Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in St. Martinville Title is generated by Realmo AI

    Lots 171 172 173 Pratt Drive, Saint Martinville, LA 70582

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - St. Martinville, LA

    Lot size:
    0.34 Acres
    Added:
    Sep 26, 2024
    Days on Market:
    592
    Last Refresh:
    May 10 at 2:06 am

    Property Features for Lots 171 172 173 Pratt Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    305070
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Description
    LOT: LOTS 171, 172 & 173 OF PRATT SUB. PER PLAT OF SURVEY #124366COB: 471-074-124366 1000-820-233302 1258-802-284777

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Dana Gradney
    Dana Gradney

    Listing agent Dana Gradney License #995703086

    Listing office Keller Williams Realty Acadiana 100 Asma Blvd, Suite 100, Lafayette, LA

    Listing date Sep 26, 2024

    MLS# 24009174 Listing URL

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Several lots available to choose from
    • Opportunity to develop a new home site
    • Water utility available
    • New owner opportunity
    • Location coordinates provided
    • Endless opportunities

    Overview

    Several lots are available for selection, presenting opportunities for a new owner to develop a new home site. The property is located in St. Martinville, Louisiana, with the postal code 70582, in St. Martin Parish. The lot size is approximately 0.34 acres. The zoning is designated as RES.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Martinville
    County
    St. Martin
    State
    Louisiana
    Longitude
    -91.836138
    Latitude
    30.119383

    Nearby Similar for Sale

    • $350,000
      1,375 SF

      Turn-Key Commercial Opportunity on Main

      Commercial building with established branding on Main Street.
      1706 S Main Street, St. Martinville, LA 70582
      View Details
    • $347,000

      Barndominium on Bayou Tortue Acreage

      Modern barndominium on 4.5 acres with water views.
      1079 Fontelieu Road lot: 40, St. Martinville, LA 70582
      View Details
    • $85,000
      7,500 SF

      St. Martinville Car Wash For Sale

      Four-bay self-service car wash with vacuum stations and commercial setup.
      1601 S Main Street, St. Martinville, LA 70582
      View Details
    • $175,000
      3,646 SF

      Downtown St. Martinville Commercial Building

      Versatile commercial building in downtown St. Martinville, Louisiana.
      321 S Main Street, St. Martinville, LA 70582
      View Details
    • $275,000

      Commercial Land on Main Highway

      1.41 acre commercial tract with C-2 zoning.
      5559 Main Highway lot: 3, St. Martinville, LA 70582
      View Details
    • $99,000
      480 SF

      Established Snack Shack For Sale

      Turnkey snack shack in high-traffic area with ample parking.
      1716 S Main Street, St. Martinville, LA 70582
      View Details
    • $109,900
      720 SF

      Historic Commercial Building in St. Martinville

      Historic commercial building in downtown St. Martinville with modern updates.
      114 S Main Street, St. Martinville, LA 70582
      View Details
    • $399,500
      3,835 SF

      Historic St. Martinville Commercial Opportunity

      Charming two-story building in historic downtown St. Martinville.
      130 S Main Street, St. Martinville, LA 70582
      View Details
    • $350,000

      Main Street Commercial Building Opportunity

      Turn-key commercial building with established local branding on Main Street.
      1706 South Main Street, Saint Martinville, LA 70582
      View Details
    • $550,000
      6,640 SF

      St. Martinville Multifamily Investment Opportunity

      Four rental units in historic downtown St. Martinville.
      130 S Main Street, St. Martinville, LA 70582
      View Details
    • $29,000

      Land in St. Martinville, LA

      Investment opportunity: land in a convenient location.
      504 W Port Street, St. Martinville, LA 70582
      View Details
    • $60,000

      Residential Lot in St. Martinville

      Under an acre lot for residential construction in St. Martinville.
      Main Highway Lot 4-A, St. Martinville, LA 70582
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Several lots available for new home site development.
    Where is this residential land & home lot located?
    The property is located at Lots 171 172 173 Pratt Drive Saint Martinville, LA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Several lots available to choose from; Opportunity to develop a new home site; Water utility available
    (337) 962-6310
    We can help!
    Listing Contact
    Dana Gradney
    Dana Gradney
    Real Estate License ID: 995703086
    Learn More
    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
    Lots 171, 172, 173 Pratt Drive, St. Martinville, LA 70582
    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!