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Property profile & analytics
OFF-MARKET
Motels
17797 Airline Hwy, Prairieville, LA 70769-3701
Individually Owned
Free & Clear
Property ID
US36-0451366
Property summary
AI-generated overview
This 21-room motel presents a compelling investment opportunity in Prairieville, Louisiana. Located on a 1.99-acre lot at 17797 Airline Highway, this property boasts a 98% occupancy rate, offering immediate income potential for owner-operators. The motel features 21 keys and is situated on a major thoroughfare, Airline Highway, between Old Perkins Road and the parish line. Its strategic location provides easy access to numerous amenities, including nearby apartments, dealerships, grocery stores, contractors, and major retailers like Walmart and Life Storage. The property is zoned RU and presents a significant value-add opportunity, with potential for redevelopment given its size and location. The asking price is $699,000. The single-story building sits on a substantial lot, offering ample space for expansion or future development. This is a turnkey operation currently open for business
Property profile
Verified
Property type
Motels
Use group
MOTEL
Lot
1.99 ac (86,684 SF)
APN
4982800
UPID
US36-0451366
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Royal Motel U.S HIGHWAY 61 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
MISAKO HAMILTON
MISAKO HAMILTON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Prairieville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prairieville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,470
Tax year 2023
Assessed value
$61,150
Assessed 2023
Previous assessed
$61,150
+0.0% YoY
Effective rate
12.22%
On assessed value
Assessed land
$19,900
Assessed improvement
$41,250
Land market value
$199,000
Improvement market value
$275,000
Total market value
$474,000
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Heating
NONE
Lot
1.99 ac (86,684 SF)
APN
4982800
UPID
US36-0451366
Jurisdiction
ASCENSION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.99 ac
Current owner
From public records · entity-resolved
MISAKO HAMILTON
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 384, PRAIRIEVILLE, LA 70769-0384
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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