Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Grand Isle Land For Sale Title is generated by Realmo AI

    Elm lot 6, Grand Isle, LA 70358

    View on Map
    Claim this Listing
    For Sale
    $45,000

    LAND - Grand Isle, LA

    Lot size:
    0.17 Acres
    Added:
    Jan 11, 2024
    Days on Market:
    863
    Last Refresh:
    May 23 at 5:06 am

    Property Features for Elm lot 6

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    Lot 6 Sq O Sec 1 Grand Beach #1

    We can help!

    Listing Contact
    Sadie Galiano

    Listing agent Sadie Galiano

    Listing office Island Realty 3152 C Hwy 1, Grand Isle, LA

    Listing date Jan 11, 2024

    MLS# 2024000623 Listing URL

    Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large lot: 50 x 150.
    • Potential for expansion with 8 adjacent lots for sale.
    • Significant combined lot size available: 400 x 150 if all lots are purchased.
    • Located at the end of the paved section of Elm Ave.
    • Lot is on the right side of the street.
    • GPS coordinates provided for precise location: [-89.98789,29.240698].

    Overview

    This property consists of a 50 x 150 lot situated at the end of the paved section of Elm Avenue, located on the right side of the street. The property is located in Grand Isle, Louisiana. In addition to this lot, there are 8 adjacent lots available for sale, which would total 400 x 150.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Grand Isle
    County
    Jefferson
    State
    Louisiana
    Longitude
    -89.9878918
    Latitude
    29.2406984

    Nearby Similar for Sale

    • $600,000
      2,040 SF

      Grand Isle Gas Station Business

      Turnkey gas station and convenience store in Grand Isle, Louisiana.
      3047 Highway 1, Grand Isle, LA 70358
      View Details
    • $325,000

      Grand Isle Commercial Lot

      Commercial lot on Hwy 1, Grand Isle, Louisiana.
      1721 Highway 1, Grand Isle, LA 70358
      View Details
    • $85,000

      Grand Isle Vacant Commercial Lot

      Vacant commercial lot in Grand Isle, close to attractions.
      1811 Highway 1, Grand Isle, LA 70358
      View Details
    • $899,000
      2,698 SF

      Established Restaurant in Grand Isle

      Successful restaurant with local seafood and Cajun cuisine.
      3027 Highway 1, Grand Isle, LA 70358
      View Details
    • $150,000

      Corner Lot in Grand Isle

      Vacant corner lot with Gulf views and beach access.
      HIGHWAY 1 lot: 1&2, Grand Isle, LA 70358
      View Details
    • $255,000

      Grand Isle Waterfront Land

      Waterfront land near Grand Isle bridge, suitable for development.
      Hwy 1, Grand Isle, LA 70358
      View Details
    • $55,000

      Grand Isle Vacant Lot

      Vacant lot ready for a camp or RV setup.
      160 W Central Ave lot: 6, Grand Isle, LA 70358
      View Details
    • $430,000

      Established RV Campground in Grand Isle

      Income-producing RV campground with room to grow in Grand Isle.
      225 Smith Ln, Grand Isle, LA 70358
      View Details
    • $75,000

      Pirates Cove Marina Boat Slip

      Covered boat slip in Pirates Cove Marina, Grand Isle.
      BS 72 Pirates Cove Marina lot: 23 X 14.8, Grand Isle, LA 70358
      View Details
    • $300,000

      Waterfront Lot in Queen Bess

      Waterfront lot with bay views and subdivision amenities.
      58 Manilla Village Court lot: 58, Grand Isle, LA 70358
      View Details
    • $150,000

      Waterfront Land in Grand Isle

      Vacant waterfront lot suitable for short-term rentals.
      397 Highway 1 lot: 12 &13, Grand Isle, LA 70358
      View Details
    • $175,000

      Waterfront Lot in Grand Isle

      Waterfront lot with potential for beach house or RV.
      455 Highway 1, Grand Isle, LA 70358
      View Details

    FAQs

    What type of property is this?
    Commercial land - 50 x 150 lot in Grand Isle, Louisiana.
    Where is this commercial land located?
    The property is located at Elm lot 6 Grand Isle, LA.
    What is the asking price?
    The asking price for this property is $45,000.
    What are key features of this property?
    This property features: Large lot: 50 x 150.; Potential for expansion with 8 adjacent lots for sale.; Significant combined lot size available: 400 x 150 if all lots are purchased.
    (504) 352-8840
    We can help!
    Listing Contact
    Sadie Galiano
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    Elm lot: 6, Grand Isle, LA 70358
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!