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    Land Along Bayou Teche Title is generated by Realmo AI

    1630 Hebert Lane lot 1B-3, Saint Martinville, LA 70582

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    Claim this Listing
    For Sale
    $168,000

    LAND - St. Martinville, LA

    Lot size:
    2.74 Acres
    Added:
    Aug 24, 2022
    Days on Market:
    1366
    Last Refresh:
    May 20 at 4:06 pm

    Property Features for 1630 Hebert Lane lot 1B-3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    1060004119
    Lot size
    2.74 Acres

    Taxes and HOA fees

    Tax Description
    LOT: TRACT 1B-3 PER PLAT OF SURVEY #496059COB: 964-695-226541 975-796-228618 1089-505-249187 1408-728-368367 1646-018-465905 1669-076-474072 1729-132-496059 1729-139-496060 1832-108-538869

    Utilities

    Utilities
    Electricity Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Brandi C McKnight
    Brandi C McKnight

    Listing agent Brandi C McKnight License #99564199

    Listing office RE/MAX Acadiana 114 Curran Lane, Lafayette, LA

    Listing date Aug 24, 2022

    MLS# 22008046 Listing URL

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private, gated 2.74‑acre lot within a 10‑acre development on Bayou Teche.
    • Includes a private boat slip with direct access to Bayou Teche.
    • Stocked fishing pond on the property.
    • Located in Parks, between Breaux Bridge and St. Martinville in St. Martin Parish.
    • Entire development is fenced and gated for enhanced security.
    • Landscaped with mature live oaks, pecan, and cypress trees.

    Overview

    This 2.74-acre residential lot is located in a gated private development on Hebert Lane, situated midway between Breaux Bridge and St. Martinville in Parks. The property includes a boat slip with direct access to the Bayou Teche, as well as access to a stocked fishing pond. The entire development is fenced and gated, and features landscaping with mature live oaks, pecan, and cypress trees. This lot is located in St. Martin Parish and offers the opportunity to build a dream home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Gym & Fitness Center Pharmacy Storage Facility HVAC Service Garden Center Cafe & Coffee Shop Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Martinville
    County
    St. Martin
    State
    Louisiana
    Longitude
    -91.837809
    Latitude
    30.228901

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    FAQs

    What type of property is this?
    Residential land & home lot - 2.74 acre lot with boat slip on Bayou Teche.
    Where is this residential land & home lot located?
    The property is located at 1630 Hebert Lane lot 1B-3 Saint Martinville, LA.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: Private, gated 2.74‑acre lot within a 10‑acre development on Bayou Teche.; Includes a private boat slip with direct access to Bayou Teche.; Stocked fishing pond on the property.
    (337) 316-1320
    We can help!
    Listing Contact
    Brandi C McKnight
    Brandi C McKnight
    Real Estate License ID: 99564199
    Learn More
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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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    1630 Hebert Lane lot: 1B-3, St. Martinville, LA 70582
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