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    36365 La-38 Mount Hermon, LA 70450

    For Lease
    $8 SF/Yr ($7,325 /Mo)

    Prime 10,528 sq ft retail building. High visibility location.

    Lot size:
    10,528 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 10,528-square-foot freestanding retail building presents a unique investment opportunity in Mount Hermon, Louisiana. Built in 2022, this Class A property boasts a single-tenant occupancy and is situated on a 1.03-acre lot (44,777 square feet) with ample surface parking for approximately 25 vehicles. The building is conveniently located near the local school and post office, ensuring high visibility and accessibility for customers. The property is zoned for commercial use and offers a blank canvas for a variety of retail businesses. Its spacious layout and prime location make it ideal for a range of ventures, from automotive sales to grocery retail, catering to the needs of the Mount Hermon community. The entire 10,528 square feet is currently vacant, providing immediate occupancy for a new tenant. This is a rare opportunity to establish a thriving business in a desirable location within a town with limited commercial space. The property's modern construction and convenient location offer significant potential for growth and success. This is a single-story building in Washington Parish, Louisiana, with a 70450 zip code. The address is 36365 LA-38.

    Property Features for 36365 La-38

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,528 SF
    Class
    A
    Total Rate
    7325.73

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Floor 1
    Size
    10,528 SF
    Rate per SF
    $8

    HighLights

    • 10,528 SF available for lease
    • Class A office building
    • Pylon signage available
    • 25 surface parking spaces
    • $8.35/SF gross lease rate
    • Sublease opportunity expiring 6/30/2032
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Map

    City
    Mount Hermon
    County
    Washington Parish
    State
    Louisiana
    Longitude
    -90.29355094
    Latitude
    30.95183645

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    FAQs

    What type of property is this?
    Individual retail property - Prime 10,528 sq ft retail building. High visibility location.
    Where is this individual retail property located?
    The property is located at 36365 La-38 Mount Hermon, LA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 10,528 SF available for lease; Class A office building; Pylon signage available
    Request Owner's contact information
    36365 La-38 Mount Hermon, LA 70450
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    Mount Hermon, LA 70450
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    Realmo Value Estimation

    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.

    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.

    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
    36365 La-38 Mount Hermon, LA 70450
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