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    Mer Rouge Farm/Estate Opportunity Title is generated by Realmo AI

    10708 Green Ln., Mer Rouge, LA 71261

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    Claim this Listing
    For Sale
    $400,000

    Farm/Estate - Mer rouge, LA

    Type:Farm
    Lot size:
    70.00 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    75
    Last Refresh:
    May 23 at 8:06 am

    Property Features for 10708 Green Ln.

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Parking features
    Garage
    Standard status
    Active
    APN
    92107110050017A
    Lot size
    70.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    259

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dennis Matlock

    Listing agent Dennis Matlock

    Listing office Brown Realty Co. of Rayville, Inc. PO Box 83, Rayville, LA

    Listing date Mar 10, 2026

    MLS# 11678179 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 54.75 acres of tillable land suitable for row crop production
    • Public water and electricity available on site
    • Concrete pad in place for barn or mobile home
    • Equipped for irrigation with a re‑lift station
    • Soils well‑suited for agricultural use (Rilla‑Herbert and Portland silt loam)
    • Suitable for family farm operation or investor portfolio

    Overview

    This farm presents an opportunity for a family farm operation or an investor seeking to expand their farmland portfolio. The property encompasses approximately 70 acres, including around 54.75 acres of tillable land suitable for row crop production. A concrete pad is in place for a barn or mobile home. Public water and electricity are available on site. The farm is equipped for irrigation, featuring a re-lift station at the Bonne Idee that feeds a riser for furrow irrigation. The soil composition includes Rilla-Herbert and Portland silt loam, which are conducive to agricultural use. Farm numbers are 3657 and 2819.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Mer Rouge
    County
    Morehouse
    State
    Louisiana
    Longitude
    -91.71254
    Latitude
    32.818751

    Nearby Similar for Sale

    • $230,260

      Farm Land Near Bayou Bonne

      39.7 acres of surveyed, irrigatable farmland in Morehouse Parish.
      0 Green Lane, Mer Rouge, LA 71261
      View Details
    • $80,000

      Bayou Frontage Recreational Land

      3-acre lot with bayou frontage and recreational features.
      11720 Hideaway Rd., Mer Rouge, LA 71229
      View Details

    FAQs

    What type of property is this?
    Farm - 70-acre farm with tillable land and utilities in Mer Rouge.
    Where is this farm located?
    The property is located at 10708 Green Ln. Mer Rouge, LA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Approximately 54.75 acres of tillable land suitable for row crop production; Public water and electricity available on site; Concrete pad in place for barn or mobile home
    (318) 728-9544
    We can help!
    Listing Contact
    Dennis Matlock
    Request Owner's contact information
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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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