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    12404 Mansfield Rd Keithville, LA 71047

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    Vacant industrial land for sale or lease in Keithville.

    Type:Land
    Lot size:
    8.00 Acres
    Added:
    Jul 18, 2019
    Days on Market:
    2469
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 12404 Mansfield Rd

    General Information

    Standard status
    Active
    Lot size
    8.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Chris Stokes

    Listing agent Chris Stokes License #LA BROK.995717623-ASA

    Listing office Walker-Alley & Associates LLC

    Listing date Jul 18, 2019

    Source Crexi

    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 Walker-Alley & Associates LLC

    Overview

    Keithville Industrial Land Available

    Vacant industrial land is available for sale or lease in Keithville. The property consists of 8 acres and is located next door to a new Dollar General, which is scheduled for construction in 2025. A shared driveway off Hwy 171/Mansfield Road will provide access. The property is level and well-drained. It offers access from Mansfield Rd/Hwy 171 and the Keithville-Kingston Hwy. Driveways are available on both Keithville Kingston Hwy and Hwy 171 Mansfield Road. The property can be subdivided. There are restricted uses for the property, including Family Dollar Store, Bill’s Dollar Store, Dollar Tree, Dollar Zone, Variety Wholesale, Dollar Express, Ninety-Nine Cents Only, Deals, Bonus Dollar, Maxway, Super Ten, Planet Dollar, Big Lots, Walgreens, CVS, Rite Aid, any Wal-Mart concept, unlawful purpose, discotheque, dance hall, night club, massage parlor, funeral parlor, bingo parlor, car wash, uses emitting strong odors, assembling, manufacturing, distilling, refining, smelting, agricultural, or mining operation, second hand store, liquidation outlet, mobile home park, trailer court, labor camp, junk yard, recycling facility, stock yard, garbage disposal, dry cleaners performing on-site cleaning services, automobile, truck, trailer or recreational vehicles sales, leasing, storage, display or body shop repair operation, living quarters, sleeping apartments or lodging rooms, veterinary hospital or animal raising facilities, establishments selling paraphernalia for use with illicit drugs, adult bookstores, adult video stores, adult movie theaters, bars or taverns, pool or billiard halls, gun ranges or shooting galleries, amusement or video arcades, uses which creates fire, explosives or other hazards, and facilities for the use of treating addiction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Garden Center Discount Store Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Keithville
    County
    Caddo
    State
    Louisiana
    Longitude
    -93.8299248
    Latitude
    32.3322612

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    FAQs

    What type of property is this?
    Industrial land - Vacant industrial land for sale or lease in Keithville.
    Where is this industrial land located?
    The property is located at 12404 Mansfield Rd Keithville, LA.
    What is the asking price?
    The asking price for this property is $817,200.
    What are key features of this property?
    This property features: Prime location next to a new Dollar General (construction in 2025) with shared driveway, offering potential synergy and customer traffic.; Accessibility from both Hwy 171/Mansfield Road and Keithville‑Kingston Hwy, providing multiple access points.; Level and well‑drained 8‑acre vacant industrial land, suitable for various development purposes.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Stokes
    Real Estate License ID: LA BROK.995717623-ASA
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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.

    More about this property
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