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    Toledo Bend Lodging and Event Title is generated by Realmo AI

    4854 Carters Ferry Rd., Zwolle, LA 71486

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    For Sale
    $2,500,000

    Multi-Unit, Other,Hotel - Zwolle, LA

    Property size:
    14,324 SF
    Lot size:
    5.72 Acres
    Price / SF:
    $174/SF
    Added:
    Apr 30, 2024
    Days on Market:
    770
    Last Refresh:
    Jun 8 at 8:06 am

    Property Features for 4854 Carters Ferry Rd.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    900
    Rooms
    Laundry
    Parking features
    Garage
    Appliances
    Microwave, Refrigerator
    Standard status
    Active
    APN
    0050093262
    Size
    14,324 SF
    Lot size
    5.72 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    2503

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Water front features
    Wflake, Waterfront
    Water front
    1

    Building Details

    Year built
    1970
    Year renovated
    1970
    Floors in Building
    1
    Flooring type
    Tile
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Dayna Yeldell

    Listing agent Dayna Yeldell

    Listing office First Choice Real Estate Services 29342 Highway 191, Many, LA

    Listing date Apr 30, 2024

    MLS# 11274519 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

    • Functioning 20‑room motel with additional rentable cabins and RV hookups provides diverse income streams.
    • Waterfront location on Toledo Bend Lake with water access to San Miguel.
    • Includes an event center and outdoor open pavilion for hosting events.
    • Features 3 family suites with kitchenettes.
    • Property retains vintage charm and history from the popular Ethel's Driftwood era.
    • Offers potential for retail/office space conversion to increase rental income.

    Overview

    The Driftwood Inn and Lodge is located mid-lake on Toledo Bend with water access to San Miguel. This commercial property is a functioning 20-room motel with an event center and an outdoor open pavilion. It also features 10 RV full hookup sites, 4 rentable cabins, and 2 storage cabins that could be rentable. Additionally, there are 3 family suites with kitchenettes and 2 more spaces that could be retail or office space or converted to more rentable rooms. The property, formerly known as Ethel's Driftwood, retains its vintage charm and history from the 1970s. The property occupies a 5.72-acre lot. The building has 14,324 square feet of space. The zoning is 900. This property could be a family adventure or business deal.
    Property Profile Location Intelligence

    Current Use by Public Records

    BUDGET INN AND LODGE Hotel & Motel Driftwood Inn & Lodge ... Hotel & Motel

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Bar & Pub Grocery & Convenience Store Travel Agency Bed & Breakfast

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

    Similar Places Nearby

    • BUDGET INN AND LODGE — 4854 carters ferry rd, zwolle, la 71486
    • BJ'S 1215 Rental Camps — 94 Pine Ridge Rd, Zwolle, LA 71486
    • Friend's RV & Front Porch Bar — 65 Sky Wagon Dr, Zwolle, LA 71486

    Location Insight

    • Map
    • Local Demand
    City
    Zwolle
    County
    Sabine
    State
    Louisiana
    Longitude
    -93.711569
    Latitude
    31.532075

    FAQs

    What type of property is this?
    Motel - 20-room motel, event center, RV sites, and cabins near lake.
    Where is this motel located?
    The property is located at 4854 Carters Ferry Rd. Zwolle, LA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Functioning 20‑room motel with additional rentable cabins and RV hookups provides diverse income streams.; Waterfront location on Toledo Bend Lake with water access to San Miguel.; Includes an event center and outdoor open pavilion for hosting events.
    (318) 645-6645
    We can help!
    Listing Contact
    Dayna Yeldell
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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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