Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land on Airline Title is generated by Realmo AI

    15545 Airline Hwy, Prairieville, LA 70769

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

    Large mixed-use development opportunity in growing Prairieville, Louisiana.

    Type:Land, Retail, Special Purpose
    Added:
    Nov 6, 2019
    Days on Market:
    2381
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 15545 Airline Hwy

    General Information

    Standard status
    Active
    Property subtype
    Land, Retail, Special Purpose

    We can help!

    Listing Contact
    Michael Pou

    Listing agent Michael Pou License #LA 0000016049

    Listing office Talbot Realty Group

    Listing date Nov 6, 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 Talbot Realty Group

    HighLights

    • Largest commercial tract with the most frontage on Airline Highway in Ascension Parish.
    • Located in the fastest growing suburb of Baton Rouge and the fastest growing parish in Louisiana.
    • Generates $300,000 per year NNN rental income from the Flea Market.
    • Zoned MU (Mixed Use) allowing for a wide range of development options (multifamily, commercial/retail, medical, office, light industrial).
    • Mostly cleared and high, located in Flood Zone X.
    • Offers years of premium development inventory.

    Overview

    This large commercial tract features extensive frontage on Airline Highway in Ascension Parish, situated between Baton Rouge/Prairieville and Gonzales. Prairieville has experienced rapid growth over the past decade as a suburb of Baton Rouge, with Ascension Parish being the fastest-growing parish in Louisiana. The property is zoned MU (Mixed Use) and is mostly cleared and elevated, located in Flood Zone X. A portion of the property is currently used as The Flea Market of Louisiana, generating a rental income of $300,000 per year NNN. Given its size and location, the property is suitable for various development projects, including multifamily residential, commercial/retail, medical facilities, office spaces, and light industrial applications. This property presents a premium development opportunity in a rapidly expanding area.
    Location Intelligence

    Current Use by Public Records

    WEH INTERNATIONAL (Bike/Boat/Book/etc) Store V.A.M. Cosmetics Cosmetic Store The Flea Market of Louisiana (Bike/Boat/Book/etc) Store Vanisha Alexander-Marshall (Bike/Boat/Book/etc) Store VAM Clothing Boutique Clothing Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Prairieville
    County
    Ascension
    State
    Louisiana
    Longitude
    -90.9661077
    Latitude
    30.2948343

    Nearby Similar for Sale

    • $170,000

      Vacant Lot For Residential Development

      Unimproved land ready for your dream home in Prairieville.
      Miller Rd, Prairieville, LA 70769
      View Details
    • $120,000

      Prairieville Bayou-Front Land Opportunity

      5-acre bayou-front property in Prairieville, Louisiana, build your dream home.
      17007 Summerfield South Rd, Prairieville, LA 70769
      View Details
    • $2,900,000

      Land Near Golf Course, Bayou

      Cleared 5.36-acre land near Manchac Bayou and Santa Maria golf course.
      18794 Perkins Rd, Prairieville, LA 70769
      View Details
    • $500,000
      5,000 SF

      Prairieville Commercial Property Package

      Four single-wide properties in good condition, generating monthly income.
      37343 La Hwy 621, Prairieville, LA 70769
      View Details
    • $600,000
      5,000 SF

      Prairieville Residential Income Property Package

      Three properties generating $4,750 monthly income in Prairieville, Louisiana.
      14206 Bluff Rd, Prairieville, LA 70769
      View Details
    • $264,900

      Prairieville Land Ready for Development

      2.5-acre homesite in Prairieville, ready for your custom home.
      16274 Tillotson Rd, Prairieville, LA 70769
      View Details
    • $6,800,000
      33,744 SF

      Prairieville Shopping Center on Airline

      33,744 SF Class A shopping center on Airline Highway.
      17097 Airline Hwy, Prairieville, LA 70769
      View Details
    • $685,000

      Waterfront Land with Private Island

      135-acre undeveloped land with waterfront, island, and recreational potential.
      17206 La Hwy 431, Prairieville, LA 70769
      View Details
    • $2,092,000
      3,128 SF

      Prairieville Drive-Thru Restaurant Investment

      NNN leased Dairy Queen with drive-thru in Prairieville, LA.
      36572 C Braud Rd, Prairieville, LA
      View Details
    • $619,859
      4,340 SF

      Two-Story Office Building on Airline

      Shell condition office building for sale on Airline Highway.
      15318 Airline Hwy, Prairieville, LA 70769
      View Details
    • $183,000

      Prairieville Land for Custom Home

      1.05 acre lot for custom home in Prairieville, LA.
      40303 Causey Rd, Prairieville, LA 70769
      View Details
    • $90,000

      Prairieville Cleared Acreage For Sale

      1.08-acre cleared lot in Prairieville with highway access.
      39054 La Hwy 929, Prairieville, LA 70769
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large mixed-use development opportunity in growing Prairieville, Louisiana.
    Where is this commercial land located?
    The property is located at 15545 Airline Hwy Prairieville, LA.
    What is the asking price?
    The asking price for this property is $10,234,000.
    What are key features of this property?
    This property features: Largest commercial tract with the most frontage on Airline Highway in Ascension Parish.; Located in the fastest growing suburb of Baton Rouge and the fastest growing parish in Louisiana.; Generates $300,000 per year NNN rental income from the Flea Market.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Pou
    Real Estate License ID: LA 0000016049
    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
    15545 Airline Hwy, Prairieville, LA 70769
    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!