Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    ALEXANDRIA Highway lot 9 Leesville, LA 71446

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $95,400

    LAND - Leesville, LA

    Added:
    Jan 6, 2025
    Days on Market:
    452
    Last Refresh:
    Apr 3 at 3:06 am

    Property Features for ALEXANDRIA Highway lot 9

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    0807835199

    Taxes and HOA fees

    TaxDescription
    LOT 9 CEDAR RIDGE

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Steven Seale
    Steven Seale

    Listing agent Steven Seale License #GCLRA:0912124868

    Listing office STEVEN SEALE PROPERTIES, LLC 1604 Metro Drive, Alexandria, LA

    Listing date Jan 6, 2025

    MLS# 2481727 Listing URL

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

    Overview

    Residential Land Lots in Leesville

    This property features large lots ranging from just under 7 acres to just over 14 acres. Located just 10 minutes from Leesville and 30 minutes from Alexandria off Alexandria Highway / Highway 28 West in Vernon Parish, this land is part of a new subdivision coming soon. The property includes two ponds, many trees, and wildlife. Restrictions include new homes only, with a minimum of 1800 square feet or larger. No mobile homes are allowed, and no lot can be divided, maintaining space between residences. This exclusive property offers only 11 large lots. Custom home builders are available and can offer a land/home package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Leesville
    County
    Vernon
    State
    Louisiana
    Longitude
    -93.265009
    Latitude
    31.160391

    Nearby Similar for Sale

    • $319,000

      35.59 Acres on Nolan Trace

      Revitalization or new development opportunity in Leesville, Louisiana.
      2109 Nolan Trce, Leesville, LA 71446
      View Details
    • $375,000
      2,700 SF

      Commercial Building on High-Traffic Corner

      Renovated commercial building with high visibility and ample parking.
      1502 S 5th St, Leesville, LA 71446
      View Details
    • $99,000
      1,960 SF

      Leesville Investment Opportunity

      Two remodeled mobile homes on a city lot in Leesville.
      1609 S. 10th St, Leesville, LA 71446
      View Details
    • $149,000

      Leesville Land with Shop

      5.53 acres near US Highway 171 with development potential.
      201 Redtown Rd, Leesville, LA 71446
      View Details
    • $325,000
      9,690 SF

      Historic Leesville Event Center

      Downtown Leesville event center with historical significance.
      108 109 N 3rd St, Leesville, LA 71446
      View Details
    • $499,900
      8,374 SF

      Leesville Strip Center For Sale

      Strip center on city water and sewer available for investment.
      12393 Lake Charles Hwy, Leesville, LA 71446
      View Details
    • $2,500,000
      8,000 SF

      Commercial Property with Modern Building

      15.56 acres with modern building and versatile shop area.
      17884 Lake Charles Hwy, Leesville, LA 71446
      View Details
    • $400,000
      5,543 SF

      Versatile Mixed-Use Investment Opportunity

      Over 5000 sq ft of rental space, five units.
      700 Nolan Trace, Leesville, LA 71446
      View Details
    • $575,000
      400 SF

      Land with Highway Visibility

      Land with city utilities and highway access for sale.
      156 Eissman Rd, Leesville, LA 71446
      View Details
    • $1,300,000
      16,250 SF

      Leesville Bowling Center with Arcade

      16-lane bowling center with arcade, concession, and full kitchen.
      1405 S 4th St, Leesville, LA 71446
      View Details
    • $95,400

      Residential Land in Leesville, LA

      Large residential lots available in new Leesville subdivision.
      ALEXANDRIA Highway lot: 11, Leesville, LA 71446
      View Details
    • $95,400

      Residential Land in Leesville, LA

      Large residential lots available in upcoming Leesville subdivision.
      ALEXANDRIA Highway lot: 10, Leesville, LA 71446
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large residential lots available in upcoming Leesville subdivision.
    Where is this residential land & home lot located?
    The property is located at ALEXANDRIA Highway lot 9 Leesville, LA.
    What is the asking price?
    The asking price for this property is $95,400.
    What are key features of this property?
    This property features: Large lots available, ranging from just under 7 acres to just over 14 acres.; Restricted to new homes only, minimum 1800 sq ft, ensuring property value and aesthetic consistency.; Exclusive subdivision with only 11 lots available.
    (318) 445-3359
    We can help!
    Listing Contact
    Steven Seale
    Steven Seale
    Real Estate License ID: GCLRA:0912124868
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!