Acreage Home Site with Brick
For Sale
$365,000
413 S Elm Street, Haughton, LA 71037
CommercialSale, Haughton, LA
Property Size1,976 SF
Lot Size10.00 Acres
Price / SF$184.72
Days on Market88
Property Features for 413 S Elm Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Garage
Subdivision
Rural
Lot features
Acreage
Directions
Google maps.
Standard status
Active
APN
119839
Lot size
10.00 Acres
Taxes and HOA fees
Tax Description
BEGIN AT SW CORNER OF NW 1/4 OF SEC 28; THENC
Tax Annual Amount
1924
Legal Description
BEGIN AT SW CORNER OF NW 1/4 OF SEC 28; THENC
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
1
Flooring type
Concrete, Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
Diamond Realty & Associates
(318) 746-0011
Listed By:
Sarah McCoy · License #0995696484
(318) 746-0011
Added: Jun 6
Changed: Aug 21
Last Checked: Sep 1 at 11:06AM
MLS# 21293204
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.
Investment Insights
Based on property information with market context.
Set on 10 acres in Haughton, this property includes an existing brick, single-story home with a long layout and multiple living areas. The home offers 4 bedrooms and 2 bathrooms with 1,976 square feet of interior space, plus a wide front yard and mature wooded surroundings. The main living room features tile flooring, warm neutral tones, and a ceiling fan near the front entry.
A second oversized living area or flexible bonus space includes a dramatic stone fireplace wall with a built-in display ledge and large windows, offering room that could function as a den, game room, hobby area, or an adaptable living space. The kitchen includes abundant wood cabinetry, a tile backsplash, granite style counters, and pantry-style storage.
Outside, the property is described as peaceful and private, with towering pines, hardwoods, and wooded surroundings. For buyers looking for acreage with an existing residence and the option to remodel, personalize, or rebuild, this homesite provides the space to plan future improvements or a new build.
A second oversized living area or flexible bonus space includes a dramatic stone fireplace wall with a built-in display ledge and large windows, offering room that could function as a den, game room, hobby area, or an adaptable living space. The kitchen includes abundant wood cabinetry, a tile backsplash, granite style counters, and pantry-style storage.
Outside, the property is described as peaceful and private, with towering pines, hardwoods, and wooded surroundings. For buyers looking for acreage with an existing residence and the option to remodel, personalize, or rebuild, this homesite provides the space to plan future improvements or a new build.
Key Highlights
- 10‑acre homesite in Haughton with mature shade trees, towering pines, hardwoods, and wooded surroundings
- Brick single‑story home built in 1960 featuring 4 bedrooms and 2 bathrooms
- 1,976 SF long single‑story layout with multiple living areas and flexible bonus/oversized living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,496
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,920
$289.9K
Cap Rate 7%
$207,086
$207.1K
Cap Rate 9%
$161,067
$161.1K
Market Conditions
NOI Build-Up for 1,976 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.7K $14.04/SF
− Vacancy
−$1.4K −$0.70/SF
EGI
$26.4K $13.34/SF
− OpEx
−$11.9K −$6.00/SF
NOI
$14.5K $7.34/SF
Area
Bossier County, LA
Vacancy
5.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$289,920
Cap Rate 7%
$207,086
Cap Rate 9%
$161,067
Alternative Uses
Best Use
Apartment 5plus
$207.1K
$181.2K – $241.6K
NOI $14,496 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.4K
$294.3K – $392.4K
NOI $23,546 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 71037, LA
21,469
Population
8,554
Households
2.5
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
128.8 sq mi
ZIP Area
167
Density / Sq Mi
$71,175
Median Household Income
$39,825
Median Earnings
$1,304
Median Rent
$205,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - 10-acre homesite in Haughton featuring a single-story brick home with four bedrooms and two bathrooms.
Where is this single family property located?
The property is located at 413 S Elm Street Haughton, LA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 10‑acre homesite in Haughton with mature shade trees, towering pines, hardwoods, and wooded surroundings; Brick single‑story home built in 1960 featuring 4 bedrooms and 2 bathrooms; 1,976 SF long single‑story layout with multiple living areas and flexible bonus/oversized living space
