Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    721.5 Acres Near Krotz Springs Title is generated by Realmo AI

    Tract 1 Old Highway 190 Rd, Krotz Springs, LA 70750

    View on Map
    Claim this Listing
    For Sale
    $2,362,913

    LAND - Krotz Springs, LA

    Lot size:
    721.50 Acres
    Added:
    Sep 11, 2024
    Days on Market:
    620
    Last Refresh:
    May 23 at 11:06 am

    Property Features for Tract 1 Old Highway 190 Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0402158000
    Lot size
    721.50 Acres

    Taxes and HOA fees

    Tax Description
    please see legal description addendum

    We can help!

    Listing Contact
    Daniel Suire

    Listing agent Daniel Suire License #0995684824

    Listing office Real Broker, LLC 300 Rue Beauregard, Unit I, Baton Rouge, LA

    Listing date Sep 11, 2024

    MLS# 24008546 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.

    HighLights

    • 721.5 acre tract offering excellent recreational and timber investment potential.
    • Timber is ready for thinning, providing immediate return on investment.
    • Water frontage along Half Moon Bayou.
    • Located approximately 1 mile west of Krotz Springs, LA.
    • Existing hunting lease in place through the 24‑25 hunting season.
    • Pipelines create natural food plots and shooting lanes.

    Overview

    This 721.5 acre tract is located approximately 1 mile west of the town of Krotz Springs, LA, along Old Highway 190 Rd. The tract has water frontage along Half Moon Bayou. The tract also offers recreational and timber investment potential. The timber is ready for a thinning. Several pipelines cross the tract. There are several rights of way on the tract, including pipelines and a railroad. There is a current hunting lease on this property, which will carry through the 24-25 hunting season.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Krotz Springs
    County
    St. Landry
    State
    Louisiana
    Longitude
    -91.783718
    Latitude
    30.534013

    Nearby Similar for Sale

    • $480,000

      Krotz Springs Hunting Land

      160 acre hunting land in Krotz Springs, Louisiana.
      Tract 3 S Levee Road, Krotz Springs, LA 70750
      View Details
    • $240,000

      Recreational Land Near Krotz Springs

      80-acre recreational land tract near Krotz Springs, Louisiana.
      Tract 4 S Levee Rd, Krotz Springs, LA 70750
      View Details
    • $464,000

      Krotz Springs Hunting and Timber

      160 acre tract for timber investment and hunting.
      Tract 5 S Levee Rd, Krotz Springs, LA 70750
      View Details
    • $162,878

      72.39 Acres Hunting/Fishing Land

      72.39 acres of hunting and fishing land for sale.
      Tract 8 Jp Oil Rd, Krotz Springs, LA 70750
      View Details
    • $2,380,000

      850 Acres Hunting Land

      Hunting and timber production land located near Highway 71.
      Tract 9 Highway 71, Krotz Springs, LA 70750
      View Details
    • $119,100

      Hunting Land in Krotz Springs

      39.7 acres of hunting land with mature timber.
      Tract 2 Old Highway 190 Road, Krotz Springs, LA 70750
      View Details
    • $1,303,450
      10,500 SF

      Dollar Tree/Family Dollar Hybrid Store

      New 10,500 SF Dollar Tree/Family Dollar in Krotz Springs.
      24416 U.S. Hwy 190, Krotz Springs, LA 70750
      View Details

    FAQs

    What type of property is this?
    Recreation land - 721.5 acre tract with water frontage and timber investment potential.
    Where is this recreation land located?
    The property is located at Tract 1 Old Highway 190 Rd Krotz Springs, LA.
    What is the asking price?
    The asking price for this property is $2,362,913.
    What are key features of this property?
    This property features: 721.5 acre tract offering excellent recreational and timber investment potential.; Timber is ready for thinning, providing immediate return on investment.; Water frontage along Half Moon Bayou.
    (337) 658-9662
    We can help!
    Listing Contact
    Daniel Suire
    Real Estate License ID: 0995684824
    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

    Thank You for Inquiry
    Tract 1 Old Highway 190 Rd, Krotz Springs, LA 70750
    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!