Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16338 Airline Hwy Prairieville, LA 70769

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-visibility retail land, prime location.

    Property Features for 16338 Airline Hwy

    General Information

    Property type
    Land
    Lot Size
    77,537 SF

    We can help!

    Listing Contact
    Danny Watts
    Danny Watts

    Listing Agency: Stirling Properties Baton Rouge Listing Agent: Danny Watts

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1.78-acre commercial land parcel presents a remarkable investment opportunity in Prairieville, Louisiana. Strategically located at 16338 Airline Highway, this property boasts prominent frontage on both Airline Highway and Old Jefferson Highway (Highway 73), placing it between established businesses like Sammy's Restaurant and RaceTrac. The M-U (Mixed Use) zoning allows for a diverse range of development options, including retail, medical, quick-service restaurants (QSR), financial institutions, or specialized uses such as restaurants. The site offers approximately 248.24 feet of frontage on Airline Highway and approximately 150.67 feet of frontage on Old Jefferson Highway. A significant advantage is the existing paved cross-easement providing convenient access between both highways. Infrastructure is already in place, including water service with a private fire hydrant and a private sewage treatment plant. The property is being sold "as is, where is" with a full waiver of redhibition. While minor use, building setback, and signage restrictions apply, this high-visibility location offers unparalleled potential for significant return on investment. The asking price is $1,395,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Prairieville
    County
    Ascension Parish
    State
    Louisiana
    Longitude
    -90.973497
    Latitude
    30.306128

    Nearby Similar for Sale

    • $500,000
      5,000 SF

      Prairieville Commercial Property Package

      Four single-wide properties in good condition, generating monthly income.
      37343 La Highway 621, Prairieville, LA 70769
      View Details
    • $600,000
      5,000 SF

      Prairieville Residential Income Property Package

      Three properties generating $4,750 monthly income in Prairieville, Louisiana.
      14206 Bluff Rd, Prairieville, LA 70769
      View Details
    • Contact for pricing
      3,128 SF

      Prairieville Drive-Thru Restaurant Investment

      NNN leased Dairy Queen with drive-thru in Prairieville, LA.
      36572 C Braud Rd, Prairieville, LA 70769
      View Details
    • $1,450,000
      4,100 SF

      Prairieville Restaurant - Turnkey Opportunity

      Established Restaurant, High Visibility, 4100 SF
      17200 Airline Hwy, Prairieville, LA 70769
      View Details
    • $167,500

      Resort-Style Condo with Waterfront Porch

      Three-bedroom condo with waterfront porch, community pool, and convenient location.
      38035 Post Office Rd, Prairieville, LA 70769
      View Details
    • $495,000
      0.30 Acres

      325.\r\n \r\n """"}"""

      Prairieville Commercial Building Investment
      17487 Old Jefferson Hwy, Prairieville, LA 70769
      View Details
    • Contact for pricing
      0.65 Acres

      Prairieville Commercial Office Suites

      Prime location, flexible office space available.
      37338 Perkins Rd, Prairieville, LA 70769
      View Details
    • Contact for pricing

      Prairieville Retail Space Available

      High-traffic retail suites, excellent visibility.
      17532 Airline Hwy Unit, Prairieville, LA 70769
      View Details
    • Contact for pricing
      0.10 Acres

      Prairieville Commercial Space Available

      Renovated Restaurant Space, Ample Parking
      17474 Airline Hwy Hwy Unit, Prairieville, LA 70769
      View Details
    • Contact for pricing

      Prairieville Retail Space Available

      High-traffic retail suites, Airline Hwy
      17540 Airline Hwy Unit, Prairieville, LA 70769
      View Details
    • Contact for pricing

      Prairieville Retail Space Available

      High-traffic retail suites, NNN lease.
      17540 Airline Hwy Unit, Prairieville, LA 70769
      View Details

    FAQs

    What type of property is this?
    Land - High-visibility retail land, prime location.
    Where is this land located?
    The property is located at 16338 Airline Hwy Prairieville, LA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: 1.78-acre commercial land parcel in Prairieville, LA.; High-visibility location fronting both Airline Highway and Old Jefferson Highway (Highway 73), situated between RaceTrac and Sammy's Restaurant.; M-U (Mixed Use) zoning allows for diverse development, including retail, medical, QSR, and financial uses.
    (225) 329-0280 Call to check price and availability
    Request Owner's contact information
    16338 Airline Hwy Prairieville, LA 70769
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16338 Airline Hwy
    Prairieville, LA 70769
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    16338 Airline Hwy Prairieville, LA 70769
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Danny Watts
    Danny Watts
    Real Estate License ID: SALE3132-ACT
    (225) 329-0280
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!