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    Buildable Land with Private Driveway Title is generated by Realmo AI

    10744 Monterey School Road, Vivian, LA 71082

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    Claim this Listing
    For Sale
    $44,900

    LAND - Vivian, LA

    Lot size:
    5.44 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 10744 Monterey School Road

    General Information

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

    Taxes and HOA fees

    Tax Description
    26.67 ACS-W. 880 FT OF SE/4 OF SE/4 SEC 33-22
    Tax Annual Amount
    72

    We can help!

    Listing Contact
    Kurt Clements

    Listing agent Kurt Clements License #201252982

    Listing office LISTWITHFREEDOM.COM Boynton Beach, LA

    Listing date Apr 4, 2026

    MLS# 21228847 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5.44‑acre property about 6 minutes from Vivian
    • No deed restrictions—mobile homes OK
    • Pre‑existing driveways provide private access from a paved public road, with a second driveway reaching the back
    • Power runs along the main driveway, helping reduce upfront development costs
    • Very flat, dry, highly buildable land with no floodplain or wetlands
    • New survey available; owner financing available

    Overview

    This 5.44-acre property offers a highly usable, very flat site with no floodplain or wetlands, designed to make development straightforward. Access is supported by a pre-existing driveway that leads to a paved public road, balancing convenience with privacy. A second driveway branches from the main route and extends toward the back of the property, creating an option to position a homesite farther off the front. Power already runs along the main driveway, which can help reduce early infrastructure work. The land has a new survey.

    The property is located about 6 minutes from Vivian, with easy access to nearby shopping. It also notes that there are no deed restrictions, with mobile homes permitted. Driveway access to the paved road is in place, and the site is described as dry and ready for planning your build.

    For buyers seeking space and flexibility, this parcel is a practical choice if you want privacy, a straightforward buildable layout, and power already routed along the access drive. With no deed restrictions and mobile homes allowed, it may also fit a wider range of housing and development plans, provided your intended design can work within the established driveway alignment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Vivian
    County
    Caddo
    State
    Louisiana
    Longitude
    -94.024826
    Latitude
    32.848824

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    FAQs

    What type of property is this?
    Residential land & home lot - A very flat, buildable tract with existing drive access to a paved road and power along the driveway.
    Where is this residential land & home lot located?
    The property is located at 10744 Monterey School Road Vivian, LA.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: 5.44‑acre property about 6 minutes from Vivian; No deed restrictions—mobile homes OK; Pre‑existing driveways provide private access from a paved public road, with a second driveway reaching the back
    (855) 456-4945
    We can help!
    Listing Contact
    Kurt Clements
    Real Estate License ID: 201252982
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    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.

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