Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28899 S Frost Rd Livingston, LA 70754

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,019,500

    Land suitable for RV campground and restaurants with lake.

    Type:Land
    Lot size:
    28.85 Acres
    Added:
    Mar 2, 2020
    Days on Market:
    2249
    Last Refresh:
    Jan 20 at 10:33 am

    Property Features for 28899 S Frost Rd

    General Information

    Standard status
    Active
    Lot size
    28.85 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    John Ware

    Listing agent John Ware

    Listing office Covington & Associates Real Estate, LLC

    Listing date Mar 2, 2020

    Source Exprealty

    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 Covington & Associates Real Estate, LLC

    Overview

    Land with Interstate Highway Visibility

    This property is ideally suited for an RV campground and restaurants. A notable feature is the presence of a lake, which can be utilized for fishing and as a water supply. The location offers significant visibility along Interstate Highway I-12.
    Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Restaurant Building Supply Law Firm Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Livingston
    County
    Livingston
    State
    Louisiana
    Longitude
    -90.7481
    Latitude
    30.4806

    Nearby Similar for Sale

    • $525,000
      6,000 SF

      Livingston Commercial Property with Acreage

      1.87 acres with 6,000 SF metal building near I-12.
      29602 S Frost Rd, Livingston, LA 70754
      View Details
    • $399,000

      Livingston Commercial Land For Sale

      Cleared corner commercial property with easy highway and I-12 access.
      27660 S Frost Rd, Livingston, LA 70754
      View Details
    • $115,000

      Waterfront Lot Ready For Building

      1.69-acre cleared waterfront lot in Livingston, Louisiana.
      21050 Oak Alley Dr, Livingston, LA 70754
      View Details
    • $249,000

      Livingston Land with Development Potential

      7.27 acres in Livingston, suitable for development.
      26430 Clyde Blount Rd, Livingston, LA 70754
      View Details
    • $60,000

      Residential Lot in Livingston, LA

      Unimproved residential lot suitable for building a dream home.
      Lot 5-d Texas St, Livingston, LA 70754
      View Details
    • $149,000

      2.79 Acre Commercial Lot

      2.79 acre lot suitable for homesite or commercial use.
      Tract 2-a La Hwy 42, Livingston, LA 70754
      View Details
    • $185,000

      Livingston Land with Pond

      4.34 acre tract with pond and RV hookup.
      Tbd La Hwy 42, Livingston, LA 70754
      View Details
    • $300,000

      Retail/Office Property on Frost Road

      Corner lot suitable for office, retail, or hospitality purposes.
      29347 S Frost Rd, Livingston, LA, 70754-1901
      View Details
    • $1,437,000

      Livingston Commercial Development Tract

      Large development tract in a fast-growing Livingston Parish area.
      Tbd S Frost Rd, Livingston, LA 70754
      View Details
    • $155,000

      Residential Land in Livingston, LA

      2.7 acres of fenced residential land with utilities in place.
      25066 Lobell Road, Livingston, LA 70754
      View Details
    • $97,000

      Livingston Land in Established Subdivision

      2.59-acre lot in Livingston Farms subdivision ready for development.
      Lot 1 Livingston Farms Lane, Livingston, LA 70754
      View Details
    • $88,500

      Livingston Land in Established Subdivision

      2.10-acre lot ready for your dream home.
      Lot 6 Livingston Farms Lane, Livingston, LA 70754
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for RV campground and restaurants with lake.
    Where is this land located?
    The property is located at 28899 S Frost Rd Livingston, LA.
    What is the asking price?
    The asking price for this property is $2,019,500.
    What are key features of this property?
    This property features: Ideal for RV campground and restaurants.; Enjoy **very large visibility** along Interstate Highway I‑12.; Nice lake on this property.
    (225) 667-3711
    We can help!
    Listing Contact
    John Ware
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!