Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    27218 LA-42 Highway lot 0 Springfield, LA 70462

    View on Map
    Claim this Listing
    For Sale
    $275,000

    LAND - Springfield, LA

    Property size:
    87,120 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $3/SF
    Added:
    Sep 28, 2023
    Days on Market:
    952
    Last Refresh:
    May 6 at 10:06 pm

    Property Features for 27218 LA-42 Highway lot 0

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural
    Standard status
    Active
    APN
    0060504506
    Size
    87,120 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    2 Acres Sec 41-7-6

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Marlene Coats
    Marlene Coats

    Listing agent Marlene Coats License #995686540

    Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA

    Listing date Sep 28, 2023

    MLS# 2415917 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

    • 2‑acre commercial lot with 235.7 feet of road frontage.
    • Located in the growing community of Springfield.
    • Flood Zone X (low‑risk).
    • Easy access to I‑12 and minutes from I‑55.
    • Suitable for various businesses such as restaurant, retail, or warehouse.
    • Proximity to major cities: 30 minutes to Baton Rouge, 45 minutes to New Orleans.

    Overview

    Commercial Lot in Growing Springfield

    This is a 2-acre commercial lot located in Springfield, Louisiana. The property has 235.7 feet of road frontage and is situated in Flood Zone X. The lot offers possibilities for various business ventures, including a restaurant, parts store, fast food establishment, commercial warehouse, or retail space. Springfield is experiencing growth with an influx of residents from the South Shore and Baton Rouge. The property provides convenient access to I-12 and is located minutes from I-55, approximately 30 minutes from Baton Rouge, and 45 minutes from New Orleans. An existing home on the property will be removed by the owner.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Springfield
    County
    Livingston
    State
    Louisiana
    Longitude
    -90.554168
    Latitude
    30.430965

    Nearby Similar for Sale

    • $724,000

      Springfield Land Investment Opportunity

      18.1 acres near Carter Plantation. Subdivision potential.
      WINDER Road lot: 0, Springfield, LA 70462
      View Details
    • $42,500

      Riverscape Lot Ready to Build

      Cleared lot with community amenities and river access.
      26265 Riverscape Dr, Springfield, LA 70462
      View Details
    • $142,500

      15 Acres of Versatile Land

      15-acre agricultural land in Killian, LA, with no restrictions.
      18943 Austin St, Springfield, LA 70462
      View Details
    • $109,935

      Secluded Recreational Land Near State Park

      10.469 acres of land bordered by Tickfaw State Park.
      PATTERSON Road lot: 0, Springfield, LA 70462
      View Details
    • $37,000

      Partially Wooded Lot, No Restrictions

      Expansive lot perfect for custom estate or weekend cabin.
      Tbd Carthage Bluff Rd, Springfield, LA 70462
      View Details
    • $44,900

      Corner Lot in Springfield, LA

      Unimproved corner lot with access from two streets.
      Tbd9 Pat's Lane, Springfield, LA 70462
      View Details
    • $95,000

      Residential Lot in Carter Plantation

      Corner lot in a desirable golf course community.
      24100 SNOWY EGRET Cove lot: 160, Springfield, LA 70462
      View Details
    • $225,000

      Waterfront Land with River Access

      1.394 acres waterfront land lot with boat slip.
      BD-2 MEISNER Road lot: 2, Springfield, LA 70462
      View Details
    • $60,000

      Residential Land in Springfield, LA

      0.646 acre cleared land lot in residential area.
      BD-4 MEISNER Road lot: 4, Springfield, LA 70462
      View Details
    • $32,500

      2-Acre Lot Ready to Build

      2-acre lot ideal for a quiet country retreat.
      29916 Lower Rome Rd, Springfield, LA 70462
      View Details
    • $36,000

      Springfield, LA Building Site

      2+ acre lot, ideal for a quiet country retreat.
      29890 Lower Rome Rd, Springfield, LA 70462
      View Details
    • $45,000

      2-Acre Lot in Springfield, LA

      2.12-acre lot perfect for a quiet country retreat.
      29814 Lower Rome Rd, Springfield, LA 70462
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2-acre commercial lot with road frontage in growing Springfield, LA.
    Where is this commercial land located?
    The property is located at 27218 LA-42 Highway lot 0 Springfield, LA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 2‑acre commercial lot with **235.7 feet of road frontage**.; Located in the growing community of Springfield.; Flood Zone X (low‑risk).
    (985) 727-7000
    We can help!
    Listing Contact
    Marlene Coats
    Marlene Coats
    Real Estate License ID: 995686540
    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
    27218 LA-42 Highway lot: 0, Springfield, LA 70462
    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!