Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land with Boathouse Title is generated by Realmo AI

    113 Choctaw Trail, Delhi, LA 71232

    View on Map
    Claim this Listing
    For Sale
    $104,900

    Vacant Land - Delhi, LA

    Lot size:
    0.40 Acres
    Added:
    Jul 25, 2025
    Days on Market:
    303
    Last Refresh:
    May 23 at 1:06 pm

    Property Features for 113 Choctaw Trail

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0100185101
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Lemoine

    Listing agent Richard Lemoine

    Listing office National Land Realty, Northeast LA 7 Purvis Lane, Delhi, LA

    Listing date Jul 25, 2025

    MLS# 11545516 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

    • Boathouse on Poverty Point Reservoir, known for excellent fishing.
    • Prime location on one of the best fishing coves.
    • Small boat lift included with the boathouse.
    • Covered fishing area for all‑weather use.
    • Proximity to record‑breaking bass fishing location.
    • Two‑room house with air conditioning included.

    Overview

    This 0.4-acre waterfront land includes a boathouse situated on Poverty Point Reservoir, known for its fishing. The boathouse is built over the water and features a small boat lift. The structure includes two air-conditioned rooms but no bathroom. A covered area with two shuttered openings provides sheltered fishing regardless of the weather. The property is located in Delhi, LA. HOA building restrictions apply.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Delhi
    County
    Richland
    State
    Louisiana
    Longitude
    -91.480455
    Latitude
    32.509567

    Nearby Similar for Sale

    • $525,000

      Waterfront Land with Solar Panels

      Pristine waterfront property on Poverty Point Lake with many amenities.
      5823 Highway 17, Delhi, LA 71232
      View Details
    • $1,400,000
      2,800 SF

      37 Acre Estate Near Poverty Point

      Estate near Poverty Point Lake with luxury home and amenities.
      6019 Highway 17 North, Delhi, LA 71232
      View Details
    • $680,000
      1,600 SF

      Turnkey Pasture Property Near META

      10-acre fenced pasture with home and shop near META Data Center.
      37 Dalton Road, Delhi, LA 71232
      View Details
    • $619,500

      Vacant Land Near Delhi, LA

      41.3 acres of vacant land suitable for multiple uses.
      0 Hwy 854, Delhi, LA 71232
      View Details
    • $55,000

      Waterfront Lot on Poverty Point

      Waterfront lot on 2,700-acre lake near Delhi, Louisiana.
      000 Cherokee Dr, Delhi, LA 71232
      View Details
    • $85,000

      Residential Land on Poverty Point

      0.35 acre lot with shoreline on Poverty Point Reservoir.
      117 Comanche Trail, Delhi, LA 71232
      View Details
    • $255,000

      17 Acres Near Meta AI

      17 acres suitable for residential or commercial development near Meta.
      0 Charlie Kie Rd, Delhi, LA 71232
      View Details
    • $245,000

      Vacant Land in Delhi, LA

      23 acres of vacant land for sale in Delhi, LA.
      000 Jericho Rd, Delhi, LA 71232
      View Details
    • $429,000
      4 SF

      4.17 Acres in Delhi, LA

      4.17 acres available near Interstate 20 and Broadway Street.
      117 Sharon Street, Delhi, LA 71232
      View Details
    • $975,000
      2 SF

      Land Available for Sale

      Land available for sale in Delhi, Louisiana.
      1018 Broadway Street | Delhi, LA 71232, LA 71232
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land with boathouse on Poverty Point Reservoir.
    Where is this waterfront land located?
    The property is located at 113 Choctaw Trail Delhi, LA.
    What is the asking price?
    The asking price for this property is $104,900.
    What are key features of this property?
    This property features: Boathouse on Poverty Point Reservoir, known for excellent fishing.; Prime location on one of the best fishing coves.; Small boat lift included with the boathouse.
    (318) 669-3414
    We can help!
    Listing Contact
    Richard Lemoine
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    113 Choctaw Trail, Delhi, LA 71232
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!