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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9611 Maurice Ave Maurice, LA 70555-3254

    • Commercial real estate
    • 10,500 SF
    • 2.11 lot acres
    OFF-MARKET
    Value Estimations
    $1,690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1589288
    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.

    Current Use by Public Records

    • Snap Fitness Maurice / Gym & Fitness Center
    • Edward Jones - Financial Advisor: Jason E Duhon, ChFC®|AAMS™ / Financial Advisor
    • UPS Authorized Shipping Provider / Courier Service / Postal Service
    • Chill-House: Froyo and Coffee Shop / Grocery & Convenience Store / Specialty Food Shop
    • Prime / Restaurant

    Property Details for 9611 Maurice Ave

    Year built
    2018
    Lot size
    2.11 lot acres
    Property size
    10,500 SF
    Property type
    Commercial real estate
    APN
    RM062530
    APU
    RM062530

    Description

    This exceptional 3,000 square foot retail center in Maurice, Louisiana, presents a unique investment opportunity. Built in 2017, the property boasts two suites, each offering 1,500 square feet of versatile space, currently entirely vacant. Strategically located at 9611 Maurice Ave, 70555, in Vermilion Parish, this center benefits from high visibility on Highway 167 (over 24,000 vehicles per day), enhanced by pylon signage opportunities. The property enjoys a prime location across from a planned grocery-anchored center, capitalizing on the significant residential growth in the area (1,200+ lots developed within a 5-mile radius, with approximately 465 already complete). The strong demographics are further supported by a median household income of approximately $81,000 within a 10-minute drive. Current tenants in the center include Snap Fitness, Prime Kitchen and Nutrition, Edward Jones, and Brasseaux's True Value Hardware, demonstrating the area's robust commercial activity. This property offers an excellent chance to establish a thriving business in a rapidly expanding market. The entire 3,000 square feet is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,020,000
      6.5%
      $1,865,000
      7%
      $1,735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,833,000
      Market price range: $793k - $1.88M
      AI Estimate
      $1,367,000
      Market price range: $442k - $1.44M

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

    Location Insight

    • Map
    • Local Demand
    City
    Maurice
    County
    Vermilion
    State
    Louisiana
    Longitude
    -92.1244
    Latitude
    30.1023
    CBSA code
    29180
    CBSA name
    LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,923
    $14,791
    $183,951
    $198,742
    -
    $147,910
    $1,226,340
    $1,374,250

    Comparable in this City

    • Value Estimation by Request
      7.97 Acres

      Milton Rd

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      0 Milton Rd, Maurice, LA 70555
      View Details
    • Value Estimation by Request
      3.00 Acres

      4084 Beau Rd

      COMMERCIAL (GENERAL) • 3.00 Acres
      4084 Beau Rd, Maurice, LA 70555-3750
      View Details
    • Value Estimation by Request
      1.22 Acres

      4264 Woodlawn Rd

      COMMERCIAL (GENERAL) • 1.22 Acres
      4264 Woodlawn Rd, Maurice, LA 70555-3444
      View Details
    • Value Estimation by Request
      1.16 Acres

      292 Etienne Rd

      COMMERCIAL (GENERAL) • 1.16 Acres
      292 Etienne Rd, Maurice, LA 70555-3247
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    • Value Estimation by Request

      7520 La Hwy 343

      COMMERCIAL (GENERAL)
      7520 La Hwy 343, Maurice, LA 70555
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    • Value Estimation by Request
      0.15 Acres

      7792 Maurice Ave

      COMMERCIAL (GENERAL) • 0.15 Acres
      7792 Maurice Ave, Maurice, LA 70555
      View Details

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    • $85,000
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      Over an acre of land in Vermillion Parish, Flood Zone X.
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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Vacant Land on Maurice Avenue

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    • $3,100 /Mo

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      Unique wedding and event venue with rustic charm and historical significance.
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    9611 Maurice Ave
    Maurice, LA 70555-3254
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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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