Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Downtown Ponchatoula Title is generated by Realmo AI

    231 N THIRD Street lot 2, Ponchatoula, LA 70454

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Ponchatoula, LA

    Lot size:
    0.23 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    30
    Last Refresh:
    May 22 at 9:06 pm

    Property Features for 231 N THIRD Street lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    6233279
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    Lot 2 Sq 28 Ponch

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Bart Gillis
    Bart Gillis

    Listing agent Bart Gillis

    Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA

    Listing date Apr 23, 2026

    MLS# 2553973 Listing URL

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

    HighLights

    • Prime residential lot in downtown Ponchatoula
    • Located 2 blocks from Main Street
    • Surrounded by historic homes
    • X Flood Zone (not a Special Hazard Area)
    • Suitable for primary residence or speculative build
    • Public water source available

    Overview

    This residential lot, measuring 50' x 200', is located in downtown Ponchatoula, Louisiana. Situated just two blocks from Main Street, the property is surrounded by historic homes. It is suitable for a primary residence or speculative building. The lot is located in an X Flood Zone, which is not a Special Hazard Area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ponchatoula
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.437691
    Latitude
    30.44216

    Nearby Similar for Sale

    • $275,000
      2,880 SF

      Income-Producing Duplex in Ponchatoula

      Spacious duplex with strong rental history and income potential.
      40216 HENDRIX Lane, Ponchatoula, LA 70454
      View Details
    • $65,000

      Residential Lot Near Downtown

      Nearly one-acre lot in a serene neighborhood setting.
      14071 CYPRESS CREST Lane lot: Fv-6, Ponchatoula, LA 70454
      View Details
    • $90,000

      Residential Lot in Rue Mar

      Spacious lot in a quiet, established Ponchatoula subdivision.
      39753 Rou Mar Nei Dr, Ponchatoula, LA 70454
      View Details
    • $29,900

      Residential Lot in Azalea Woods

      0.66 acre lot in established Ponchatoula subdivision.
      13565 Rosewood Dr, Ponchatoula, LA 70454
      View Details
    • $75,000

      Picturesque Waterfront Property in Ponchatoula

      5.57-acre waterfront land near downtown Ponchatoula with river frontage.
      CYPRESS CREST Lane lot: Fv-1, Ponchatoula, LA 70454
      View Details
    • $175,000

      8.17 Acres Vacant Land

      Land for residential or commercial use near downtown Ponchatoula.
      16040 W MURRAY Road, Ponchatoula, LA 70454
      View Details
    • $50,000

      Bedico Area Acreage Homesites

      Prime 1-acre tracts in desirable Bedico area, convenient location.
      West Sam Arnold Loop, Ponchatoula, LA 70454
      View Details
    • $400,000

      Prime Development Land in Ponchatoula

      1.52-acre commercial parcel near I-55 in Ponchatoula, Louisiana.
      788 E PINE Street, Ponchatoula, LA 70454
      View Details
    • $33,900

      Vacant Lot in Ponchatoula

      Cleared lot ready for building a dream home.
      21346 BEAU CHATEAU Boulevard lot: 75, Ponchatoula, LA 70454
      View Details
    • $52,000

      Residential Lot in Lake Orleans

      Premium lot to build your dream residence.
      68 Lake Orleans Boulevard, Ponchatoula, LA 70454
      View Details
    • $25,000

      Tangipahoa Riverfront Land For Sale

      1.4-acre riverfront lot on the Tangipahoa River.
      1.40 acres Vacant Land, Ponchatoula, LA 70454
      View Details
    • $245,000

      Commercial Land Near Downtown

      Commercial land for sale near downtown Ponchatoula, Louisiana.
      800 E PINE Street, Ponchatoula, LA 70454
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime residential lot near Main Street, ideal for development.
    Where is this residential land & home lot located?
    The property is located at 231 N THIRD Street lot 2 Ponchatoula, LA.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Prime residential lot in downtown Ponchatoula; Located 2 blocks from Main Street; Surrounded by historic homes
    (985) 727-7000
    We can help!
    Listing Contact
    Bart Gillis
    Bart Gillis
    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
    231 N THIRD Street lot: 2, Ponchatoula, LA 70454
    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!