Building Details

Year Built 1913

Listing Agency: Craft Realty

Listed By: Elizabeth Laurent · License #995696738 Show Phone

Source: Lacdb.resimplifi

Added: Sep 9 Changed: Nov 2 Last Checked: Nov 1 at 2:22AM

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Investment Insights

Based on property information with market context.

This 5,823-square-foot Colonial Revival estate, built in 1913, occupies approximately 5.3 acres and is listed on the National Register of Historic Places. The residence retains original wood floors, stained glass, millwork, chandeliers, and other period architectural details. Its kitchen includes a Thermador Professional gas range, Sub-Zero refrigerator, pizza oven, fryer, steamer, pot filler, and butler’s pantry.

The property also includes a heated gunite pool with spa and a 24x30 barn with a half bath and 12' lean-to. Identified as a Christmas tree farm and event venue with bed-and-breakfast potential, the estate is zoned Residential and located just minutes from I-49 and LA HWY 71.

Key Highlights

• Approximately 5.3‑acre Christmas tree farm with historic estate
• 5,823‑square‑foot Colonial Revival estate built in 1913
• Listed on the National Register of Historic Places

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,266

Cap Rate

5.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$705,320 $705.3K

Cap Rate 7%

$503,800 $503.8K

Cap Rate 9%

$391,844 $391.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,823 SF

Gross rent

$87.3K $15.00/SF

− Vacancy

−$13.1K −$2.25/SF

EGI

$74.2K $12.75/SF

− OpEx

−$39.0K −$6.69/SF

NOI

$35.3K $6.06/SF

Area

Rapides County, LA

Vacancy

15.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$705,320

Cap Rate 7%

$503,800

Cap Rate 9%

$391,844

Alternative Uses

Best Use

Hotel Hospitality

$503.8K

$440.8K – $587.8K (±1% cap)

NOI $35,266 @ 7.0% cap · market cap 5.64%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.61M

$1.40M – $1.87M (±1% cap)

NOI $112,361 @ 7.0% cap · market cap 17.98%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sugar Mill Fields Specialty Food Shop

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

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Demographics for 71346, LA

2,598

Population

1,424

Households

1.8

Avg Household Size

45

Median Age

21%

College-Educated

89%

High-School Grad

91.8 sq mi

ZIP Area

28

Density / Sq Mi

$46,056

Median Household Income

$28,787

Median Earnings

$712

Median Rent

$174,000

Median Home Value

Frequently Asked Questions

What type of property is this?

Farm - National Register estate with a chef’s kitchen, pool and spa, barn, and grounds suited to multiple hospitality-oriented concepts.

Where is this farm located?

The property is located at 56 Meeker Rd Lecompte, LA.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Approximately 5.3‑acre Christmas tree farm with historic estate; 5,823‑square‑foot Colonial Revival estate built in 1913; Listed on the National Register of Historic Places