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    106 Elizabeth Dr Saint Martinville, LA 70582

    For Sale
    $1,500,000

    136-unit facility, high occupancy, strong NOI.

    Property size:
    19,482 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a 136-unit mini-storage facility situated on a 1.73-acre lot in St. Martinville, Louisiana. The property boasts 19,482 square feet of rentable space, currently achieving a remarkable 95% occupancy rate. The facility comprises seven single-story buildings, constructed in 2012, and includes 30 climate-controlled units and 106 non-climate-controlled units. All units operate on a month-to-month lease agreement. Generating a substantial net operating income (NOI) of $110,000, this property offers a compelling 7.00% capitalization rate. Current rental rates are below market value, presenting significant upside potential for increased profitability. The property benefits from low management costs and excellent maintenance. Included in the sale is 0.53 acres of additional land, providing an opportunity for expansion or future development. The property enjoys 309 feet of frontage on Elizabeth Drive and is located in a flood zone X area. The asking price is $1,500,000, translating to $80.66 per square foot. This is a turnkey operation with a proven track record of success, ideal for an investor seeking a stable and profitable addition to their portfolio. The property's APN is 15801B2633. The address is 106 Elizabeth Dr, St Martinville, LA 70582.

    Property Features for 106 Elizabeth Dr

    General Information

    Property type
    Self storage facilities
    Square Feet
    19,482 SF

    Building Details

    Year Built
    2012
    Buildings
    7
    Stories
    1

    HighLights

    • 136‑unit mini‑storage facility on a 1.73‑acre lot in St. Martinville, LA.
    • 19,482 square feet of rentable space with 95% occupancy.
    • Seven single‑story buildings (2012 construction) including 30 climate‑controlled and 106 non‑climate‑controlled units, all month‑to‑month leases.
    • $110,000 annual NOI, 7.00% cap rate, below‑market rents offering upside potential.
    • Includes 0.53 acres of additional land; 309 feet of frontage on Elizabeth Drive; located in flood zone X.
    • Asking price: $1,500,000 ($80.66/SF); APN: 15801B2633; Address: 106 Elizabeth Dr, St Martinville, LA 70582.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy Accounting Firm Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Martinville
    County
    St Martin Parish
    State
    Louisiana
    Longitude
    -91.822238157461
    Latitude
    30.143119110271

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    FAQs

    What type of property is this?
    Self storage facility - 136-unit facility, high occupancy, strong NOI.
    Where is this self storage facility located?
    The property is located at 106 Elizabeth Dr Saint Martinville, LA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 136-unit mini-storage facility on a 1.73-acre lot in St. Martinville, LA.; 19,482 square feet of rentable space with 95% occupancy.; Seven single-story buildings (2012 construction) including 30 climate-controlled and 106 non-climate-controlled units, all month-to-month leases.
    Request Owner's contact information
    106 Elizabeth Dr Saint Martinville, LA 70582
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    Saint Martinville, LA 70582
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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
    106 Elizabeth Dr Saint Martinville, LA 70582
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