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    OFF-MARKET
    Investment properties

    3010 Ray Weiland Dr, Baker, LA 70714-3252

    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US36-0181191
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 3010 Ray Weiland Dr in Baker, Louisiana, offers 4,085 square feet of versatile space, divided into two separately metered suites (approximately 2,635 SF and 1,450 SF). Each suite boasts its own exterior entrance, providing flexibility for various uses, including office, retail, or owner-occupancy. Suite A, previously an event center, features a built-out stage and DJ booth, while Suite B, formerly a tax office, offers a ready-to-use layout. The property's strategic location directly off Main Street (LA-19) ensures high visibility and easy access to a multitude of businesses, including USPS, Hancock Whitney Bank, and several national retail chains. Ten dedicated off-street parking spaces are included, addressing the parking needs of tenants or employees. The property is zoned C and features a single-story building. The asking price is $290,000, translating to $72.50 per square foot. This presents a unique opportunity for investors or business owners seeking a high-traffic location with significant potential for return. The property's ample parking and prominent location make it an ideal investment. The APN is 2343665. This is a multi-tenant property with excellent signage opportunities.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    APN 2343665
    UPID US36-0181191
    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
    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
    Meltus Dike · 7 yrs held
    Meltus Dike
    since 2018
    5 recorded transactions
    2018
    2018
    2010
    $1,500
    2010
    $55,000
    2009
    $8,100
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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