Listing Agency: Larry Trunk Inc. l***@larrytrunk.com Show Phone

Listed By: Chris Trunk · License #000005089 Show Phone

Source: Exprealty

Added: Jul 18 Changed: Oct 7 Last Checked: Oct 15 at 4:21AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 750-square-foot retail suite is positioned within a shopping center and is also identified as suitable for office use. The center includes multiple restaurants, salons, and medical offices, creating a varied commercial setting for customers, clients, and employees.

Ample parking is available throughout the shopping center. The property is located at B-8-1970 Ormond Blvd in Destrehan, Louisiana, providing a defined address within the Ormond commercial area.

Key Highlights

• 750‑square‑foot retail space
• Retail or office use
• Located within a shopping center

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,406

Suggested Prices Based on Cap Rates

Cap Rate 5%

$208,120 $208.1K

Cap Rate 7%

$148,657 $148.7K

Cap Rate 9%

$115,622 $115.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 750 SF

Gross rent

$16.9K $22.56/SF

− Vacancy

−$3.0K −$4.06/SF

EGI

$13.9K $18.50/SF

− OpEx

−$3.5K −$4.62/SF

NOI

$10.4K $13.87/SF

Area

St. Charles County, LA

Vacancy

18.00%

Lease Rate

$22.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$208,120

Cap Rate 7%

$148,657

Cap Rate 9%

$115,622

Alternative Uses

Best Use

Retail

$169.3K

$148.2K – $197.6K (±1% cap)

NOI $11,854 @ 7.0% cap · market cap 1,191.36%

Second Best

Office B

$148.7K

$130.1K – $173.4K (±1% cap)

NOI $10,406 @ 7.0% cap · market cap 1,045.83%

Theoretical Best

Office A

$197.9K

$173.1K – $230.9K (±1% cap)

NOI $13,851 @ 7.0% cap · market cap 1,392.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Restaurant Hair Salon Dental Office Law Firm Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

126

Businesses Nearby

Explore this area Business Placement

Demographics for 70047, LA

12,783

Population

5,316

Households

2.4

Avg Household Size

40

Median Age

37%

College-Educated

90%

High-School Grad

12.2 sq mi

ZIP Area

1,048

Density / Sq Mi

$95,240

Median Household Income

$47,414

Median Earnings

$1,143

Median Rent

$294,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

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Retail Space in Shopping Center

1970 Ormond Boulevard B-8, Destrehan, LA 70047

$110,000

750 SF

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$719,000

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Fully Improved Event Venue

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible commercial suite surrounded by restaurants, salons, and medical offices with ample on-site parking.

Where is this retail space located?

The property is located at B-8-1970 Ormond Blvd Destrehan, LA.

What are key features of this property?

This property features: 750‑square‑foot retail space; Retail or office use; Located within a shopping center