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    250 Santiny Ln Grand Isle, LA 70358
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    Property profile & analytics

    250 Santiny Ln Grand Isle, LA 70358

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    • Small apartment buildings
    • 3.50 lot acres
    Off-Market
    Property ID
    US36-1386860
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 250 Santiny Ln

    Lot size
    3.50 lot acres
    Property type
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a unique chance to acquire a multifamily property in Grand Isle, Louisiana, located at 250 Santiny, zip code 70358, Jefferson Parish. The property, zoned R1 & R3, encompasses a substantial lot size ranging from 3.5 to 6 acres. Currently configured as an apartment building and classified as both multifamily and commercial, this property offers significant upside potential. A key feature is the right to infill to the jetties, allowing for the expansion of the acreage. This infill potential is supported by a successfully completed similar project in the area, demonstrating the feasibility of increasing the property's size. The asking price for this remarkable opportunity is $1,200,000. Note that an existing campsite is included in the sale but is not factored into the asking price. This presents a rare chance to capitalize on the unique coastal location and the potential for significant land expansion. The property's multifamily and commercial designation provides flexibility for various development strategies. Investors seeking a high-potential coastal Louisiana property should act quickly to explore this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grand Isle
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.004300877823
    Latitude
    29.233255125714

    Comparable in this City

    • Contact for pricing
      5,784 SF

      Six-Unit Apartment Building For Sale

      Six-unit apartment building with established rental income.
      151 Santiny Ln, Grand Isle, LA 70358
      View Details
    • $430,000
      0.60 Acres

      Established RV Campground in Grand Isle

      Income-producing RV campground with room to grow in Grand Isle.
      225 Smith Ln, Grand Isle, LA 70358
      View Details
    • $45,000
      0.17 Acres

      Grand Isle Land For Sale

      Land lot available in Grand Isle, Louisiana.
      Cedar Ln, Grand Isle, LA 70358
      View Details
    • $255,000
      0.98 Acres

      Grand Isle Waterfront Land

      Waterfront land near Grand Isle bridge, suitable for development.
      Highway 1, Grand Isle, LA 70358
      View Details
    • $150,000
      0.45 Acres

      Waterfront Lot in Grand Isle

      Waterfront property in Grand Isle, perfect for a summer getaway.
      E Central Ave, Grand Isle, LA 70358
      View Details
    • $45,000
      0.17 Acres

      Grand Isle Land For Sale

      50 x 150 lot in Grand Isle, Louisiana.
      Elm, Grand Isle, LA 70358
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,784 SF

      Six-Unit Apartment Building For Sale

      Six-unit apartment building with established rental income.
      151 Santiny Ln, Grand Isle, LA 70358
      View Details
    • $430,000
      0.60 Acres

      Established RV Campground in Grand Isle

      Income-producing RV campground with room to grow in Grand Isle.
      225 Smith Ln, Grand Isle, LA 70358
      View Details
    • $255,000
      0.98 Acres

      Grand Isle Waterfront Land

      Waterfront land near Grand Isle bridge, suitable for development.
      Highway 1, Grand Isle, LA 70358
      View Details
    • $45,000
      0.17 Acres

      Grand Isle Land For Sale

      Land lot available in Grand Isle, Louisiana.
      Cedar Ln, Grand Isle, LA 70358
      View Details
    • $100,000
      0.11 Acres

      Beachside Corner Lot on Highway

      Corner lot ready for a camp or seasonal rental.
      1828 Highway 1, Grand Isle, LA 70358
      View Details
    • $150,000
      0.45 Acres

      Waterfront Lot in Grand Isle

      Waterfront property in Grand Isle, perfect for a summer getaway.
      E Central Ave, Grand Isle, LA 70358
      View Details
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    Grand Isle, LA 70358
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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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