. The site is currently operating as a restaurant and features existing restaurant infrastructure. The leasehold interest is available for assignment, subject to landlord approval. Existing furniture, fixtures, and equipment may be available with the transaction. The location offers strong traffic exposure and established commercial surroundings. It presents a turnkey opportunity for a restaurant, seafood concept, casual dining establishment, or other approved commercial use. Approximately 53 months remain on the current lease term, expiring September 30, 2030. The opportunity is available through sublease or lease assignment, subject to landlord approval. The lot size is 1 acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    TenderFix by Noah ... Restaurant IHOP Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Thibodaux
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.815329
    Latitude
    29.812671

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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant space with existing infrastructure in a high-traffic location.
    Where is this conventional restaurant located?
    The property is located at 632 N Canal Boulevard Thibodaux, LA.
    What is the lease rate?
    The lease rate is $10,000 /Mo.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity with existing infrastructure. FF&E potentially available.; Prime location on highly visible North Canal Boulevard in a high‑traffic commercial corridor.; Ample on‑site parking.
    (985) 226-7885
    We can help!
    Listing Contact
    Drake Eschete
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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.

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    632 N Canal Boulevard, Thibodaux, LA 70301
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