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    Gated Land in Historic Subdivision Title is generated by Realmo AI

    210 MATTINGLY Lane lot 10, Madisonville, LA 70447

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    Claim this Listing
    For Sale
    $129,900

    LAND - Madisonville, LA

    Lot size:
    3.31 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    96
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 210 MATTINGLY Lane lot 10

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A2
    Security features
    Security
    Exterior features
    Security Cameras
    Standard status
    Active
    APN
    10
    Lot size
    3.31 Acres

    Taxes and HOA fees

    Tax Description
    LOT 10 CLAIBORNE OAKS CONT 3.314 ACS INST NO 928721 INST NO 1329685 INST NO 1541064 INST NO 1638307 INST NO 1648614 INST NO 1655754 INST NO 1958414

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Robyn Schmitt
    Robyn Schmitt

    Listing agent Robyn Schmitt License #995687935

    Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA

    Listing date Feb 27, 2026

    MLS# 2545107 Listing URL

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

    HighLights

    • 3.314‑acre lot in a gated subdivision with historic live oak trees and stately homes.
    • Located in St. Tammany Parish, known for its leading public schools with high ACT scores.
    • Minimum 4,000 sq ft home requirement ensures high property values and quality construction.
    • Each lot is at least 2 acres, providing enhanced privacy for residents.
    • Gated community with security cameras at the front entrance.
    • Land with historical significance, including potential for discovering Native American artifacts and legends of buried treasure.

    Overview

    This 3.314-acre lot presents an amazing opportunity to build a dream home within a gated subdivision characterized by historic Live Oak Trees and stately residences. Lot #10 offers additional privacy due to the undeveloped area situated behind it. The land carries historical significance, featuring Live Oak Trees estimated to be over 350 years old and once serving as hunting, living, and fishing grounds for the Acolapissa Indians, a subgroup of the Choctaw tribe. Their trails traversed directly through the subdivision, and residents and locals have discovered Indian arrowheads, old cast iron pots, pottery, and other artifacts. The subdivision derives its name from Louisiana's 1st governor, Governor William C.C. Claiborne. According to legend, Gov. Claiborne swindled gold from Jean Lafitte and buried the treasure on the land. The association mandates a minimum heated/cooled area of 4,000 sq ft for homes, and no lot is smaller than 2 acres. St. Tammany public schools are a leader in education, exceeding both state and national averages and earning the highest average ACT score of all districts in Louisiana. The front entrance is equipped with security cameras. This private 28-lot community offers the opportunity to own a piece of history and build a dream home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Storage Facility Electrical Service Electronics & Wireless Store Clothing & Fashion Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    St. Tammany
    State
    Louisiana
    Longitude
    -90.188751
    Latitude
    30.420108

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    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream home on this private, historic 3.314-acre lot.
    Where is this residential land & home lot located?
    The property is located at 210 MATTINGLY Lane lot 10 Madisonville, LA.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: 3.314‑acre lot in a gated subdivision with historic live oak trees and stately homes.; Located in St. Tammany Parish, known for its leading public schools with high ACT scores.; Minimum 4,000 sq ft home requirement ensures high property values and quality construction.
    (504) 908-5037
    We can help!
    Listing Contact
    Robyn Schmitt
    Robyn Schmitt
    Real Estate License ID: 995687935
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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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