Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Chateau Estates Title is generated by Realmo AI

    338 Chateau Dr lot 5, Lockport, LA 70374

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

    LAND - Lockport, LA

    Lot size:
    0.76 Acres
    Added:
    Oct 7, 2024
    Days on Market:
    608
    Last Refresh:
    Jun 6 at 1:06 pm

    Property Features for 338 Chateau Dr lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Description
    LOT 5, BLOCK 5, CHATEAU ESTATES

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Azaria Barrios
    Azaria Barrios

    Listing agent Azaria Barrios License #37498

    Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA

    Listing date Oct 7, 2024

    MLS# 2024019632 Listing URL

    Copyright © 2026 Bayou Board 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

    • Build‑ready lot with existing mound, saving you time and construction costs.
    • Located in the desirable Chateau Estates neighborhood.
    • Opportunity to build a custom dream home.
    • Quiet and friendly community atmosphere.
    • Easy access to local amenities and schools.
    • Public water source available.

    Overview

    Located at 338 Chateau Drive in Lockport, LA, this vacant lot presents an opportunity to build a home in the Chateau Estates neighborhood. The 0.76-acre lot is prepared with a mound, making it ready for construction. Situated in a quiet community, the property offers access to local amenities and schools. This lot provides a foundation to bring your vision to life.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.509583
    Latitude
    29.616954

    Nearby Similar for Sale

    • $298,000
      2,860 SF

      Turnkey Car Wash on Highway 308

      Income-producing car wash with expansion potential on Highway 308.
      105 Myrtle Dr, Lockport, LA 70374
      View Details
    • $2,750
      3,179 SF

      Turnkey Restaurant Opportunity in Lockport

      Fully renovated restaurant with established brand, ready for new owner.
      8320 Highway 308, Lockport, LA 70374
      View Details
    • $399,000
      3,179 SF

      Turnkey Restaurant Opportunity in Lockport

      Fully renovated restaurant with established brand, ready for new owner.
      8320 Highway 308, Lockport, LA 70374
      View Details
    • $550,000
      6,337 SF

      Lockport Multifamily Investment Opportunity

      Two remodeled 4-plexes with consistent occupancy near Bayou.
      333 East East Main Street, Lockport, LA 70374
      View Details
    • $1,350,000
      4,954 SF

      Historic Bayou Lafourche Commercial Estate

      Versatile commercial property on 2+ acres with historic significance.
      7602 Highway 1, Lockport, LA 70374
      View Details
    • $132,500
      700 SF

      Lockport Commercial Opportunity For Sale

      Commercial property in prime Lockport location with endless business opportunities.
      914 Crescent Avenue, Lockport, LA 70374
      View Details
    • $60,000

      Oversized Corner Lot in Lockport

      Spacious corner lot in Larose Landing Subdivision, Lockport, LA.
      169 WINCHESTER Way lot: 14,16, Lockport, LA 70374
      View Details
    • $35,000

      Land with Established Essentials

      Land in Lockport Heights with mound, slab, and septic.
      445 N Oak St lot: 15, Lockport, LA 70374
      View Details
    • $450,000
      407,936 SF

      Lockport Multifamily Investment Opportunity

      Eight-unit multifamily property in Lockport, currently rented and producing cashflow.
      399 N Carol Street, Lockport, LA 70374
      View Details
    • $130,000

      Lockport Land in Heritage Heights

      Approximately one-acre lot suitable for residential or compatible commercial use.
      La Hwy 1 lot: 8B, Lockport, LA 70374
      View Details
    • $30,750

      Waterfront Lot on Bayou Lafourche

      Acre lot with direct bayou frontage on Highway 1.
      10349 Hwy 1, Lockport, LA 70374
      View Details
    • $298,000
      2,860 SF

      Turnkey Car Wash with Expansion Potential

      Income-producing car wash on Highway 308 with expansion options.
      105 Myrtle Dr, Lockport, LA 70374
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready lot in established Lockport neighborhood, perfect for your dream home.
    Where is this residential land & home lot located?
    The property is located at 338 Chateau Dr lot 5 Lockport, 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: Build‑ready lot with existing mound, saving you time and construction costs.; Located in the desirable Chateau Estates neighborhood.; Opportunity to build a custom dream home.
    (985) 262-4400
    We can help!
    Listing Contact
    Azaria Barrios
    Azaria Barrios
    Real Estate License ID: 37498
    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
    338 Chateau Dr lot: 5, Lockport, LA 70374
    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!