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    5064 Highway 84 Vidalia, LA 71373
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    5064 Highway 84 Vidalia, LA 71373

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    • Nursery and garden centers
    • 7,500 SF
    For Sale
    $379,000
    View Listing →
    Turnkey Commercial Property on Highway For Sale
    $379,000
    7,500 SF

    Turnkey Commercial Property on Highway

    Income-producing property with warehouse, office, retail space, and apartment.

    5064 Hwy 84, Vidalia, LA 71373
    View Listing
    Property ID
    US36-1931178
    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

    • Nursery and garden centers

    Property Details for 5064 Highway 84

    Property size
    7,500 SF
    Property type
    Nursery and garden centers
    Property subtype
    Office Units

    Description

    Incredible opportunity to purchase a turnkey, income-producing commercial property in a desirable, very high traffic count location with many possibilities from its current use as a nursery/landscaping business, to a lay down yard for an oil and gas company, to anything you can imagine or envision t ... o start your business or expand into the Miss-Lou! Property has a versatile warehouse with office/retail space and fronts 220' of Hwy 84 and is large enough for multi-use commercial and also includes a 2BR, 1BA apartment on second floor of main building above office/retail space. Parking for up to 15 cars in front of buildings. The accuracy of all information, regardless of source, including but not limited to, square footage and lot size is deemed reliable, but is not guaranteed and should be personally verified by buyer and/or an appropriate professional, such as a surveyor or appraiser.

    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
    Vidalia
    County
    Concordia
    State
    Louisiana
    Longitude
    -91.4909531
    Latitude
    31.5822686

    Comparable in this City

    • Contact for pricing
      7,500 SF

      Turnkey Commercial Property on Highway

      Income-producing property with warehouse, office, retail space, and apartment.
      5064 Highway 84, Vidalia, LA 71373
      View Details
    • $400,000
      0.72 Acres

      Prime Commercial Location, Vidalia, LA

      High-visibility commercial location ideal for retail, office, restaurant, or investment.
      1634 Carter St, Vidalia, LA 71373
      View Details
    • Contact for pricing
      8,058 SF

      Versatile Multiuse Building For Sale

      Multiuse building leased to professionals with ample parking.
      309 Texas St, Vidalia, LA 71373
      View Details
    • $246,000
      12.00 Acres

      Vidalia Land For Sale

      Development tract with commercial, multifamily, and single-family potential.
      Logan Sewell Dr, Vidalia, LA 71373
      View Details
    • $200,000
      2.00 Acres

      Prime Commercial Land on Highway

      Two-acre commercial lot on a busy highway.
      0000 Highway 84 W, Vidalia, LA 71373
      View Details
    • $340,000
      5,125 SF

      Highway 84 Commercial Property

      Vidalia Warehouse, Shop & Home
      4997 Highway 84, Vidalia, LA 71373
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,500 SF

      Turnkey Commercial Property on Highway

      Income-producing property with warehouse, office, retail space, and apartment.
      5064 Highway 84, Vidalia, LA 71373
      View Details
    • $400,000
      0.72 Acres

      Prime Commercial Location, Vidalia, LA

      High-visibility commercial location ideal for retail, office, restaurant, or investment.
      1634 Carter St, Vidalia, LA 71373
      View Details
    • Contact for pricing
      8,058 SF

      Versatile Multiuse Building For Sale

      Multiuse building leased to professionals with ample parking.
      309 Texas St, Vidalia, LA 71373
      View Details
    • $225,000
      Pending

      Corner Lot in Vidalia, MS

      High visibility corner lot with frontage on Hwy 84.
      Highway 84, Vidalia, LA 71373
      View Details
    • $340,000
      5,125 SF

      Highway 84 Commercial Property

      Vidalia Warehouse, Shop & Home
      4997 Highway 84, Vidalia, LA 71373
      View Details
    • $200,000
      2.00 Acres

      Prime Commercial Land on Highway

      Two-acre commercial lot on a busy highway.
      0000 Highway 84 W, Vidalia, LA 71373
      View Details

    Similar Nearby for Lease

    • $2,650 /Mo
      2,650 SF

      Vidalia Commercial Property For Rent

      Commercial property with office, crane shed, and storage shed.
      1074 J Logan Sewell Dr, Vidalia, LA 71373
      View Details
    • Contact for pricing

      Former Restaurant with Drive-Thru

      2,913 SF former Burger King with drive-thru and pylon signage.
      1115 Carter St, Vidalia, LA 71373
      View Details
    View Listing
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    5064 Highway 84
    Vidalia, LA 71373
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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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