Financial
Distress signals
Property profile

40540 Hwy 23 Buras, LA 70041

OFF-MARKET
Other commercial real estate
Property ID
US36-1865501
1.86 ac lot Built 2005
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Commercial property located on Highway 23 in Buras, Louisiana, near Venice. The site totals approximately 6,800 square feet and was previously used as a Bait & Tackle Shop. The property includes an office building or storefront configuration and several large boat or storage sheds. It also provides three RV parking spots and includes additional open space that can support expansion, parking, or further storage. The improvements included a roof replacement and fresh interior/exterior paint.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$28k
Assessed land$5k
Assessed improvement$23k
Effective rate7.07%

Value estimate

· Sep 2026
$225k
$203k – $248k
AI approach$225k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
County average, outlier-cleaned · 43 recorded sales of this use type
Observed band · Q1–Q3$31 – $124

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPLAQUEMINES

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply8.2
Wholesale Shop7.7
Auto Parts Store8.2

Location

40540 Hwy 23 Buras, LA 70041
County assessor Recorded deeds · not on file Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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