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    M P Planche Rd Covington, LA 70435

    For Sale
    $200,000

    20 Acres, $10k/Acre, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 20-acre agricultural property, located on MP Planche Rd in Covington, Louisiana, presents a compelling investment opportunity. Priced at $200,000, or $10,000 per acre, this land offers significant potential for development. The property's APN is 80626 and its location within St. Tammany Parish, zip code 70435 (latitude 30.5220067, longitude -90.1330272), places it in a desirable area experiencing growth. The surrounding land has seen recent development of small to medium-sized residential homes, suggesting strong potential for similar projects on this expansive parcel. The property is classified as agricultural land, providing flexibility for various uses subject to local zoning regulations. This is a rare opportunity to acquire a sizable tract of land in a thriving Louisiana community, ideal for investors seeking land suitable for residential development or other agricultural pursuits. The asking price represents excellent value given the land's size, location, and development potential. Serious inquiries are encouraged.

    Property Features for 0 M P Planche Rd

    General Information

    Property type
    Farms
    Lot Size
    871,200 SF

    HighLights

    • $200,000 Purchase Price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Covington
    County
    St. Tammany Parish
    State
    Louisiana
    Longitude
    -90.1330272
    Latitude
    30.5220067

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    FAQs

    What type of property is this?
    Farm - 20 Acres, $10k/Acre, Development Potential
    Where is this farm located?
    The property is located at M P Planche Rd Covington, LA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: $200,000 Purchase Price.; ;
    Request Owner's contact information
    M P Planche Rd Covington, LA 70435
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    Covington, LA 70435
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    Realmo Value Estimation

    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.

    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.

    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
    M P Planche Rd Covington, LA 70435
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