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    Former Bank Branch Office Building Title is generated by Realmo AI

    801 Saint Mary St, Thibodaux, LA 70301

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    Picture of Office buildings at 801 Saint Mary St, Thibodaux, LA
    For Sale
    $335,000

    COMMERCIAL - Thibodaux, LA

    Property size:
    2,720 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $123/SF
    Added:
    May 29, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 801 Saint Mary St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking features
    Covered
    Exterior features
    Door Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    2,720 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Description
    Parcel A of Lot 1-C Block 1 Peltier Subdivision

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet - Full
    Building materials
    Brick, Frame
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Hank Babin

    Listing agent Hank Babin License #57860

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

    Listing date May 29, 2026

    MLS# 2026010141

    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

    • Approximately 2,720 SF former bank branch at the corner of St. Mary Street (LA Hwy 1) and Hickory Street in Thibodaux
    • Currently operating as a notary office, with interior space suited for professional and service‑oriented businesses
    • Includes two existing safes and an operational pneumatic drive‑thru system
    • Covered customer access and a drive‑thru canopy that may support covered parking or alternative business use
    • About 1.11‑acre site with ample on‑site parking and multiple access points
    • C‑1 Commercial zoning; public water and public sewer; central heating and central A/C; flood zone X reported (buyer to verify)

    Overview

    This well-maintained former bank branch offers a purpose-built layout currently operating as a notary office. The facility includes two existing safes and an operational pneumatic drive-thru system, along with covered customer access at the main entrance. A drive-thru canopy remains on site and may support covered parking or other alternative uses. In addition to the main floor area of approximately 2,720 square feet, the building includes second-floor storage space that is not included in the reported square footage, providing extra room for files or inventory.

    Located on a corner at St. Mary Street (LA Hwy 1) and Hickory Street in Thibodaux, the property benefits from strong visibility and easy access in an established commercial setting. The site is approximately 1.11 acres and offers ample on-site parking, with multiple access points that can support both customer flow and everyday operations. The property also presents signage opportunities to help an owner-user or investor capture pass-by demand along heavily traveled LA Highway 1. The property is zoned C-1 Commercial, and it is listed as Flood Zone X (buyer to verify).

    The asset is well suited for a range of professional and service uses, including office-based operations and regulated or document-focused businesses such as legal offices, insurance agencies, title companies, medical users, governmental agencies, and financial services. With its distinct former bank features and prominent corner presence, it offers a practical redevelopment option while remaining functional for an operator looking for an immediately usable office environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Thibodaux
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.8329848
    Latitude
    29.7967598

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    FAQs

    What type of property is this?
    Office building - Well-maintained corner office with drive-thru infrastructure, safes, covered access, and ample parking for service-oriented businesses.
    Where is this office building located?
    The property is located at 801 Saint Mary St Thibodaux, LA.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: Approximately 2,720 SF former bank branch at the corner of St. Mary Street (LA Hwy 1) and Hickory Street in Thibodaux; Currently operating as a notary office, with interior space suited for professional and service‑oriented businesses; Includes two existing safes and an operational pneumatic drive‑thru system
    (985) 804-9991
    We can help!
    Listing Contact
    Hank Babin
    Real Estate License ID: 57860
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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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