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

    lot 24&25 Richfield Pl Pineville, LA 71360

    Sponsored
    For Sale
    $109,500

    LAND - Pineville, LA

    Lot size:
    0.51 Acres
    Days on Market:
    60
    Last Refresh:
    Feb 28 at 6:06 pm

    Property Features for lot 24&25 Richfield Pl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RSF
    APN
    0504107975002501
    Lot size
    0.51 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Steven Seale
    Steven Seale

    Seale Properties LLC (318) 445-3359

    Listing agent Steven Seale (318) 715-3333

    Listing date Dec 31, 2025

    MLS# 2525140 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.

    Learn more

    Property Insight Report

    Overview

    Cleared Double Lot in Pineville

    This cleared double lot is located within the gated Richfield Subdivision in Pineville. The restricted development requires a minimum of 2200 heated square feet for new construction. Richfield Subdivision offers peace of mind with its gated entrance, well-lit streets featuring antique street lamps, and sidewalks. Residents can enjoy a common community area with a soccer field, basketball court, playground, walking trails, and a BBQ gazebo. The property can also be divided back into the original 2 lots if desired.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Pineville
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.36582
    Latitude
    31.363884

    Nearby Similar for Sale

    • $750,000
      4.00 Acres

      Profitable Motel in Growing Pollock

      Well-maintained 15-room motel on 4 acres with expansion potential.
      9693 Highway 165, Pollock, LA 71467
      View Details
    • $289,900
      3,740 SF

      Prime Ball Commercial Property

      High-visibility Hwy 165 location, versatile space.
      6865 Monroe Hwy, Ball, LA 71405
      View Details
    • $139,000
      2,000 SF

      Shop/Warehouse with Living Quarters

      Shop/warehouse with living quarters and income potential in Pineville.
      433 Sunny Hill Dr, Pineville, LA 71360
      View Details
    • $329,000
      3,740 SF

      Commercial Property on High-Traffic Highway

      Versatile commercial property with workshop, offices, and fenced yard.
      6865 Monroe Hwy, Ball, LA 71405
      View Details
    • $135,000
      1,886 SF

      Pineville Commercial Property on Highway

      Commercial property on a busy highway, suitable for various businesses.
      3402 Highway 28, Pineville, LA 71360
      View Details
    • $180,000
      1,986 SF

      Highway 28 Commercial Property

      Prime Pineville Location, High Traffic
      3402 Hwy 28 Hwy, Pineville, LA 71360
      View Details
    • $310,000
      1.52 Acres

      High-Visibility Ball, LA Commercial Land

      Prime 1.52-acre commercial lot, Highway 165 frontage.
      Highway 165, Ball, LA 71405
      View Details
    • $299,000
      4,236 SF

      Prime Pineville Commercial Building

      High-Visibility, Established Tenants, Great ROI
      1610 Melrose St, Pineville, LA 71360
      View Details
    • Contact for pricing
      2,500 SF

      1135 Expressway Dr, Pineville, LA 71360

      Commercial real estate • 2,500 SF
      1135 Expressway Dr, Pineville, LA 71360
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared double lot in gated community, ideal for dream home.
    Where is this residential land & home lot located?
    The property is located at lot 24&25 Richfield Pl Pineville, LA.
    What is the asking price?
    The asking price for this property is $109,500.
    What are key features of this property?
    This property features: - Cleared double lot ready for building in Pineville's only gated community.; - Located in Richfield Subdivision, a restricted development.; - Community amenities include soccer field, basketball court, playground, walking trails, and BBQ gazebo.
    (318) 715-3333
    Request Owner's contact information
    lot 24&25 Richfield Pl Pineville, LA 71360
    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.
    lot 24&25 Richfield Pl
    Pineville, LA 71360
    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
    lot 24&25 Richfield Pl Pineville, LA 71360
    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
    Steven Seale
    Steven Seale
    Real Estate License ID: GCLRA:0912124868
    (318) 715-3333 (318) 445-3359 (318) 445-4975
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!