Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16961 Highway 5 Logansport, LA 71049

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Auction March 19, 2025: 30.63± AC with office, warehouse.

    Lot size:
    30.63 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    93
    Last Refresh:
    Apr 5 at 8:58 pm

    Property Features for 16961 Highway 5

    General Information

    Standard status
    Active
    Lot size
    30.63 Acres

    We can help!

    Listing Contact
    Jamie Coté

    Listing agent Jamie Coté

    Listing office

    Listing date Jan 27, 2026

    Source Hilcorealestatesales

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jamie Coté

    Overview

    Former Drilling Services Yard Auction

    The property, formerly an FDF Drilling Services yard, will be auctioned on March 19, 2025, at 10:00 a.m. (CT) at the DeSoto Parish Courthouse in Mansfield, Louisiana. The immovable property is located at 16961 Highway 5, Logansport, LA. The site encompasses approximately 30.63 acres and includes office, warehouse, and shop space, as well as living quarters and a large yard. Movable property included in the sale consists of tanks with drilling fluids and over 20 other tanks ranging from 10,500 to 63,000 gallons of capacity. Potential bidders must contact the Sheriff’s Office for bidding requirements. Contact Deputy Patrice Turner in the DeSoto Parish Sheriff’s Office at (318) 872-3956, extension 230, for information regarding payment terms and other details. Terms of sale are cash to the last and highest bidder on the day of the sale, subject to minimum price requirements of La. CCP art. 2336.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Logansport
    County
    De Soto
    State
    Louisiana
    Longitude
    -93.9871
    Latitude
    32.0084

    Nearby Similar for Sale

    • $595,000

      Former Dealership on Main Street

      Well-maintained Logansport dealership on 7 acres, ready for new owners.
      2002 Main, Logansport, LA 71049
      View Details
    • $134,000

      Versatile Commercial Property with Minerals

      Expansive commercial property with warehouse, office, and living quarters.
      411 Magnolia Street, Logansport, LA 71049
      View Details
    • $145,000

      Turnkey Restaurant on Large Lot

      Turnkey restaurant with drive-through on over one acre lot.
      1100 Main Street, Logansport, LA 71049
      View Details
    • $134,000
      26,000 SF

      Versatile Commercial Property with Minerals

      Expansive commercial property featuring two buildings, ideal for various ventures.
      411 Magnolia St, Logansport, LA, 71049-3335
      View Details
    • $145,000
      1,660 SF

      Turnkey Restaurant on Large Lot

      Restaurant with drive-through, storage, and parking on over one acre.
      1100 Main Street, Logansport, LA 71049
      View Details
    • $595,000

      Former Dealership on Main Street

      Well-maintained commercial property with large parking lot on seven acres.
      2002 Main, Logansport, LA 71049
      View Details

    FAQs

    What type of property is this?
    Specialty property - Auction March 19, 2025: 30.63± AC with office, warehouse.
    Where is this specialty property located?
    The property is located at 16961 Highway 5 Logansport, LA.
    What are key features of this property?
    This property features: Approximately 30.63± AC of land, ideal for various development opportunities.; Features office, warehouse, shop space & living quarters.; Large yard suitable for various industrial purposes.
    (847) 418-2187
    We can help!
    Listing Contact
    Jamie Coté
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!