Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 St. Jude Lane lot 2 Saint Martinville, LA 70582

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 2 St. Jude Lane lot 2, Saint Martinville, LA
    For Sale
    Contact for pricing

    LAND - St. Martinville, LA

    Lot size:
    0.36 Acres
    Added:
    Jun 9, 2025
    Days on Market:
    308
    Last Refresh:
    Apr 12 at 6:06 am

    Property Features for 2 St. Jude Lane lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    1060001947
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Description
    LOT: ''PARCEL 2'' OF PAPA JOHN PLACE SUBDIVISION PER PLAT OF SURVEY #509759COB: 1051-843-242393 1077-064-247184 1473-209-401120 1763-081-509

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Brandi C McKnight
    Brandi C McKnight

    Listing agent Brandi C McKnight License #99564199

    Listing office RE/MAX Acadiana 114 Curran Lane, Lafayette, LA

    Listing date Jun 9, 2025

    MLS# 2500000033

    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.

    Overview

    Residential Lot in Parks School

    This 0.36-acre lot is located in a peaceful, tree-graced subdivision within the Parks School District. The residential zoning allows for mobile homes, providing flexibility for various housing options, including custom builds and manufactured housing. This lot offers the space to build and grow within a welcoming community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Saint Martinville
    County
    St. Martin
    State
    Louisiana
    Longitude
    -91.820114
    Latitude
    30.215698

    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
    • $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
    • $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
    • $185,000

      Unrestricted Land in St. Martinville

      5.089 acre tract, unrestricted, ready to build on.
      204 Black Road, St. Martinville, LA 70582
      View Details
    • $307,804

      Versatile Land Parcel For Sale

      10.99 acre commercial land parcel in St. Martinville, LA.
      Bridge Street Highway, St. Martinville, LA 70582
      View Details
    • $100,000

      Residential Land in St. Martinville

      Two residential lots totaling 1.6 acres with mature trees.
      Stephanie Drive lot: 17 & 18, St. Martinville, LA 70582
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.36-acre lot in Parks School District, mobile homes allowed.
    Where is this residential land & home lot located?
    The property is located at 2 St. Jude Lane lot 2 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: Large .36‑acre lot provides ample space for building and outdoor activities.; Mobile homes are allowed, offering flexible residential options.; Located in the highly regarded Parks School District.
    (337) 316-1320
    We can help!
    Listing Contact
    Brandi C McKnight
    Brandi C McKnight
    Real Estate License ID: 99564199
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!