Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Residential Lot in Raceland Title is generated by Realmo AI

    Country Village Drive lot 8 9 10, Raceland, LA 70394

    View on Map
    Claim this Listing
    For Sale
    $65,000

    LAND - Raceland, LA

    Lot size:
    0.65 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    57
    Last Refresh:
    May 19 at 11:06 am

    Property Features for Country Village Drive lot 8 9 10

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.65 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 9, BLOCK 6 COUNTRY VILLAGE ESTATES SD, LOTS 10, BLOCK 6 COUNTRY VILLAGE ESTATES SD, LOT 8, BLOCK 6, COUNTRY VILLAGE ESTATES

    Utilities

    Water front features
    Waterfront

    We can help!

    Listing Contact
    Lester Martin Jr.
    Lester Martin Jr.

    Listing agent Lester Martin Jr.

    Listing office KELLER WILLIAMS REALTY BAYOU P 6273 W Park Avenue, Houma, LA

    Listing date Mar 24, 2026

    MLS# 2026005206 Listing URL

    Copyright © 2026 Bayou Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Spacious 0.65‑acre residential lot.
    • Located in the highly desirable Lockport school district.
    • Improved with culverted ditches and catch basins.
    • Features a beautiful large oak tree providing natural shade.
    • Offers ample room for a custom home and outdoor living space.
    • Located in Raceland.

    Overview

    This 0.65-acre residential lot is located in Raceland, within the Lockport school district. The property offers space for designing a custom home and outdoor living area. It features culverted ditches and catch basins. A large oak tree provides shade and curb appeal.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Raceland
    County
    Lafourche
    State
    Louisiana
    Longitude
    -90.5441
    Latitude
    29.7195

    Nearby Similar for Sale

    • $299,900
      2,211 SF

      Raceland Commercial Property on Highway

      High-visibility commercial property on Highway 1 in Raceland, Louisiana.
      4744 Hwy 1, Raceland, LA 70394
      View Details
    • $325,000
      5,500 SF

      Raceland Commercial Property For Sale

      Commercial property in Raceland, LA with existing lease.
      4198 Highway 1, Raceland, LA 70394
      View Details
    • $260,000

      Raceland Commercial Lot For Sale

      Prime commercial lot with high visibility and access.
      5102 Highway 1, Raceland, LA 70394
      View Details
    • $170,000
      2,220 SF

      Raceland Commercial Building on Highway

      Commercial building with highway frontage, open floor plan, and office.
      4948 Hwy 1, Raceland, LA 70394
      View Details
    • $475,000
      5,500 SF

      Raceland Multi-Use Income Property

      24-acre property with residential, commercial, and farming potential.
      105,107,115,125 Double H Dr., Raceland, LA 70394
      View Details
    • $625,000

      81 Acres on Highway 1

      Sprawling 81-acre property with highway frontage outside town limits.
      2450 Hwy 1, Raceland, LA 70301
      View Details
    • $170,000
      2,220 SF

      Highway Frontage Retail Building

      Retail building with highway frontage and flexible open floor plan.
      4948 Hwy 1, Raceland, LA 70394
      View Details
    • $799,000
      5,500 SF

      Raceland, LA Mixed-Use Property

      24-acre property with residential, commercial, and agricultural potential.
      4198 Highway 1, Raceland, LA 70374
      View Details
    • $36,000

      Vacant Lot in Raceland, LA

      Cleared 0.30 acre lot ready for residential construction.
      N Service Road lot: 6, Raceland, LA 70394
      View Details
    • $45,900

      Commercial Lot in Raceland, LA

      Commercial lot with heavy exposure in Raceland, Louisiana.
      4900 Highway 1, Raceland, LA 70394
      View Details
    • $295,000

      Waterfront Land in Sportsman’s Paradise

      27-acre waterfront tract in the heart of Sportsman’s Paradise.
      Tbd Hwy 1, Raceland, LA 70394
      View Details
    • $52,000

      Residential Lot in Established Subdivision

      Ready-to-go lot in Raceland, LA, no HOA, Flood Zone C.
      165 Le Belle Maison Drive lot: 9, Raceland, LA 70394
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.65-acre residential lot in the Lockport school district.
    Where is this residential land & home lot located?
    The property is located at Country Village Drive lot 8 9 10 Raceland, LA.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Spacious 0.65‑acre residential lot.; Located in the highly desirable Lockport school district.; Improved with culverted ditches and catch basins.
    (504) 554-0110
    We can help!
    Listing Contact
    Lester Martin Jr.
    Lester Martin Jr.
    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

    Thank You for Inquiry
    Country Village Drive lot: 8, 9, 10, Raceland, LA 70394
    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!