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    1059 Highway 107 Brouillette, LA 71331

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    1059 Highway 107 Brouillette, LA 71331

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    • Retail properties & Spaces
    • 10,538 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1059 Highway 107

    Property size
    10,538 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 10,538-square-foot freestanding retail building presents a unique investment opportunity in Effie, Louisiana. Situated on a 1.33-acre lot at 1059 Highway 107, this single-story structure boasts excellent visibility and accessibility along a well-traveled corridor in Avoyelles Parish. The property is currently vacant and features a modern design, previously occupied by a Family Dollar/Dollar Tree store. Its location within the Center Point community offers strong potential for a variety of retail uses. The building's newer construction ensures minimal deferred maintenance, providing immediate occupancy for a new tenant. The ample lot size provides ample parking and potential for future expansion. This property is ideal for a local or regional retailer seeking a high-traffic location in a growing area. Any sublease terms are contingent upon the master landlord's approval. The property is located in Avoyelles Parish, Louisiana, with a zip code of 71331. This is a rare chance to acquire a well-situated, ready-to-occupy retail space in a desirable market. The property's size and location make it an attractive option for businesses seeking to establish or expand their presence in the area. This prime retail space offers significant potential for growth and profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brouillette
    County
    Avoyelles Parish
    State
    Louisiana
    Longitude
    -92.0469
    Latitude
    31.2693

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      3406 Hwy 107

      COMMERCIAL (GENERAL) • 0.75 Acres
      3406 Hwy 107, Effie, LA 71331
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    • Value Estimation by Request
      9.97 Acres

      1515 Hwy 107

      COMMERCIAL (GENERAL) • 9.97 Acres
      1515 Hwy 107, Effie, LA 71331
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      109 Lester Lachney Rd

      COMMERCIAL (GENERAL)
      109 Lester Lachney Rd, Effie, LA 71331-1981
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      1.25 Acres

      1005 Hwy 107

      COMMERCIAL (GENERAL) • 1.25 Acres
      1005 Hwy 107, Effie, LA 71331
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      0.25 Acres

      2915 Hwy 107

      COMMERCIAL (GENERAL) • 0.25 Acres
      2915 Hwy 107, Effie, LA 71331
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    • Value Estimation by Request
      0.44 Acres

      3369 Hwy 107

      COMMERCIAL (GENERAL) • 0.44 Acres
      3369 Hwy 107, Effie, LA 71331-1729
      View Details
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    1059 Highway 107
    Brouillette, LA 71331
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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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