Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pineville Land on Highway 28 Title is generated by Realmo AI

    4306 Highway 28 E, Pineville, LA 71360

    View on Map
    Claim this Listing
    For Sale
    $475,000

    4.40 acres in a rapidly growing area on Hwy 28.

    Type:Land
    Lot size:
    4.40 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    244
    Last Refresh:
    May 19 at 11:20 pm

    Property Features for 4306 Highway 28 E

    General Information

    Standard status
    Active
    Lot size
    4.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    SHAWN NUGENT
    SHAWN NUGENT

    Listing agent SHAWN NUGENT License #995713942

    Listing office THE REALTY COMPANY OF LOUISIANA, LLC

    Listing date Oct 2, 2025

    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 THE REALTY COMPANY OF LOUISIANA, LLC

    HighLights

    • 4.40 acres in a rapidly growing area on Hwy 28 E
    • Prime location in the heart of Pineville's thriving area
    • Endless possibilities: commercial, multifamily, business, retail, duplexes, or residential
    • Additional potential land may be available
    • Existing occupied brick home on the property
    • Ideal for development

    Overview

    This 4.40-acre property is located on Highway 28 E in a rapidly growing area of Pineville. The land presents opportunities for commercial, multifamily, business, retail, duplex, or residential development. An occupied brick home is situated on the property, but its value is not factored into the land's overall value. Additional potential land may be available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Pineville
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.366031
    Latitude
    31.340825

    Nearby Similar for Sale

    • $350,000
      7,400 SF

      Commercial Shop on Highway 71

      Turnkey commercial shop with office space and highway visibility.
      8531 N U.S. 71, Pineville, LA 71360
      View Details
    • $1,295,000

      Pineville Commercial Development Opportunity

      9.84-acre commercial land with high-traffic access and development potential.
      54 Pinecrest Drive, Pineville, LA 71360
      View Details
    • $8,000
      4,519 SF

      Residential Land in Pineville, LA

      Land parcel suitable for mobile or small home in Pineville.
      BAKER Street lot: 20, Pineville, LA 71360
      View Details
    • $475,000

      Pineville Land: Endless Opportunities

      4.4 acres in growing area, suitable for various developments.
      4306 HWY 28E, Pineville, LA 71360
      View Details
    • $45,000

      Pineville Land with Highway Access

      Corner lot in established neighborhood, ideal home site.
      2005 KRIST Lane lot: 1, Pineville, LA 71360
      View Details
    • $319,000
      2,169 SF

      Pineville Office Building For Sale

      Professional office building in Pineville, ideal for various uses.
      1603 Melrose St, Pineville, LA, Pineville, LA 71360
      View Details
    • $139,000
      2,000 SF

      Shop/Warehouse with Living Quarters

      Shop/warehouse with living quarters and income potential in Pineville.
      433 SUNNY HILL Drive, Pineville, LA 71360
      View Details
    • $99,900

      Pineville Land with Highway Access

      3.82 acres of land with commercial and residential potential.
      E Highway Highway 28, Pineville, LA 71360
      View Details
    • $48,900

      Residential Lot in Gated Community

      Residential lot in Pineville's premier gated community, Richfield.
      RICHFIELD LOOP Place lot: 1, Pineville, LA 71360
      View Details
    • $28,000

      Dirt Pad Ready For Construction

      Dirt pad in place, compaction test satisfactory.
      112 Myrtlewood Drive, Pineville, LA 71360
      View Details
    • $1,450,000

      Secluded Hunting Land with Camp

      350+/- acre hunting paradise with camp overlooking Little River.
      1215 Dennis Slaughter Road, Pollock, LA
      View Details
    • $299,000

      Commercial Land on Hwy 28E

      Commercial site with high visibility and traffic count in Pineville.
      4618 Hwy 28, Pineville, LA 71360
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.40 acres in a rapidly growing area on Hwy 28.
    Where is this commercial land located?
    The property is located at 4306 Highway 28 E Pineville, LA.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: 4.40 acres in a rapidly growing area on Hwy 28 E; Prime location in the heart of Pineville's thriving area; Endless possibilities: commercial, multifamily, business, retail, duplexes, or residential
    (318) 447-8121
    We can help!
    Listing Contact
    SHAWN NUGENT
    SHAWN NUGENT
    Real Estate License ID: 995713942
    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
    4306 Highway 28 E, Pineville, LA
    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!