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    Property profile & analytics
    FOR LEASE
    Commercial land

    38469 Highway 42, Prairieville, LA 70769

    9.09 ac lot
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US36-0771615
    Property summary
    AI-generated overview

    This exceptional 12,000 square foot retail space presents a prime opportunity in Prairieville, Louisiana. Located at 38469 Hwy 42, this single-tenant building sits on a 1.26-acre lot and enjoys a highly visible position at the entrance to the new Windsor Park residential community, a development encompassing 92 homes. The property benefits from its proximity to a major intersection – less than a mile east of Airline Hwy and Hwy 42, one of Prairieville's busiest thoroughfares, experiencing approximately 23,196 vehicles daily. The surrounding area is characterized by a dense residential population, further enhanced by the construction of several new neighborhoods including Windsor Park and The Meadows at Oak Grove. Recent road improvements on this section of Hwy 42 have significantly enhanced accessibility and traffic flow, making this location even more attractive. This proposed upscale building offers flexibility

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 9.09 ac (395,960 SF)
    APN 5531000
    UPID US36-0771615
    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
    $720k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $820k
    Owner & transaction history
    Db Windsor LLC · 5 yrs held
    Db Windsor LLC
    since 2020
    Last sale
    $830,384
    1 recorded transaction
    2020
    $830,384
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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