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    5191 Mire Hwy Rayne, LA 70578

    For Sale
    $1,725,000

    Prime Acadia Parish land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 114.57-acre property in Rayne, Louisiana, presents a unique investment opportunity. Located just 3.5 miles north of I-10 (Exit 92), this land boasts a highly desirable location, neighboring Dollar General and within easy reach of Mire Elementary School and Assumption Catholic Church. The property is divided into six conveniently sized tracts, ranging from 14 to 24 acres each, offering flexibility for various development scenarios. Subdivision is possible, catering to diverse project needs. The property enjoys a favorable flood zone X rating and is free from zoning regulations, simplifying the development process. Utilities are readily available, including SLEMCO Electric, Mire Branch Water Corp, private sewage, and Center Point Energy (natural gas). Educational facilities are nearby, with Mire Elementary (Pre-K through 8th grade) and Rayne High School serving the community. Its strategic location provides easy access to several thriving communities: a 12-minute drive to Rayne, 13 minutes to Scott, 14 minutes to Church Point, 15 minutes to Carencro, and 20 minutes to the Cajundome near downtown Lafayette. The 2023 property taxes were $377.07. This versatile land presents significant potential for industrial or residential development, making it an attractive proposition for discerning investors seeking a prime location in a growing area. The asking price is $1,725,000, with a land value of $0.34 per square foot. The property's APN is 0100183650|1. The address is 5191 Mire Hwy, Rayne, LA 70578.

    Property Features for 5191 Mire Hwy

    General Information

    Property type
    Farms
    Lot Size
    4,990,669 SF

    HighLights

    • 114.57‑acre tract in Rayne, LA, 3.5 miles from I‑10 (Exit 92).
    • Six 14‑24 acre parcels, suitable for subdivision.
    • Flood zone X, no zoning restrictions, utilities available (SLEMCO, Mire Branch Water, private sewage, CenterPoint Energy).
    • Near Mire Elementary & Rayne High School; close to Rayne, Scott, Church Point, Carencro, and Lafayette.
    • $1,725,000 asking price; $0.34/sq ft land value; APN 0100183650|1; Address: 5191 Mire Hwy, Rayne, LA 70578.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Kitchen & Bath Accounting Firm Electrical Service Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rayne
    County
    Acadia Parish
    State
    Louisiana
    Longitude
    -92.193535502229
    Latitude
    30.292932295642

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    FAQs

    What type of property is this?
    Farm - Prime Acadia Parish land, ideal for development.
    Where is this farm located?
    The property is located at 5191 Mire Hwy Rayne, LA.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: 114.57-acre tract in Rayne, LA, 3.5 miles from I-10 (Exit 92).; Six 14-24 acre parcels, suitable for subdivision.; Flood zone X, no zoning restrictions, utilities available (SLEMCO, Mire Branch Water, private sewage, CenterPoint Energy).
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    5191 Mire Hwy Rayne, LA 70578
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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
    5191 Mire Hwy Rayne, LA 70578
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