Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hwy 182 / Hwy 178 Opelousas, LA 70570

    Sponsored
    For Sale
    $1,604,400

    Land - Opelousas, LA

    Lot size:
    133.71 Acres
    Days on Market:
    281
    Last Refresh:
    Feb 6 at 4:06 am

    Property Features for Hwy 182 / Hwy 178

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    133.71 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Greenwood
    Lisa Greenwood

    ICON Real Estate Co (337) 534-4099

    Listing agent Lisa Greenwood (337) 534-4099

    Listing date May 2, 2025

    MLS# 19001965 Listing URL

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Opelousas Land with Development Potential

    This property consists of approximately 133.71 acres situated between Sunset and Opelousas, Louisiana. It features extensive road frontage on two Louisiana highways, 182 and 178, and offers convenient access to I-49, located 3 miles away. The site is secluded and serene. 109.97 acres of the property have been certified as shovel ready by the Louisiana Economic Development and are located within a New Markets Tax Credit District, which offers tax credits for new development. The entire site is above the 100-year floodplain, offering development opportunities.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Opelousas
    County
    St. Landry
    State
    Louisiana
    Longitude
    -92.101
    Latitude
    30.5146

    Nearby Similar for Sale

    • $2,749,000
      2,600 SF

      Equestrian Property with Modern Amenities

      94.6-acre equestrian estate featuring extensive facilities and a restored farmhouse.
      1601 La-357, Opelousas, LA 70570
      View Details
    • $400,000
      784 SF

      Opelousas Ranch with Equestrian Potential

      13.83-acre Opelousas ranch featuring equestrian facilities and living quarters.
      1238 Montgomery Rd, Opelousas, LA 70570
      View Details
    • $225,000
      2,105 SF

      Former Learning Academy For Sale

      2,105 sqft facility on a quarter-acre corner lot.
      511 S Union St, Opelousas, LA 70570
      View Details
    • $255,000
      4,354 SF

      Opelousas Multi-Family Investment Opportunity

      Four single-family homes in Opelousas, all currently occupied.
      605 Choctaw Dr, Opelousas, LA 70570
      View Details
    • $179,000
      2,750 SF

      Opelousas Commercial Duplex For Sale

      Turnkey income-producing property in the heart of Opelousas.
      1203 S Union St, Opelousas, LA 70570
      View Details
    • $500,000
      40.00 Acres

      Opelousas Racehorse Training Facility

      Turnkey 40-acre racehorse breeding and training facility near Evangeline Downs.
      295 Jim Guillory Rd, Opelousas, LA 70570
      View Details
    • $599,000
      1,578 SF

      Opelousas Commercial Property with Businesses

      4.4 acres with I-49 frontage and multiple businesses.
      8274 I-49 Frontage Rd, Opelousas, LA 70570
      View Details
    • $70,000
      8,100 SF

      Opelousas Historic Corner Lot Property

      Historic Opelousas property with warehouse, sales floor, and loading dock.
      506 S Railroad Ave, Opelousas, LA 70570
      View Details
    • $580,000
      0.91 Acres

      Opelousas Land in Prime Location

      Corner lot ideal for convenience store or fast food restaurant.
      1130 S Union St, Opelousas, LA 70570
      View Details
    • $182,500
      1,730 SF

      Opelousas Home with New Upgrades

      2014 double-wide mobile home with new roof and flooring.
      102 Merlot Dr, Opelousas, LA 70570
      View Details
    • $875,000

      Sunset MHP Development Opportunity

      Mobile home park with RV conversion potential in Opelousas, LA.
      Highway 178, Opelousas, LA 70570
      View Details
    • $5,910,210
      4,997 SF

      Opelousas Chick-fil-A NNN Lease

      New 15-year NNN lease with rent increases and options.
      1119 E Landry St, Opelousas, LA 70570
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 133.71 acres with highway frontage and development incentives.
    Where is this agricultural land located?
    The property is located at Hwy 182 / Hwy 178 Opelousas, LA.
    What is the asking price?
    The asking price for this property is $1,604,400.
    What are key features of this property?
    This property features: - 109.97 acres certified shovel-ready by Louisiana Economic Development.; - Located within a New Markets Tax Credit District, offering tax credits.; - Entire site above the 100-year floodplain.
    (337) 534-4099
    Request Owner's contact information
    Hwy 182 / Hwy 178 Opelousas, LA 70570
    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.
    Hwy 182 / Hwy 178
    Opelousas, LA 70570
    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
    Hwy 182 / Hwy 178 Opelousas, LA 70570
    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

    We can help!
    Listing Contact
    Lisa Greenwood
    Lisa Greenwood
    Real Estate License ID: 0995695972
    (337) 534-4099
    Learn more
    Google sign-in failed. Please try again or use another login method.