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    Old Scenic Hwy Zachary, LA 70791
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    Property profile & analytics

    Old Scenic Hwy, Zachary, LA 70791

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    • Lifestyle centers
    • 30,446 SF
    • 1.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Old Scenic Hwy

    Lot size
    1.20 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail property, located on Old Scenic Highway in Zachary, Louisiana (zip code 70791), offers 30,446 square feet of space available for sale, ground lease, or build-to-suit opportunities. The property sits on a lot ranging from 1.2 to 46.4 acres and is zoned as Planned Unit Development (PUD), allowing for a variety of uses including convenience stores, restaurants, storefronts, and shopping centers. With a triple-net (NNN) lease type and a price per square foot of $15, this location presents a compelling investment opportunity. The site boasts excellent visibility and high traffic volume (31,000 vehicles per day) and benefits from its proximity to more than 2000 approved residential lots within a half-mile radius and the Lane Regional Medical Campus, currently undergoing a $90 million renovation. The property is situated in an area with some of the highest household income demographics in Louisiana, serving an underserved retail market. This prime location within the Zachary School District makes it ideal for a range of businesses, including grocers, restaurants, retail establishments, and medical and office users. The property's strategic position and the area's rapid growth make this an unparalleled opportunity to establish a presence in a thriving business hub. The APN is 30832421.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zachary
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1931
    Latitude
    30.6488

    Comparable in this City

    • Value Estimation by Request
      20,252 SF

      5810 Main St

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      5810 Main St, Zachary, LA 70791
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      1,500 SF

      4783 Secretary Rd

      Day care centers
      4783 Secretary Rd, Zachary, LA 70791
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    • Value Estimation by Request
      1.20 Acres

      16351 Old Scenic Hwy

      Mixed-use properties
      16351 Old Scenic Hwy, Zachary, LA 70791
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    • Value Estimation by Request
      2,800 SF

      21067 Plank Rd

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      21067 Plank Rd, Zachary, LA 70791
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    • Value Estimation by Request
      2.85 Acres

      2 Tracts

      Retail properties & Spaces
      2 Tracts, Zachary, LA 70791
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    • Value Estimation by Request
      2,294 SF

      5420 Old Scenic Hwy

      Medical Office Space
      5420 Old Scenic Hwy, Zachary, LA 70791
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    Similar Nearby for Sale

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      Retail Tracts For Sale

      Retail tracts available for sale.
      2 Tracts, Zachary, LA 70791
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    • $1,750,000

      Operating Gas Station For Sale

      Gas station with 8 dispensers at Plank Road and Main.
      20191 Plank Rd, Zachary, LA 70791
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      Land in Master-Planned Americana Community

      Land for sale in walkable, amenity-rich Americana community.
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      Vacant Land in Zachary Area

      Strategically positioned land ideal for retail, office, and warehousing.
      Old Scenic Hwy, Zachary, LA 70791
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    Similar Nearby for Lease

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      1,969 SF

      Retail Space in Zachary, LA

      Retail space available for lease in Zachary, Louisiana.
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      1,200 SF

      Retail Space Near Walmart

      Retail space available in Zachary, Louisiana, near Walmart Supercenter.
      5647 Main St, Zachary, LA 70791
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      Retail Space in Zachary, Louisiana

      Retail space for lease in the heart of Zachary, Louisiana.
      4347 High St, Zachary, LA 70791
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      Zachary Retail Space For Lease

      Retail suites available in high-traffic Zachary location.
      6363 Main St, Zachary, LA 70791
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      Medical Office Space in Zachary

      Medical office space for rent in established medical park.
      4845 Main St, Zachary, LA 70791
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    • $17 SF/Yr

      Class A Office Suite

      1,674 SF office suite in Copper Mill Office Park.
      1215 Independence Blvd, Zachary, LA 70791
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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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