Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land in Benson Community Title is generated by Realmo AI

    02 WPA Road, Mansfield, LA 71052

    View on Map
    Claim this Listing
    For Sale
    $39,900

    Vacant Land - Mansfield, LA

    Lot size:
    7.00 Acres
    Added:
    Dec 23, 2025
    Days on Market:
    153
    Last Refresh:
    May 25 at 2:06 pm

    Property Features for 02 WPA Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    7.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Anna Remedies

    Listing agent Anna Remedies

    Listing office Century 21 SABINE PROPERTY SHOPPE, INC. 12235 Texas Highway, Many, LA

    Listing date Dec 23, 2025

    MLS# 11622144 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Seven +/- unrestricted acres of land
    • Convenient location near Highway 171 for commuting
    • Paved street access to the property
    • Potential for residential or commercial development
    • Suitable for a manufactured home
    • Option to purchase an additional adjacent 7 +/- acre tract

    Overview

    This property features approximately seven acres of unrestricted land situated in the Benson community, located between Converse and Mansfield. The tract is accessible via paved streets and is positioned just off Highway 171, offering convenient commuting options to various parishes. The land is characterized by mostly natural regrowth timber, presenting development opportunities. While the area is primarily rural residential, it may also suit commercial purposes, particularly for oilfield services. The property is suitable for a manufactured home. An additional adjacent tract of approximately seven acres is available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Mansfield
    County
    De Soto
    State
    Louisiana
    Longitude
    -93.704309
    Latitude
    31.889108

    Nearby Similar for Sale

    • $330,000
      10,000 SF

      Spacious Commercial Property Near Highway

      Versatile commercial property suitable for medical, office, or daycare use.
      7356 Highway 509, Mansfield, LA 71052
      View Details
    • $432,000
      21,202 SF

      Versatile Commercial Property in Mansfield

      Adaptable commercial space with office, production, and warehouse capabilities.
      523 Oxford Road, Mansfield, LA 71052
      View Details
    • $265,000
      4,260 SF

      Turn-Key Office Building on Highway

      Move-in ready office building with income potential in Mansfield, LA.
      4751 US-84 E, Mansfield, LA 71052
      View Details
    • $205,500

      Unrestricted Land with Metal Shop

      5.65 acres with a newer metal shop building.
      2834 Hwy 513, Mansfield, LA 71052
      View Details
    • $39,900

      Unrestricted Land in Benson Community

      Seven acres of unrestricted land suitable for residential or commercial use.
      01 WPA Road, Mansfield, LA 71052
      View Details
    • $112,585

      Land for Homesites or Retreat

      20 acres in De Soto Parish with creek and timber.
      0 Sam Booker Road, Mansfield, LA 71052
      View Details
    • $480,000
      21,202 SF

      Versatile Commercial Property For Sale

      Adaptable commercial space with media center, warehouse, and special services building.
      523 Oxford Road, Mansfield, LA 71052
      View Details
    • $130,000

      20 Acres of Land

      20 acres of land for sale in Desoto Parish.
      0 Highway 539, Mansfield, LA 71052
      View Details
    • $112,585

      20 Acres Land in Mansfield

      20 acres of timbered land perfect for residential or recreational.
      Tbd Sam Booker Road, Mansfield, LA 71052
      View Details
    • $1,190,551
      3,404 SF

      Popeyes Restaurant in Mansfield, LA

      Popeyes restaurant for sale with a 20-year NNN lease.
      412 Washington Ave, Mansfield, LA 71052
      View Details
    • $235,000

      Prime Commercial Lot For Sale

      Corner lot suitable for restaurant development.
      1317 McArthur Drive, Mansfield, LA 71052
      View Details
    • $199,000

      Car Wash on Highway 175

      Car wash with high traffic location on Highway 175.
      1266 Pegues Street, Mansfield, LA 71052
      View Details

    FAQs

    What type of property is this?
    Land - Seven acres of unrestricted land suitable for residential or commercial.
    Where is this land located?
    The property is located at 02 WPA Road Mansfield, LA.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Seven +/- unrestricted acres of land; Convenient location near Highway 171 for commuting; Paved street access to the property
    (318) 256-6410
    We can help!
    Listing Contact
    Anna Remedies
    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
    02 WPA Road, Mansfield, LA 71052
    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!