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    US-165 Woodworth Plz Woodworth, LA 71485
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    US-165 Woodworth Plz Woodworth, LA 71485

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for US-165 Woodworth Plz

    Year built
    2022
    Property type
    Retail properties & Spaces

    Description

    This exceptional single-tenant retail space, located at Woodworth Plaza on Highway 165 in Woodworth, Louisiana, presents a prime opportunity for businesses seeking high visibility and convenient access. The property, built in 2022, boasts a total of 2,117 square feet within a single, one-story building. Situated in Rapides Parish, this shopping center benefits from municipal/electric power. Its strategic location along Highway 165 ensures excellent exposure to a significant volume of traffic. The property is ideally suited for a variety of retail uses, including restaurants, retail shops, or medical/professional offices. This is a rare chance to establish a presence in a brand-new development within a thriving community. The property's modern construction and convenient location make it an attractive option for businesses seeking to expand or establish a new location in the Woodworth area. Two spaces are currently available for lease. This is a turn-key opportunity to capitalize on the growth potential of this rapidly developing area. The property's single-tenant configuration offers simplicity and control, making it an attractive investment for businesses of all sizes. Contact us today to learn more about this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Woodworth
    County
    Rapides Parish
    State
    Louisiana
    Longitude
    -92.5594
    Latitude
    31.1686

    Comparable in this City

    • Value Estimation by Request
      8,700 SF

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      MINI-MALL • 8,700 SF
      9338 Hwy 165th S, Woodworth, LA 71485-9790
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    • Value Estimation
      $1,025,000
      10,405 SF

      9413 Hwy 165th S

      RETAIL STORES (PERSONAL SERVICES) • 10,405 SF
      9413 Hwy 165th S, Woodworth, LA 71485-9787
      View Details
    • Value Estimation by Request
      4.00 Acres

      Hwy 165

      VACANT COMMERCIAL LAND • 4.00 Acres
      Hwy 165, Woodworth, LA 71485
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    • Value Estimation by Request
      3.00 Acres

      Woodworth, LA 71485

      OFFICE (GENERAL) • 3.00 Acres
      Woodworth, LA 71485
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    • Value Estimation by Request
      10.30 Acres

      Coulee Xing Rd

      VACANT COMMERCIAL LAND • 10.30 Acres
      Coulee Xing Rd, Woodworth, LA 71485
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    • Value Estimation by Request

      Hwy 165

      VACANT COMMERCIAL LAND
      Hwy 165, Woodworth, LA 71485
      View Details

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    Woodworth, LA 71485
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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.

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