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    Recreational Land with Timber Mix Title is generated by Realmo AI

    2918 LA-153 Highway, Castor, LA 71016

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    Claim this Listing
    Pending
    $275,000

    LAND - Castor, LA

    Lot size:
    50.00 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 3 at 5:06 am

    Property Features for 2918 LA-153 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    0600121555
    Lot size
    50.00 Acres

    Utilities

    Sewer type
    Private Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Chasidy Willhelm

    Listing agent Chasidy Willhelm License #0995714677

    Listing office Diamond Realty & Associates Bossier City, LA

    Listing date Apr 13, 2026

    MLS# 21064759 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Land with public water available and private sewer
    • Minutes from Castor with easy access to Highway 153
    • Natural landscape featuring a mix of timber and open areas

    Overview

    This versatile land parcel offers wide-open possibilities for outdoor recreation and long-term value. The natural landscape includes a mix of timber and open areas, making it well suited for hunting, building trails, or establishing a personal retreat. With ample space to plan around the existing terrain, it can also support the development of a dream home when the timing is right.

    Located in Bienville Parish near Castor, the property balances privacy with convenience. It is described as secluded yet accessible, with easy access to Highway 153 and only minutes from Castor. For buyers who want room to spread out without feeling cut off, the setting is geared toward peaceful country living.

    For investors and owner-operators, the land’s broad utility and the rarity of large parcels are key considerations. The configuration supports a range of uses, from recreational ownership to holding land for future development. Whether you’re looking to enjoy wildlife and outdoor adventures now or plan for a future home site, this property provides a practical foundation for both recreation and ownership.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Castor
    County
    Bienville
    State
    Louisiana
    Longitude
    -93.0795
    Latitude
    32.2628

    FAQs

    What type of property is this?
    Hunting land - Secluded land ideal for hunting, trails, or a future home site, featuring a mix of timber and open areas.
    Where is this hunting land located?
    The property is located at 2918 LA-153 Highway Castor, LA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Land with public water available and private sewer; Minutes from Castor with easy access to Highway 153; Natural landscape featuring a mix of timber and open areas
    (318) 746-0011
    We can help!
    Listing Contact
    Chasidy Willhelm
    Real Estate License ID: 0995714677
    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.

    More about this property
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