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    78043 Hwy 21 Hwy Bush, LA 70431
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    Property profile & analytics

    78043 Hwy 21 Hwy Bush, LA 70431

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    • Commercial real estate
    • 40,092 SF
    • 18.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 78043 Hwy 21 Hwy

    Year built
    1990
    Lot size
    18.84 lot acres
    Property size
    40,092 SF
    Property type
    Commercial real estate

    Description

    This exceptional 18.84-acre property in Bush, Louisiana presents a unique investment opportunity. The land is comprised of two parcels sold together, offering significant frontage along Highway 21 exceeding 1000 feet. A substantial 40,092 square foot building, previously utilized as a horse arena, sits on 13.18 acres zoned I-2 Industrial. This expansive structure offers versatile potential for various commercial uses. The remaining 5.64 acres are zoned L-1 Large Lot Residential, providing the possibility of developing a home or office space, creating a seamless blend of residential and commercial functionality. The high visibility location on Highway 21 ensures excellent exposure for any business. The combination of ample land, a large existing building, and flexible zoning makes this property ideal for a diverse range of entrepreneurial ventures. This is a rare chance to acquire a substantial holding with significant development potential in a desirable location. The property's size and zoning flexibility offer numerous possibilities for both immediate use and future expansion. Consider the potential for a mixed-use development, combining residential and commercial elements to maximize the return on investment. The existing building's substantial size provides a solid foundation for a variety of commercial operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bush
    County
    St Tammany
    State
    Louisiana
    Longitude
    -90.0005
    Latitude
    30.5633

    Comparable in this City

    • Value Estimation
      $860,000
      10,284 SF

      81550 Hwy 21

      COMMERCIAL (GENERAL) • 10,284 SF
      81550 Hwy 21, Bush, LA 70431-4434
      View Details
    • Value Estimation by Request
      9,776 SF

      81694 Hwy 21

      COMMERCIAL (GENERAL) • 9,776 SF
      81694 Hwy 21, Bush, LA 70431-4432
      View Details
    • Value Estimation by Request
      966 SF

      81755 Hwy 41

      COMMERCIAL (GENERAL) • 966 SF
      81755 Hwy 41, Bush, LA 70431-4328
      View Details
    • Value Estimation by Request
      8,190 SF

      81651 Hwy 21

      COMMERCIAL (GENERAL) • 8,190 SF
      81651 Hwy 21, Bush, LA 70431-4433
      View Details
    • Value Estimation by Request
      7,978 SF

      81801 Hwy 21

      COMMERCIAL (GENERAL) • 7,978 SF
      81801 Hwy 21, Bush, LA 70431-4415
      View Details
    • Value Estimation by Request
      18.84 Acres

      78043 La-21

      Land • 820,670 SF
      78043 La-21, Bush, LA 70431
      View Details

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    Bush, LA 70431
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    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
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