Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1 And Hospital Rd New Roads, LA 70760

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 And Hospital Rd New Roads, LA 70760

    View on Map
    • Retail properties & Spaces
    • 4,000 SF
    • 0.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1 And Hospital Rd

    Lot size
    0.64 lot acres
    Property size
    4,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 0.64-acre commercial property, located at the signalized intersection of Hwy 1 and Hospital Rd in New Roads, Louisiana, presents a unique investment opportunity. The 4,000 square foot lot, zoned C-3 (Highway Commercial), boasts an enviable location on a high-traffic corner, experiencing approximately 16,900 vehicles daily. The property is ideally situated within a thriving retail corridor, surrounded by a strong mix of national and local businesses, including Burger King (directly adjacent), Walmart, McDonald's, Murphy's, Take 5 Oil Change, Best Western, Sonic, O'Reilly's, Pizza Hut, Taco Bell, Subway, Exxon, Pointe Coupee General Hospital, Daiquiri Diner, Jarreau's Restaurant, Big Boy's Drive-In, and the False River Antique Mall. Previously occupied by a drive-thru restaurant, this site offers two points of ingress and is available for sale or lease under a NNN lease structure. The asking price is $825,000. The property's APN is 00736720. Its proximity to Hwy LA-1 (False River Dr) and Baton Rouge Metropolitan Airport (BTR) further enhances its appeal. This is an exceptional opportunity to acquire a highly visible and strategically located commercial property in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Roads
    County
    Pointe Coupee Parish
    State
    Louisiana
    Longitude
    -91.4621
    Latitude
    30.6821

    Comparable in this City

    • Value Estimation by Request
      0.64 Acres

      1 And Hospital Rd

      Land • 4,000 SF
      1 And Hospital Rd, New Roads, LA 70760
      View Details
    • Value Estimation by Request
      0.64 Acres

      Hospital Rd

      Land • 0.64 Acres
      0 Hospital Rd, New Roads, LA 70760
      View Details
    • Value Estimation by Request
      1,421 SF

      509 Hospital Rd

      Automotive properties • 1,421 SF
      509 Hospital Rd, New Roads, LA 70760
      View Details
    • Value Estimation by Request
      1.02 Acres

      2500 Hospital Rd

      COMMERCIAL (GENERAL) • 1.02 Acres
      2500 Hospital Rd, New Roads, LA 70760
      View Details
    • Value Estimation by Request

      619 Main St

      COMMERCIAL (GENERAL)
      619 Main St, New Roads, LA 70760-3519
      View Details
    • Value Estimation by Request

      228 Main St

      COMMERCIAL (GENERAL)
      228 Main St, New Roads, LA 70760-3634
      View Details

    Similar Nearby for Sale

    • $160,000
      1,675 SF

      Established Restaurant in New Roads

      Family-owned restaurant with equipment included, operating since 1962.
      623 W Main St, New Roads, LA 70760
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in New Roads, Louisiana.
      925 Hospital Rd, New Roads, LA 70760
      View Details
    • $238,400
      5.96 Acres

      Land Ready For Development

      Unimproved land available for building a dream home.
      7500 Rosehill Rd, New Roads, LA 70760
      View Details
    • $110,000
      2.20 Acres

      Commercial Land in New Roads

      2.2-acre commercial lot with frontage on Hospital Rd.
      D-17-e Hospital Rd, New Roads, LA 70760
      View Details
    • $214,550
      6.13 Acres

      Residential Land in New Roads

      6.13 acre lot ready for building in New Roads.
      7602 Rosehill Rd, New Roads, LA 70760
      View Details
    • $220,150
      6.29 Acres

      Residential Land in New Roads

      6.29 acre lot ready for building your dream home.
      7622 Rosehill Rd, New Roads, LA 70760
      View Details
    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.
    1 And Hospital Rd
    New Roads, LA 70760
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!