Storefront with On-Site
71013 Highway 41, Pearl River, LA 70452
For Sale
$489,000
The property has commercial zoning and a gravel parking area on site.
Property Size2,415 SF
Days on Market11
Property Features for 71013 Highway 41
General Information
Standard status
Size
Zoning
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
Ductless
Wood
Gravel, On Site, Parking Lot
Building Details
Building Size
Year Built
Stories
Listing Agency:
Engel & Volkers Slidell Mandeville
Listed By:
Karrie A Hemphill
(504) 275-8359
Source:
Evrealestate
Added: Nov 3
Changed: Nov 12
Last Checked: Nov 12 at 2:27PM
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 Engel & Volkers Slidell Mandeville
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Investment Insights
Based on property information with market context.
Built in 1985, this storefront property has a wood exterior, ductless interior features, and an on-site gravel parking area. The property is zoned commercial.
The address is on Highway 41 in Pearl River, Louisiana, across from Lock One.
The address is on Highway 41 in Pearl River, Louisiana, across from Lock One.
Key Highlights
- Commercial zoning
- On‑site gravel parking area
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,216
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,320
$484.3K
Cap Rate 7%
$345,943
$345.9K
Cap Rate 9%
$269,067
$269.1K
Market Conditions
NOI Build-Up for 2,415 SF
Gross rent
$36.2K $15.00/SF
− Vacancy
−$1.6K −$0.68/SF
EGI
$34.6K $14.33/SF
− OpEx
−$10.4K −$4.30/SF
NOI
$24.2K $10.03/SF
Area
St. Tammany County, LA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,320
Cap Rate 7%
$345,943
Cap Rate 9%
$269,067
Alternative Uses
Best Use
Retail
$345.9K
$302.7K – $403.6K
NOI $24,216 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$616.8K
$539.7K – $719.6K
NOI $43,174 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70452, LA
13,187
Population
5,535
Households
2.4
Avg Household Size
43
Median Age
25%
College-Educated
84%
High-School Grad
99.2 sq mi
ZIP Area
133
Density / Sq Mi
$62,046
Median Household Income
$41,343
Median Earnings
$858
Median Rent
$219,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in St. Tammany County, LA
Properties on Market for Storefront properties in St. Tammany County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - The property has commercial zoning and a gravel parking area on site.
Where is this storefront property located?
The property is located at 71013 Highway 41 Pearl River, LA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Commercial zoning; On‑site gravel parking area; Built in 1985
