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    Unrestricted Land with Metal Shop Title is generated by Realmo AI

    2834 Hwy 513, Mansfield, LA 71052

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    For Sale
    $205,500

    Commercial - Mansfield, LA

    Property size:
    1,200 SF
    Lot size:
    5.65 Acres
    Price / SF:
    $171/SF
    Added:
    Jan 3, 2026
    Days on Market:
    142
    Last Refresh:
    May 25 at 3:06 pm

    Property Features for 2834 Hwy 513

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0400705970A
    Size
    1,200 SF
    Lot size
    5.65 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Year built
    2021
    Year renovated
    2021
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Sandi Suire

    Listing agent Sandi Suire

    Listing office Clearview Realty 41 Clearview Drive, Zwolle, LA

    Listing date Jan 3, 2026

    MLS# 11624332 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

    • 5.65 unrestricted acres outside city limits: Enjoy flexibility and room to grow.
    • 30x40 metal shop (built 2021) on concrete foundation: A durable and functional workspace.
    • Roll‑up bay door and walk‑through door: Facilitates easy access.
    • 30x40 metal shed cover attached to shop: Additional covered work or storage space.
    • Ample parking and maneuvering space: Accommodates equipment or vehicles.
    • 8x12 portable building used as office space: Dedicated area for administrative tasks.

    Overview

    This commercial property is situated on 5.65 unrestricted acres outside of city limits. It features a 30x40 metal shop built in 2021 on a concrete foundation. The shop includes one roll-up bay door and one walk-through door. Attached to the main building is a 30x40 metal shed cover, providing an additional covered work bay or equipment storage area. Also on site is an 8x12 portable building currently used as office space. The land is wide open with ample parking and maneuvering space, ideal for equipment, fleet vehicles, or material storage. With no city restrictions, this property is suited for a mechanic shop, contractor yard, laydown yard, or similar commercial operation.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $132.2K
    NOI $11,894 @ 9.00% cap · cautious / downside scenario
    Moderate
    $169.9K
    NOI $11,894 @ 7.00% cap · market / base-case scenario
    Aggressive
    $237.9K
    NOI $11,894 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $18.0k $15.00
    − Vacancy −$1.0k −$0.84
    EGI $17.0k $14.16
    − OpEx −$5.1k −$4.25
    NOI $11.9k $9.91
    1,200 SF · lease $15.00/SF/yr · vacancy 5.60% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $169.9K
    $148.7K – $198.2K (±1% cap)
    NOI $11,894 @ 7.0% cap · market cap 5.79%
    Second Best
    Flex RnD
    $113.1K
    $99.0K – $132.0K (±1% cap)
    NOI $7,919 @ 7.0% cap · market cap 3.85%
    Theoretical Best
    Office A
    $253.3K
    $221.6K – $295.5K (±1% cap)
    NOI $17,729 @ 7.0% cap · market cap 8.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    De Soto
    State
    Louisiana
    Longitude
    -93.68459
    Latitude
    31.977232

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    FAQs

    What type of property is this?
    Flex space - 5.65 acres with a newer metal shop building.
    Where is this flex space located?
    The property is located at 2834 Hwy 513 Mansfield, LA.
    What is the asking price?
    The asking price for this property is $205,500.
    What are key features of this property?
    This property features: 5.65 unrestricted acres outside city limits: Enjoy flexibility and room to grow.; 30x40 metal shop (built 2021) on concrete foundation: A durable and functional workspace.; Roll‑up bay door and walk‑through door: Facilitates easy access.
    (318) 947-0447
    We can help!
    Listing Contact
    Sandi Suire
    Real Estate License ID: 0781994
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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.

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