Residential Income
For Sale
$400,000
533 LAKEVIEW Street, Pineville, LA 71360
Off-street parking is available at this Pineville property.
Property Size6,000 SF
Price / SF$88.89
Days on Market9
Property Features for 533 LAKEVIEW Street
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
3
Property subtype
Residential Income
Amenities
Central Air, Window Unit(s)
Central, Other
Off Street
Other
Building Details
Building Size
6,000 SF
Year Built
1960
Listing Agency:
RITCHIE REAL ESTATE
Listed By:
David Moses · License #0000072781B
(318) 308-2044
Source:
Evrealestate
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:00PM
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 RITCHIE REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property was built in 1960 and includes off-street parking. It is located at the corner of Lakeview and Leroy streets in Pineville, Rapides Parish.
Key Highlights
- Built in 1960
- Off‑street parking
- Corner location at Lakeview and Leroy streets in Pineville
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,477
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,540
$669.5K
Cap Rate 7%
$478,243
$478.2K
Cap Rate 9%
$371,967
$372.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$67.0K $14.88/SF
− Vacancy
−$6.1K −$1.35/SF
EGI
$60.9K $13.53/SF
− OpEx
−$27.4K −$6.09/SF
NOI
$33.5K $7.44/SF
Area
Rapides County, LA
Vacancy
9.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,540
Cap Rate 7%
$478,243
Cap Rate 9%
$371,967
Alternative Uses
Best Use
Apartment 5plus
$478.2K
$418.5K – $558.0K
NOI $33,477 @ 7.0% cap · market cap 8.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,832 @ 7.0% cap · market cap 21.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
Explore this area
Business Placement
Demographics for 71360, LA
36,026
Population
15,970
Households
2.3
Avg Household Size
38
Median Age
23%
College-Educated
90%
High-School Grad
193.1 sq mi
ZIP Area
187
Density / Sq Mi
$59,592
Median Household Income
$41,561
Median Earnings
$924
Median Rent
$196,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Off-street parking is available at this Pineville property.
Where is this residential income property located?
The property is located at 533 LAKEVIEW Street Pineville, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Built in 1960; Off‑street parking; Corner location at Lakeview and Leroy streets in Pineville
