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    Barndominium on Bayou Tortue Acreage Title is generated by Realmo AI

    1079 Fontelieu Road lot 40, Saint Martinville, LA 70582

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    Claim this Listing
    New
    For Sale
    $347,000

    LAND - St. Martinville, LA

    Lot size:
    4.50 Acres
    Added:
    May 6, 2026
    Days on Market:
    4
    Last Refresh:
    May 9 at 8:06 pm

    Property Features for 1079 Fontelieu Road lot 40

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    313425
    Lot size
    4.50 Acres

    Taxes and HOA fees

    Tax Description
    4.496 AC: TRACT A, BAYOU TORTUE, LASALLE, LAURENCE (TRACT B PER PLAT OF SURVEY #207869)COB: 1227-688-277581 1331-716-321511 1331-720-321512 1520-184-418796 1814-490-530707 1899-677-566617

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Pond
    Water front
    1

    We can help!

    Listing Contact
    William G Raines
    William G Raines

    Listing agent William G Raines License #0995684992

    Listing office HUNCO Real Estate 822 Harding St Ste 200, Lafayette, LA

    Listing date May 6, 2026

    MLS# 2600004054 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

    • 4.5 private acres with water views of Bayou Tortue.
    • Remodeled in 2022 with modern barndominium style.
    • Open studio‑style living space with sleek galley kitchen and balcony.
    • Barn with covered parking and attached workshop.
    • Double‑fenced area for equipment/RV/ATV storage plus potting shed/greenhouse.
    • Move‑in ready, low‑maintenance setup.

    Overview

    This modern barndominium, remodeled in 2022, is situated on 4.5 private acres with water views of Bayou Tortue. The property features a functional layout that offers privacy. The upper level includes an open studio-style living space with a galley kitchen featuring gold accents and wood finishes. The kitchen flows into a living area with a built-in Murphy bed, wardrobe, and office nook. A full bath with a soaking tub and a large balcony overlooking the property are also located on the upper level. The downstairs area includes laundry facilities with a dedicated dog space, a climate-controlled closet, and a large pantry/storage room. The barn provides covered parking and an attached workshop. The acreage is equipped with a double-fenced area suitable for equipment, RV, or ATV storage, as well as a potting shed/greenhouse. Mature trees and natural surroundings enhance privacy while maintaining usability. This move-in ready, low-maintenance setup offers a modern feel, making it suitable for buyers seeking land without sacrificing style or efficiency.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Spa & Massage Center Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Martinville
    County
    St. Martin
    State
    Louisiana
    Longitude
    -91.88693
    Latitude
    30.114798

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    FAQs

    What type of property is this?
    Specialty property - Modern barndominium on 4.5 acres with water views.
    Where is this specialty property located?
    The property is located at 1079 Fontelieu Road lot 40 Saint Martinville, LA.
    What is the asking price?
    The asking price for this property is $347,000.
    What are key features of this property?
    This property features: 4.5 private acres with water views of Bayou Tortue.; Remodeled in 2022 with modern barndominium style.; Open studio‑style living space with sleek galley kitchen and balcony.
    (337) 344-7173
    We can help!
    Listing Contact
    William G Raines
    William G Raines
    Real Estate License ID: 0995684992
    Learn More
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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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