Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land in Growing Zone Title is generated by Realmo AI

    1816 Highway 311, Schriever, LA 70395

    View on Map
    Claim this Listing
    For Sale
    $590,000

    2.21 acre cleared tract in high-demand area.

    Type:Land
    Lot size:
    2.21 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    65
    Last Refresh:
    Mar 31 at 8:18 pm

    Property Features for 1816 Highway 311

    General Information

    Standard status
    Active
    Lot size
    2.21 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Molly Usie

    Listing agent Molly Usie License #912122266

    Listing office KELLER WILLIAMS REALTY BAYOU P

    Listing date Mar 30, 2026

    Source Compass

    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 KELLER WILLIAMS REALTY BAYOU P

    HighLights

    • 2.21 acre cleared, ready‑to‑build tract in a high‑growth area.
    • Prime visibility with direct frontage on Highway 311.
    • Located in a high‑traffic location alongside Rebecca Truck Plaza and near established industrial and commercial operations.
    • Convenient access to Highway 90 and directly across from Fletcher Technical Community College, BP, and Hunting Energy.
    • Recently surveyed and professionally staked for clear development path.
    • Offered below current appraised value.

    Overview

    This 2.21-acre cleared tract presents a strategic investment opportunity in a rapidly growing area. The property offers prime visibility with direct frontage on Highway 311, making it suitable for various commercial, industrial, or investment uses. Situated next to Rebecca Truck Plaza and surrounded by established industrial and commercial operations, the property benefits from consistent traffic flow and a strong business presence. It is located directly across from Fletcher Technical Community College, BP, and Hunting Energy, and is just seconds from Highway 90, providing convenience and accessibility in a developing corridor. The property has been recently surveyed and professionally staked, offering a clear path forward for development. Access is available via Rebecca Plantation Boulevard, the side street bordering the property, allowing for flexible entry and layout options. Restrictive Covenants are in place and copies are available upon request. The previous seller retains a right of first refusal, and mineral rights are reserved. The property is ready to build.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Schriever
    County
    Terrebonne
    State
    Louisiana
    Longitude
    -90.8137904
    Latitude
    29.678487

    Nearby Similar for Sale

    • $590,000

      Schriever Commercial Land Opportunity

      2.21 acre commercial land in high-growth area.
      1816 Hwy 311, Schriever, LA 70395
      View Details
    • $545,000

      Cleared Land in Schriever, LA

      8.95 acres of unrestricted land near Houma and Thibodaux.
      2081 W Park Avenue, Schriever, LA 70395
      View Details
    • $26,800

      Commercial Land on Major Highway

      Visible commercial land with frontage on a major highway.
      W Main Street, Schriever, LA 70395
      View Details
    • $180,000

      Residential Land in Schriever, LA

      1.759-acre tract ready for your dream home!
      264 Bull Run Rd lot: Certain...., Schriever, LA 70395
      View Details
    • $2,133,000

      Large Land Tract on Highway

      71.1 acres of contiguous land near U.S. Highway 90.
      2601 Hwy 311 lot: Tract Of Land, Schriever, LA 70395
      View Details
    • $2,700,000

      Schriever Industrial Land For Sale

      60 acres of industrial land with highway frontage.
      1800 Planters Trail lot: V, Schriever, LA 70395
      View Details
    • $180,000

      Residential Land in Ardoyne Plantation

      1.62 acre lot ready for your dream home!
      2888 Hwy 311 lot: 2, Schriever, LA 70359
      View Details
    • $2,133,000

      Land on Highway 311

      Land available on Highway 311, Schriever, Louisiana.
      2601 Hwy 311, Schriever, LA 70395
      View Details
    • $2,975,000

      Unzoned Acreage in Schriever, LA

      Unrestricted commercial land with high visibility and road frontage.
      Main Project Road, Schriever, LA 70395
      View Details
    • $1,200,000

      38 Acres Development Land Schriever

      38 acres of land for development in Schriever, Louisiana.
      Horseshoe Rd, Schriever, LA 70395
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.21 acre cleared tract in high-demand area.
    Where is this commercial land located?
    The property is located at 1816 Highway 311 Schriever, LA.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: 2.21 acre cleared, ready‑to‑build tract in a high‑growth area.; Prime visibility with direct frontage on Highway 311.; Located in a high‑traffic location alongside Rebecca Truck Plaza and near established industrial and commercial operations.
    (985) 855-2945
    We can help!
    Listing Contact
    Molly Usie
    Real Estate License ID: 912122266
    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
    1816 Highway 311, Schriever, LA 70395
    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!