Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Delta Downs Title is generated by Realmo AI

    Delta Downs Dr, Vinton, LA 70668

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    13.65 acres near Delta Downs Racetrack, Casino, Hotel.

    Type:Land
    Lot size:
    13.65 Acres
    Added:
    Jul 12, 2023
    Days on Market:
    1054
    Last Refresh:
    May 12 at 10:42 pm

    Property Features for Delta Downs Dr

    General Information

    Standard status
    Active
    Lot size
    13.65 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Travis Bauer

    Listing agent Travis Bauer License #TX

    Listing office Drake Commercial Group

    Listing date Jul 12, 2023

    Source Crexi

    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 Drake Commercial Group

    HighLights

    • 13.65 acres zoned R‑RVP (Recreational Vehicle Park).
    • Proposed site for 114 paved RV sites.
    • Each site includes water, sewer, and electricity hookups.
    • Each site has 2 vehicle parking spaces and a picnic area.
    • Adjacent to Delta Downs Racetrack, Casino, Hotel.
    • Plans approved for a heavy rare earth separation facility at the Port of Vinton, expected to employ 140.

    Overview

    This 13.65-acre commercial land parcel is located adjacent to Delta Downs Racetrack, Casino, and Hotel. The property is zoned R-RVP (Recreational Vehicle Park). Approved plans are in place for the construction of approximately 114 paved RV sites. Each site is planned to include hookups for water, sewer, and electricity, along with two vehicle parking spaces and a picnic area. Additionally, plans have been approved to construct the first U.S. heavy rare earth separation facility at the Port of Vinton, which is expected to employ 140 people initially.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vinton
    County
    Calcasieu
    State
    Louisiana
    Longitude
    -93.608027
    Latitude
    30.198084

    Nearby Similar for Sale

    • $169,900

      Vinton, LA Pastureland Opportunity

      17.8 acres of open pastureland, ideal for homesite.
      5561 Cormier Rd, Vinton, LA 70668
      View Details
    • $149,000
      1,687 SF

      Spacious Home on Six Acres

      Three-bedroom home on six acres with abundant outdoor amenities.
      956 Robinson Cutoff, Vinton, LA 70668
      View Details
    • $9,000

      Secluded Land Tract in Vinton

      Secluded 3-acre tract with mature trees, ideal for recreation.
      0 Whatley Ditch, Vinton, LA 70668
      View Details
    • Contact for pricing

      Large Acreage with Rail Potential

      1,174 acre logistics property fronting I-10 with rail potential.
      Gum Island Rd, Sulphur, LA
      View Details
    • Contact for pricing

      Land Near Delta Downs Casino

      13.65 acres near Delta Downs, potential RV park.
      Louisiana State Highway 3063, Vinton, LA
      View Details
    • $35,000

      Vinton Land Near Delta Downs

      1.19 acre lot in Horseman's Ranch Subdivision.
      8 Horseman, Vinton, LA
      View Details
    • $35,000

      Vinton Land Near Delta Downs

      1.19 acre lot near Delta Downs in Vinton, LA.
      6 Horseman, Vinton, LA
      View Details
    • $35,000

      Vinton Land Near Delta Downs

      1.19 acre lot near Delta Downs in Vinton, LA.
      2 Horseman, Vinton, LA
      View Details
    • $35,000

      Vinton, LA Acreage Available

      1.19 acre lot near Delta Downs in Vinton, LA.
      7 Horseman, Vinton, LA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13.65 acres near Delta Downs Racetrack, Casino, Hotel.
    Where is this commercial land located?
    The property is located at Delta Downs Dr Vinton, LA.
    What are key features of this property?
    This property features: 13.65 acres zoned R‑RVP (Recreational Vehicle Park).; Proposed site for **114 paved RV sites**.; Each site includes water, sewer, and electricity hookups.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Travis Bauer
    Real Estate License ID: TX
    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
    Delta Downs Dr, Vinton, LA 70668
    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!