20 Acres Vacant
For Sale
$190,000
55485 OLD UNEEDUS Road lot 999, Loranger, LA 70446
Vacant Land, Loranger, LA
Property Size1,600 SF
Lot Size20.00 Acres
Price / SF$118.75
Days on Market532
Property Features for 55485 OLD UNEEDUS Road lot 999
General Information
Property type
Land
Property subtype
Other
Subdivision
Not a Subdivision
Lot features
11-20 Acres
Standard status
Active
APN
664308
Size
1,600 SF
Lot size
20.00 Acres
Taxes and HOA fees
Tax Description
20.00 S1/2 of NW1/4 of NW1/4 of SEC 35 T4SR9E
Legal Description
20.00 S1/2 of NW1/4 of NW1/4 of SEC 35 T4SR9E
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Bart Gillis
(985) 727-7000
Added: Mar 12, 2025
Changed: Aug 19
Last Checked: Aug 25 at 11:06AM
MLS# 2491070
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.
Investment Insights
Based on property information with market context.
This property offers approximately 20 partially wooded acres in a rural area of Loranger, Louisiana, presenting a redevelopment opportunity. Permitted uses include both residential and commercial. The land can be re-subdivided into lots, each with a minimum of 125 feet of street frontage and a minimum area of half an acre. Mobile homes and modular homes are allowed. The majority of the acreage is located in Flood Zone X, with the right front corner situated in Flood Zone A. An approximately 1600 square foot house with 4 bedrooms and 2 bathrooms is present on the property and requires renovation; its value was not included in the listing price. Buyers should independently confirm permitted uses, zoning regulations, and re-subdivision requirements with the appropriate authorities.
Key Highlights
- 20 Acres of Land: Large parcel suitable for redevelopment.
- Residential and Commercial Uses Permitted: Flexible zoning.
- Re‑subdividable: Potential to create multiple lots (min 125' frontage, min half‑acre area).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$209,260
$209.3K
Cap Rate 7%
$149,471
$149.5K
Cap Rate 9%
$116,256
$116.3K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$20.9K $13.08/SF
− Vacancy
−$1.9K −$1.19/SF
EGI
$19.0K $11.89/SF
− OpEx
−$8.6K −$5.35/SF
NOI
$10.5K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$209,260
Cap Rate 7%
$149,471
Cap Rate 9%
$116,256
Alternative Uses
Best Use
Apartment 5plus
$149.5K
$130.8K – $174.4K
NOI $10,463 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.1K
$385.9K – $514.6K
NOI $30,875 @ 7.0% cap · market cap 16.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 70446, LA
7,255
Population
2,682
Households
2.7
Avg Household Size
39
Median Age
17%
College-Educated
79%
High-School Grad
82.6 sq mi
ZIP Area
88
Density / Sq Mi
$75,216
Median Household Income
$46,718
Median Earnings
$205,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 20 acres in Loranger, LA, suitable for residential/commercial uses.
Where is this residential land & home lot located?
The property is located at 55485 OLD UNEEDUS Road lot 999 Loranger, LA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 20 Acres of Land: Large parcel suitable for redevelopment.; Residential and Commercial Uses Permitted: Flexible zoning.; Re‑subdividable: Potential to create multiple lots (min 125' frontage, min half‑acre area).
