Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ethel, LA Land Ready to Build Title is generated by Realmo AI

    Lot 3 Bo Derrick Dr, Ethel, LA 70730

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Unimproved Land - Ethel, LA

    Type:Unimproved Land
    Lot size:
    0.34 Acres
    Added:
    Jul 27, 2024
    Days on Market:
    677
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for Lot 3 Bo Derrick Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Additional Land Lot
    Standard status
    Active
    Lot size
    0.34 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Becky Aucoin

    Listing agent Becky Aucoin

    Listing office eXp Realty 2900 Westfork Dr, Ste 401, Baton Rouge, LA

    Listing date Jul 27, 2024

    MLS# 2024014541 Listing URL

    Copyright © 2026 Greater Baton Rouge 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.

    HighLights

    • Ready to Build: All utilities are in place and ready to tie into.
    • High and Dry: Property did NOT flood, no flood insurance required.
    • Additional Lot Available: Opportunity to purchase an adjacent lot.
    • .33 Acre Lot: Provides ample space for building.
    • Great Location: Desirable area.
    • No Mobile Homes: Ensures neighborhood consistency.

    Overview

    This 0.33-acre unimproved land lot is located in Ethel, Louisiana. The property is ready to build, high and dry, and did not flood. No required flood insurance. All utilities are in place and ready to tie into, including water, sewer, and electricity. No mobile homes are allowed. An additional lot is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Hotel & Motel Department Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ethel
    County
    East Feliciana
    State
    Louisiana
    Longitude
    -91.0826627
    Latitude
    30.8609454

    Nearby Similar for Sale

    • $891,765

      Ethel Land with Development Potential

      84+ acres in Ethel, LA, with multiple possibilities.
      1-b-3 Line Rd, Ethel, LA 70730
      View Details
    • $199,000

      Ethel, LA Vacant Land

      15 acres of wooded land near Clinton, LA.
      Tbd Battle Rd., Ethel, LA 70730
      View Details
    • $160,990

      Land for Sale in Ethel

      Land available near Highway 956 and West T Hall Road.
      25 Lillian Ln, Ethel, LA 70730
      View Details
    • $102,500

      Cleared Land Ready to Build

      4.31 acre tract ready for your dream home.
      8108 Battle Rd, Ethel, LA 70730
      View Details
    • $187,850

      Land Parcel on Lillian Lane

      Land for sale located off West T Hall Road.
      26 Lillian Ln, Ethel, LA 70730
      View Details
    • $99,500

      Ethel, LA Vacant Land

      5 acres of wooded land near Clinton, LA.
      Tbd Battle Rd., Ethel, LA 70730
      View Details
    • $899,000

      Hunting Land with River Frontage

      136.99 acres of hunting land with Comite River frontage.
      Odeal Williams Ln, Ethel, LA
      View Details
    • $4,625,000

      Land Available in Ethel, Louisiana

      Land for sale in East Feliciana Parish, Louisiana.
      11342 E Highway 955, Ethel, LA 70730
      View Details

    FAQs

    What type of property is this?
    Land - 0.33 acre lot with utilities in place, ready to build.
    Where is this land located?
    The property is located at Lot 3 Bo Derrick Dr Ethel, LA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Ready to Build: All utilities are in place and ready to tie into.; High and Dry: Property did NOT flood, no flood insurance required.; Additional Lot Available: Opportunity to purchase an adjacent lot.
    (225) 412-9982
    We can help!
    Listing Contact
    Becky Aucoin
    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

    Thank You for Inquiry
    Lot 3 Bo Derrick Dr, Ethel, LA 70730
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!