Listing Agency: Realty Plus LLC Show Phone

Listed By: Charlotte Word · License #995709181 Show Phone

Source: Exprealty

Added: Jul 15 Changed: Oct 3 Last Checked: Oct 21 at 1:44AM

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Investment Insights

Based on property information with market context.

This high-visibility commercial property offers an open-concept, open-span building designed as a flexible workspace. The site is located on a spacious, cleared lot and is presented as a blank canvas suitable for a range of commercial layouts. Utilities include city/parish water, sewer, and gas connections, with electricity serviced by Pointe Coupee Electric. The property is being sold “As-Is” with a waiver of redhibition.

The building is directly on Landry Drive (LA Hwy 77), providing highway frontage and convenient access to the I-10 corridor. It is also described as being in convenient proximity to the local U.S. Post Office.

This listing represents Lot 4 only, severed from a larger parent parcel. Prospective buyers are advised to verify intended land usage and all applicable permits and zoning guidelines with the Iberville Parish Planning & Zoning.

Key Highlights

• 1,800‑sq‑ft open‑concept commercial building on a cleared 0.40‑acre lot
• Highway frontage on Landry Dr (LA Hwy 77) with easy access to the I‑10 corridor
• City/parish water, sewer, and gas connections available; electricity serviced by Pointe Coupee Electric

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,003

Cap Rate

7.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$240,060 $240.1K

Cap Rate 7%

$171,471 $171.5K

Cap Rate 9%

$133,367 $133.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$17.5K $9.72/SF

− Vacancy

−$348 −$0.19/SF

EGI

$17.1K $9.53/SF

− OpEx

−$5.1K −$2.86/SF

NOI

$12.0K $6.67/SF

Area

Iberville County, LA

Vacancy

1.99%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$240,060

Cap Rate 7%

$171,471

Cap Rate 9%

$133,367

Alternative Uses

Best Use

Retail

$402.3K

$352.1K – $469.4K (±1% cap)

NOI $28,164 @ 7.0% cap · market cap 17.07%

Second Best

Industrial

$171.5K

$150.0K – $200.1K (±1% cap)

NOI $12,003 @ 7.0% cap · market cap 7.27%

Theoretical Best

Specialty Retail

$431.1K

$377.2K – $502.9K (±1% cap)

NOI $30,176 @ 7.0% cap · market cap 18.29%

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

Property Analytics

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Open Analytics

Current Use

Landry Drive Quality ... Auto Repair Shop

Suggested Use

Top Pick Building Supply Auto Parts Store Pharmacy Barber Shop Dental Office Big Box & Wholesale Store

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

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

5k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Exxon Shops & Services

2,615 visits/mo 0.1 miles

Dollar General Shops & Services

2,535 visits/mo 0.1 miles

Demographics for 70757, LA

3,056

Population

1,391

Households

2.2

Avg Household Size

42

Median Age

10%

College-Educated

87%

High-School Grad

105.9 sq mi

ZIP Area

29

Density / Sq Mi

$41,477

Median Household Income

$33,420

Median Earnings

$762

Median Rent

$132,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Open-concept building on a cleared lot with highway frontage on LA Hwy 77 for flexible commercial use.

Where is this storefront property located?

The property is located at 77340 Landry Dr Maringouin, LA.

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: 1,800‑sq‑ft open‑concept commercial building on a cleared 0.40‑acre lot; Highway frontage on Landry Dr (LA Hwy 77) with easy access to the I‑10 corridor; City/parish water, sewer, and gas connections available; electricity serviced by Pointe Coupee Electric