Retail Storefront with Service
For Sale
$295,000
82303 Highway 25, Folsom, LA 70437
The interior includes two service counters and a half-bath, with highway frontage in Folsom.
Property Size2,671 SF
Price / SF$110.45
Days on Market12
Property Features for 82303 Highway 25
General Information
Standard status
Active
Size
2,671 SF
Amenities
two service counters
one half-bath
Building Details
Year Built
1950
Listing Agency:
Homesmart Realty South
Listed By:
Sandra Roberts, Patrick Roberts
Source:
Fiorellaavenue
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 4:42PM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This 2,671-square-foot retail building in Folsom dates to 1950. Its interior includes retail space, two service counters, and one half-bath. The offering is for the building only.
The property is located at 82303 Highway 25 and has highway frontage.
The property is located at 82303 Highway 25 and has highway frontage.
Key Highlights
- 2,671‑square‑foot retail building
- Two service counters and one half‑bath
- Highway frontage at 82303 Highway 25 in Folsom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,783
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,660
$535.7K
Cap Rate 7%
$382,614
$382.6K
Cap Rate 9%
$297,589
$297.6K
Market Conditions
NOI Build-Up for 2,671 SF
Gross rent
$40.1K $15.00/SF
− Vacancy
−$1.8K −$0.68/SF
EGI
$38.3K $14.33/SF
− OpEx
−$11.5K −$4.30/SF
NOI
$26.8K $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%
$535,660
Cap Rate 7%
$382,614
Cap Rate 9%
$297,589
Alternative Uses
Best Use
Retail
$382.6K
$334.8K – $446.4K
NOI $26,783 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$28.79M
$25.19M – $33.59M
NOI $2,015,558 @ 7.0% cap · market cap 683.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Shell
Shops & Services
8,292 visits/mo
0.1 miles
Dollar General
Shops & Services
7,845 visits/mo
0.5 miles
Home Bank
Shops & Services
5,555 visits/mo
0.1 miles
SUBWAY
Dining
1,620 visits/mo
0.5 miles
Krispy Krunchy Chicken
Dining
1,616 visits/mo
0.1 miles
Demographics for 70437, LA
7,575
Population
3,451
Households
2.2
Avg Household Size
47
Median Age
34%
College-Educated
90%
High-School Grad
86.4 sq mi
ZIP Area
88
Density / Sq Mi
$66,154
Median Household Income
$41,506
Median Earnings
$563
Median Rent
$303,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The interior includes two service counters and a half-bath, with highway frontage in Folsom.
Where is this storefront property located?
The property is located at 82303 Highway 25 Folsom, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,671‑square‑foot retail building; Two service counters and one half‑bath; Highway frontage at 82303 Highway 25 in Folsom
