Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cleared Land with Private Pond Title is generated by Realmo AI

    B-1-a-3 Spring House Dr, Greenwell Springs, LA 70739

    View on Map
    Claim this Listing
    For Sale
    $159,900

    Unimproved Land - Greenwell Springs, LA

    Type:Unimproved Land
    Lot size:
    2.93 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    66
    Last Refresh:
    May 9 at 8:06 am

    Property Features for B-1-a-3 Spring House Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Exterior features
    Dead-end Lot
    Standard status
    Active
    Lot size
    2.93 Acres

    Utilities

    Water front features
    Lake Front, Waterfront, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Todd Daniel

    Listing agent Todd Daniel

    Listing office LPT Realty, LLC 1340 West Tunnel Blvd Ste 223, Houma, LA

    Listing date Mar 4, 2026

    MLS# 2026003899 Listing URL

    Copyright © 2026 Greater Baton Rouge Association 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

    • Cleared 2.93‑acre homesite suitable for building
    • Private pond on the property
    • Water, electricity, and gas are available
    • Peaceful seclusion from neighboring areas
    • Located in flood zone X
    • Minor restrictions ensure quality builds (1800 sq ft minimum, concrete slab foundation)

    Overview

    This 2.93-acre homesite in Greenwell Springs offers rural living with city conveniences. The cleared land includes a private pond and peaceful seclusion. Water, electricity, and gas are available. Minor restrictions ensure quality builds with 1800 square feet living area and all homes must be on concrete slab foundations. The property is in flood zone X and is accessed through Amber Lakes Subdivision.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Greenwell Springs
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -90.9906643
    Latitude
    30.563228

    Nearby Similar for Sale

    • $90,000

      4.74 Acres in Greenwell Springs

      Unrestricted 4.74-acre property with utilities in Flood Zone X.
      Tract V-4 Jim Price Rd, Greenwell Springs, LA 70739
      View Details
    • $2,300,000
      36,740 SF

      Retail Center in Central

      Multi-tenant retail center with value-add potential in Central.
      6631 - 6703 Sullivan Road, Greenwell Springs, LA 70739
      View Details
    • $174,999

      Greenwell Springs Land for Custom Home

      3-acre cleared homesite in Central Community with utilities available.
      B-1-a-2 Spring House Dr, Greenwell Springs, LA 70739
      View Details
    • $2,200,000
      2,148 SF

      Central Land Investment Opportunity

      10.754 acres in Central corridor approved for commercial use.
      14871 Greenwell Springs Road, Greenwell Springs, LA 70739
      View Details
    • $175,000

      Land in Central Area

      4.38 acres with lake access, ideal for building a home.
      Tbd Magnolia Bridge Rd, Greenwell Springs, LA 70739
      View Details
    • $506,000

      Corner Lot on Magnolia Bridge

      1.16 acre corner lot suitable for gas station.
      18737 Magnolia Bridge Rd, Greenwell Springs, LA
      View Details
    • $110,000

      Residential Land in Central School

      1.9 acres of cleared land ready for building in Central.
      13945 Greenwell Springs-port Hudson Rd, Greenwell Springs, LA 70739
      View Details
    • $171,600

      Land for Residential Development

      5.72 acres of land suitable for building a home.
      Tbd A J Leblance Rd, Greenwell Springs, LA 70739
      View Details
    • $798,460

      Undeveloped Land Near Residential Area

      Raw land suitable for recreation, hunting, or large-scale development.
      Hubbs Rd, Greenwell Springs, LA 70739
      View Details
    • $450,000
      195,678 SF

      4.492 Acres Development Opportunity

      Two vacant lots totaling 4.492 acres for sale.
      14123 Greenwell Springs Rd, Greenwell Springs, LA 70739
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.93 acres in Greenwell Springs with utilities available.
    Where is this residential land & home lot located?
    The property is located at B-1-a-3 Spring House Dr Greenwell Springs, LA.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: Cleared 2.93‑acre homesite suitable for building; Private pond on the property; Water, electricity, and gas are available
    (877) 366-2213
    We can help!
    Listing Contact
    Todd Daniel
    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
    B-1-a-3 Spring House Dr, Greenwell Springs, LA 70739
    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!