Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    422 Acres Near Lake Maurepas Title is generated by Realmo AI

    15401 Martin Rd, Maurepas, LA 70449

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

    Land suitable for recreation, hunting, or wetland mitigation.

    Type:Land, Special Purpose
    Lot size:
    422.00 Acres
    Added:
    Mar 11, 2020
    Days on Market:
    2252
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 15401 Martin Rd

    General Information

    Standard status
    Active
    Lot size
    422.00 Acres
    Property subtype
    Land, Special Purpose

    We can help!

    Listing Contact
    Denis Murrell

    Listing agent Denis Murrell License #LA 0995692537

    Listing office Maestri Murrell Real Estate

    Listing date Mar 11, 2020

    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 Maestri Murrell Real Estate

    HighLights

    • Approximately 422 acres of property
    • Located near Lake Maurepas
    • Suitable for recreation or hunting
    • Potential use as a wetland mitigation bank
    • Adjacent to an existing wetland mitigation bank property
    • Located off Martin Rd. in Livingston Parish

    Overview

    This property encompasses approximately 422 acres situated off Martin Road in Livingston Parish, near Lake Maurepas. It is suitable for recreational or hunting purposes. The tract could also be utilized as a wetland mitigation bank, as it is adjacent to an existing wetland mitigation bank property.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Maurepas
    County
    Livingston
    State
    Louisiana
    Longitude
    -90.622591
    Latitude
    30.293529

    Nearby Similar for Sale

    • $187,777

      Waterfront Land on Amite River

      Waterfront lot with boat slip and easy access to waterways.
      18718 Bayou Pierre Dr, Maurepas, LA 70449
      View Details
    • $185,000

      Waterfront Lot Ready to Build

      Waterfront lot with bulkhead on Amite River Diversion Canal.
      11349 Home Port Dr (asc), Maurepas, LA 70449
      View Details
    • $224,500

      Waterfront Land in Gated Community

      Waterfront homesite with boathouse in gated community.
      21967 Waterfront East Dr, Maurepas, LA 70449
      View Details
    • $168,900

      Waterfront Land with RV and Dock

      Waterfront property with RV, dock, and Amite River access.
      23334 Chene Blanc Ln, Maurepas, LA 70449
      View Details
    • $81,900

      Vacant Land in Maurepas, LA

      3.10 acres of R-1 zoned land on Bear Island Rd.
      BEAR ISLAND RD. 3.10 ACRES SEC 7-9-6, Maurepas, LA 70449
      View Details
    • $75,000

      Waterfront Lot with Boat Slip

      Waterfront lot with private boat slip and cypress trees.
      19151 River Bend Rd, Maurepas, LA 70449
      View Details
    • $275,000

      275 Acres Vacant Hunting Land

      275 acre vacant land for hunting and outdoor recreation.
      TBD Gunboat Landing Rd, Maurepas, LA 70449
      View Details
    • $129,900

      Recreational Land in Maurepas Swamp

      175 acres of recreational land in the Sportsman's Paradise.
      TBD Vicknair Road, Maurepas, LA 70449
      View Details
    • $62,500

      Waterfront Lots for Home Building

      Waterfront lots ideal for building a home and enjoying nature.
      12856 St Lucia Dr, Maurepas, LA 70449
      View Details
    • $62,500

      Waterfront Lots for Home Building

      Waterfront lots ideal for building a home and enjoying nature.
      12768 St Lucia Dr, Maurepas, LA 70449
      View Details
    • $62,500

      Waterfront Lots for Home Building

      Waterfront lots ideal for building a home and enjoying nature.
      12852 St Lucia Dr, Maurepas, LA 70449
      View Details
    • $62,500

      Waterfront Lots for Home Building

      Waterfront lots perfect for building a home and enjoying nature.
      12862 St Croix Ct, Maurepas, LA 70449
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for recreation, hunting, or wetland mitigation.
    Where is this land located?
    The property is located at 15401 Martin Rd Maurepas, LA.
    What is the asking price?
    The asking price for this property is $1,055,000.
    What are key features of this property?
    This property features: Approximately 422 acres of property; Located near Lake Maurepas; Suitable for recreation or hunting
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Denis Murrell
    Real Estate License ID: LA 0995692537
    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

    Thank You for Inquiry
    15401 Martin Rd, Maurepas, LA 70449
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!