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    For Sale (17)

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    Waterfront Land in Quiet Community
    $74,900
    1.50 Acres

    Waterfront Land in Quiet Community

    Corner waterfront lot with 520 feet of waterfront.

    lot 29&30 Muriel Ln, Lacombe, LA 70445
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    Waterfront Land in Quiet Community
    $74,900
    1.50 Acres

    Waterfront Land in Quiet Community

    Oversized waterfront lot perfect for weekend home or relaxed living.

    10 11, Lacombe, LA 70445
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    Residential Land in Quiet Community
    Contact for pricing
    1.00 Acre

    Residential Land in Quiet Community

    1.1 acre corner lot near wildlife refuge in Lacombe.

    1 2Nd St, Lacombe, LA 70445
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    Waterfront Land in Lacombe, Louisiana
    $74,900
    1.50 Acres

    Waterfront Land in Lacombe, Louisiana

    Waterfront land perfect for a weekend home or relaxed living.

    lot 8 & 9 8&9 Muriel Ln, Lacombe, LA 70445
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    Lacombe Land Near Wildlife Refuge
    $145,000
    11.66 Acres

    Lacombe Land Near Wildlife Refuge

    11.6 acres with 24 lots near boat launches.

    Lucille Dr, Lacombe, LA 70445
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    Waterfront Land in Quiet Community
    $74,900
    1.70 Acres

    Waterfront Land in Quiet Community

    Waterfront land perfect for weekend home or relaxed living.

    Mandane Dr, Lacombe, LA 70445
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    Vacant Treed Lot in Lacombe
    Contact for pricing
    0.18 Acres

    Vacant Treed Lot in Lacombe

    Vacant lot near Hwy 190, suitable for building a home.

    lot 8 & 9 N 29Th St, Lacombe, LA 70445
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    Commercial Land on Highway 22
    $390,000
    0.69 Acres

    Commercial Land on Highway 22

    Highly visible commercial property in Madisonville on a high-traffic corridor.

    1940 Highway 22, Madisonville, LA 70447
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    New Orleans Apartment Complex
    $2,850,000
    15,054 SF

    New Orleans Apartment Complex

    Apartment complex with assumable loan and condo conversion option.

    3135 Dauphine St, New Orleans, LA 70117
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    Pearl River Land For Sale
    $270,000
    3.54 Acres

    Pearl River Land For Sale

    3.539 acre lot ready for your dream home.

    62285 Highway 1091, Pearl River, LA 70452
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    Covington Land for Development
    $1,463,540
    112.58 Acres

    Covington Land for Development

    112.58 acres of wooded land near Hwy 190.

    Penn Mill Rd, Covington, LA 70435
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    Slidell Duplex with Consistent Income
    $324,900
    2,484 SF

    Slidell Duplex with Consistent Income

    Immaculately kept duplex in the heart of Slidell.

    2018 6Th St, Slidell, LA 70458
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    Commercial Land in Mandeville, LA
    $899,000
    1.84 Acres

    Commercial Land in Mandeville, LA

    Prime commercial land with high visibility and development potential.

    Highway 190, Mandeville, LA 70471
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    Lacombe Commercial Building For Sale
    $219,000
    1,600 SF

    Lacombe Commercial Building For Sale

    Multi-purpose building in high-traffic location suitable for various businesses.

    28093 Highway 190, Lacombe, LA 70445
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    Lacombe Commercial Building For Sale
    $495,000
    10,750 SF

    Lacombe Commercial Building For Sale

    Multi-purpose 10,750 sq ft building on 1.21 acres.

    28017 Highway 190, Lacombe, LA 70445
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    Covington Land with Highway Frontage
    $150,000
    3.62 Acres

    Covington Land with Highway Frontage

    3.62 acres with highway frontage near downtown Covington, Louisiana.

    Tbt Lee Rd, Covington, LA 70435
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    82333 Training Ctr Rd, Folsom, LA 70437
    $95,000
    9,490 SF

    82333 Training Ctr Rd, Folsom, LA 70437

    Commercial real estate • 9,490 SF

    82333 Training Ctr Rd, Folsom, LA 70437
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    Metropolitan Real Estate Services & Associates, Inc
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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
    Metropolitan Real Estate Services & Associates, Inc
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