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    High-Visibility Commercial Development Land Title is generated by Realmo AI

    1322 Cooktown Road, Ruston, LA 71270

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    Claim this Listing
    For Sale
    $2,500,000

    LAND - Ruston, LA

    Lot size:
    4.24 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    62
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 1322 Cooktown Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14183000003
    Lot size
    4.24 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Melanie VanBuskirk
    Melanie VanBuskirk

    Listing agent Melanie VanBuskirk License #0995697161

    Listing office Pinnacle Realty Advisors Shreveport, LA

    Listing date Apr 4, 2026

    MLS# 20820682 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

    • 4.237‑acre commercial development site at 1322 Cooktown Rd in Ruston
    • Approximately 188 ft of frontage on Cooktown Rd, less than 1/4 mile from I‑20
    • Zoned B‑4 Highway Business, allowing retail, restaurant, service businesses, office, and other highway‑oriented uses
    • Public water and public sewer available (per property information)
    • Partially cleared with trees along the perimeter; includes a residential structure with no contributory value
    • Directly across the road from a retail center anchored by Hobby Lobby, TJ Maxx, Ulta, Old Navy, and Five Below

    Overview

    A 4.237-acre commercial development site at 1322 Cooktown Road in Ruston offers a redevelopment-ready footprint with approximately 188 feet of frontage on Cooktown Rd. The property is partially cleared, with trees lining much of the perimeter, and includes an existing residential structure that is considered to have no contributory value. The parcel’s depth and configuration provide flexibility for a range of commercial development layouts, including highway-oriented projects.

    The site is located less than a quarter mile from I-20, positioned to capture visibility from the Louisiana Tech exit. It is zoned B-4 Highway Business, supporting a wide range of uses such as retail, restaurants, service businesses, office, and other highway-oriented development. Directly across the road is a retail center anchored by multiple national retailers, and nearby apartment communities help support consistent daily traffic in the corridor. The area also continues to build momentum, including the planned Buc-ee’s travel center approximately two miles away.

    This property is well suited for investors and developers seeking a land base in a growing commercial corridor with dependable regional access. The combination of highway frontage, B-4 zoning flexibility, and an adaptable parcel layout makes it a practical choice for users or developers evaluating commercial, service, or mixed-use options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ruston
    County
    Lincoln
    State
    Louisiana
    Longitude
    -92.651615
    Latitude
    32.542707

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    FAQs

    What type of property is this?
    Commercial land - Commercially zoned, partially cleared development site with strong frontage along a highway business corridor near I-20.
    Where is this commercial land located?
    The property is located at 1322 Cooktown Road Ruston, LA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 4.237‑acre commercial development site at 1322 Cooktown Rd in Ruston; Approximately 188 ft of frontage on Cooktown Rd, less than 1/4 mile from I‑20; Zoned B‑4 Highway Business, allowing retail, restaurant, service businesses, office, and other highway‑oriented uses
    (318) 347-3332
    We can help!
    Listing Contact
    Melanie VanBuskirk
    Melanie VanBuskirk
    Real Estate License ID: 0995697161
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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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    1322 Cooktown Road, Ruston, LA 71270
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