Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28798 Walker South Rd Walker, LA 70785

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.505 acres of vacant land in Walker City Limits.

    Type:Land
    Lot size:
    1.51 Acres
    Added:
    Apr 22, 2022
    Days on Market:
    1459
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 28798 Walker South Rd

    General Information

    Standard status
    Active
    Lot size
    1.51 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Ashlyn Plaisance

    Listing agent Ashlyn Plaisance License #LA 0995697184

    Listing office Beau Box Commercial Real Estate

    Listing date Apr 22, 2022

    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 Beau Box Commercial Real Estate

    Overview

    Walker Vacant Land For Sale

    The property at 28798 Walker South Road features 1.505 acres of vacant land available for sale. It is located within Walker City Limits, positioned between Interstate 12 and Florida Boulevard. The surrounding area includes a mix of businesses and retailers, such as Wal-Mart Super Center, AutoZone, Popeyes, Murphy's USA, Foochow Buffet, and Albasha. The property benefits from a 25-foot servitude of access and a 50-foot signage easement off Walker South Road. Zoned R-C, the land accommodates a wide range of potential uses. According to the listing, the property did not flood in 2016.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Walker
    County
    Livingston
    State
    Louisiana
    Longitude
    -90.8624
    Latitude
    30.490222

    Nearby Similar for Sale

    • $215,000
      4,186 SF

      Retail Property on High-Traffic Corner

      Retail/automotive property with high visibility in growing Walker, Louisiana.
      10621 Florida Blvd, Walker, LA 70785
      View Details
    • $130,000

      Walker, LA Industrial Lot

      C-3 zoned industrial lot with high traffic potential.
      13660 Ball Park Rd, Walker, LA 70785
      View Details
    • $475,000

      Prime Location Investment Property

      Commercial land in a fast-growing area with great potential.
      9532 Florida Blvd, Walker, LA 70726
      View Details
    • $189,500

      7.5 Acres Vacant Land

      Spacious 7.5-acre lot near Livingston Fairgrounds.
      Lot A-1 Lod Stafford Rd, Walker, LA 70785
      View Details
    • $45,000

      Residential Land in Walker, LA

      1.83 acre lot in Livingston Parish school district.
      Lot 4-a Joe Lee Rd, Walker, LA 70785
      View Details
    • $147,500

      Unimproved Land Near Walker, LA

      Six acre tract near Livingston Fairgrounds, ideal for building.
      Lot C-1 Jessie Sibley Rd, Walker, LA 70785
      View Details
    • $129,000

      Self-Storage Facility in Walker, LA

      Self-storage units for sale in Walker, Louisiana.
      33092 Walker North Rd, Walker, LA 70785
      View Details
    • $50,000

      Residential Land in Walker, LA

      One-acre lot suitable for building or new home.
      8 Tabony Ct, Walker, LA 70785
      View Details
    • $55,000

      Residential Land in Walker, LA

      1.96 acre lot in Livingston Parish school district.
      Lot 5-a Joe Lee Rd, Walker, LA 70785
      View Details
    • $450,000
      5,800 SF

      Commercial Property in Walker, LA

      Commercial property for sale featuring upgraded wiring and roll-up doors.
      30033 Industrial Dr, Walker, LA 70785
      View Details
    • $147,000

      6.56 Acres Multi-Use Land

      Two lots totaling 6.56 acres with road frontage.
      35712 Weiss Rd, Walker, LA 70785
      View Details
    • $300,000
      3,500 SF

      Industrial Property in Walker, LA

      Industrial property with 3,500 SF available for sale.
      30029 Industrial Dr, Walker, LA 70785
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.505 acres of vacant land in Walker City Limits.
    Where is this commercial land located?
    The property is located at 28798 Walker South Rd Walker, 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: 1.505 acres of vacant land within Walker City Limits.; R‑C zoning allows for a wide variety of potential uses.; Prime location between I‑12 and Florida Blvd.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ashlyn Plaisance
    Real Estate License ID: LA 0995697184
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!