Property profile

17797 Airline Hwy Prairieville, LA 70769

OFF-MARKET
Motels
Property ID
US36-0451366
1.99 ac lot
Individually Owned Free & Clear
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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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

17797 Airline Hwy Prairieville, LA 70769-3701
Prairieville metro Census 30207 BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$190k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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