Sign Up Successful!
You now have access to more from Realmo!
    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

    911 Main St Homer, LA 71040

    Sponsored
    For Sale
    $585,000

    Prime 10,000 SF Retail Space, $585,000

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional commercial property, located at 911 W Main Street in Homer, Louisiana, presents a unique investment opportunity. The 10,000 square foot building sits on a generous 2.85-acre lot and is ideally suited for a variety of uses. Currently configured as a turnkey bank, the property boasts a fully functional vault, numerous safety deposit boxes, and a convenient drive-through. The existing layout is easily adaptable for larger office spaces with minimal renovation required. Potential uses include, but are not limited to, mortgage companies, loan offices, real estate agencies, insurance providers, or any professional office seeking a prominent location. The property's features include a prominent pylon sign on busy West Main Street, ensuring high visibility and attracting significant foot traffic. Ample parking is available, along with easy access and egress. A beautiful courtyard adds to the property's appeal, providing an attractive outdoor space accessible from the main building and several suites. This property is perfect for a business seeking to establish a strong presence in Homer, or for an existing business looking to upgrade its facilities. The asking price is $585,000. The property's zip code is 71040, and it is located in Claiborne County.

    Property Features for 911 Main St

    General Information

    Property type
    Land
    Square Feet
    10,000 SF
    Lot Size
    124,146 SF

    We can help!

    Listing Contact
    Marc Able
    Marc Able

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Homer
    County
    Claiborne
    State
    Louisiana
    Longitude
    -93.0562505
    Latitude
    32.8044876

    Nearby Comparable

    • $585,000
      10,000 SF

      911 Main St, Homer, LA 71040

      Retail properties • 10,000 SF
      911 Main St, Homer, LA 71040
      View Details
    • $325,000
      17,800 SF

      Homer Retail Center - Main St

      High-traffic retail space, prime location.
      902 Main St, Homer, LA 71040
      View Details
    • $200,000
      1.21 Acres

      Former Grocery Store in Homer

      Large retail building on a 1.21-acre lot in Homer, LA.
      404 N 2Nd St, Homer, LA 71040
      View Details
    • $75,000
      4,678 SF

      Homer, LA Business Opportunity

      Historic Building, High Visibility, 4,678 sq ft
      611 2Nd St, Homer, LA 71040
      View Details
    • $120,000

      Homer, LA Automotive Property

      Turn-key automotive property with equipment in Homer, Louisiana.
      401 W Main St, Homer, LA 71040
      View Details
    • $275,000
      62.00 Acres

      62 Acres of Recreational Land

      62 acres of land for agricultural, recreational, and hunting.
      242 Slaughter Rd, Homer, LA 71040
      View Details
    • New
      $349,500
      7,200 SF

      Homer, LA Church and More

      Well-maintained 7200 sq ft building on 4.5 acres.
      3555 Highway 79, Homer, LA 71040
      View Details
    • $35,000

      2.10 Acre Commercial Lot

      Commercial lot at the intersection of State Highway 2 & US Highway 79.
      Hwy 2 Hwy, Homer, LA 71040
      View Details
    • $35,000
      2.10 Acres

      2.10 Acre Commercial Lot

      Commercial lot at the intersection of State Highway 2 & US Highway 79.
      Hwy 2 Hwy, Homer, LA 71040
      View Details
    • $48,500
      0.91 Acres

      Land in Homer, Louisiana

      Versatile property suitable for various business or residential purposes.
      645 Ford Rd, Homer, LA 71040
      View Details

    Nearby Similar for Sale

    • New
      $349,500
      7,200 SF

      Homer, LA Church and More

      Well-maintained 7200 sq ft building on 4.5 acres.
      3555 Highway 79, Homer, LA 71040
      View Details
    • $200,000
      1.21 Acres

      Former Grocery Store in Homer

      Large retail building on a 1.21-acre lot in Homer, LA.
      404 N 2Nd St, Homer, LA 71040
      View Details
    • $120,000

      Homer, LA Automotive Property

      Turn-key automotive property with equipment in Homer, Louisiana.
      401 W Main St, Homer, LA 71040
      View Details
    • $75,000
      4,678 SF

      Homer, LA Business Opportunity

      Historic Building, High Visibility, 4,678 sq ft
      611 2Nd St, Homer, LA 71040
      View Details
    • $35,000
      2.10 Acres

      High-Traffic Homer Commercial Lot

      Prime 2.1-Acre Commercial Land
      Hwy 2 Hwy, Homer, LA 71040
      View Details
    • $325,000
      17,800 SF

      Homer Retail Center - Main St

      High-traffic retail space, prime location.
      902 Main St, Homer, LA 71040
      View Details
    • $585,000
      10,000 SF

      911 Main St, Homer, LA 71040

      Retail properties • 10,000 SF
      911 Main St, Homer, LA 71040
      View Details

    FAQs

    What type of property is this?
    Land - Prime 10,000 SF Retail Space, $585,000
    Where is this land located?
    The property is located at 911 Main St Homer, LA.
    What is the asking price?
    The asking price for this property is $585,000.
    Request Owner's contact information
    911 Main St Homer, LA 71040
    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.
    911 Main St
    Homer, LA 71040
    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
    911 Main St Homer, LA 71040
    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!
    Listing Contact
    Marc Able
    Marc Able
    Real Estate License ID: LA
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.