Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Gray Stone Subdivision Title is generated by Realmo AI

    SOPHIE Lane lot 46, Dry Prong, LA 71423

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $59,900

    LAND - Dry Prong, LA

    Lot size:
    1.24 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    425
    Last Refresh:
    May 23 at 7:06 pm

    Property Features for SOPHIE Lane lot 46

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RSF
    Standard status
    Active
    APN
    2500903605001501
    Lot size
    1.24 Acres

    Taxes and HOA fees

    Tax Description
    Lot 46, Gray Stone SD EXT

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Mary Sonnier
    Mary Sonnier

    Listing agent Mary Sonnier License #GCLRA:0000076724

    Listing office EXP REALTY, LLC 949 Ryan Street, Suite 240, Lake Charles, LA

    Listing date Mar 25, 2025

    MLS# 2493396 Listing URL

    Copyright © 2026 Greater Central Louisiana REALTORS® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in the desirable Tioga School District.
    • Large lots available, ranging from 1.2 to 2.5 acres.
    • Convenient location with quick highway access.
    • AT&T Fiber Optic internet service available.
    • Minimum heated 1800 SF restriction ensures quality construction.
    • Builders available to build to suit.

    Overview

    This residential land is located in the Gray Stone Subdivision EXT in Rapides Parish, within the Tioga School District. The lot, situated in a phase of the subdivision that offers privacy, spans 1.235 acres. The property is restricted to a minimum heated area of 1800 square feet. Utilities available include AT&T Fiber Optic, CLECO, and S Grant Water. Sewer service will be private. The location provides convenient access to the highway and city amenities while maintaining a country feel. Builders are available and will build to suit.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Dry Prong
    County
    Grant
    State
    Louisiana
    Longitude
    -92.5571
    Latitude
    31.6531

    Nearby Similar for Sale

    • $59,900

      Residential Land in Tioga School

      Spacious lots in Gray Stone Subdivision, Tioga School District.
      SOPHIE Lane lot: 40, Dry Prong, LA 71423
      View Details
    • $59,900

      Residential Land in Gray Stone

      Residential land in Gray Stone Subdivision, Dry Prong, Louisiana.
      SOPHIE Lane lot: 55, Dry Prong, LA 71423
      View Details
    • $59,900

      Land in Gray Stone Subdivision

      Residential land in Dry Prong, Tioga School District.
      SOPHIE Lane lot: 54, Dry Prong, LA 71423
      View Details
    • $59,900

      Residential Lot in Gray Stone

      1.19 acre lot in Gray Stone Subdivision, Dry Prong.
      SOPHIE Lane lot: 39, Dry Prong, LA 71423
      View Details
    • $59,900

      Residential Land in Tioga School

      Spacious lots in Gray Stone Subdivision EXT, Rapides Parish.
      SOPHIE Lane lot: 34, Dry Prong, LA 71423
      View Details
    • $59,900

      Residential Land in Gray Stone

      Spacious lots in Gray Stone Subdivision, Rapides Parish.
      SOPHIE Lane lot: 38, Dry Prong, LA 71423
      View Details
    • $59,900

      Land in Gray Stone Subdivision

      Residential land in Dry Prong, LA, Tioga School District.
      SOPHIE Lane lot: 58, Dry Prong, LA 71423
      View Details
    • $59,900

      Residential Land in Gray Stone

      Spacious lots in Gray Stone Subdivision, Tioga School District.
      SOPHIE Lane lot: 36, Dry Prong, LA 71423
      View Details
    • $575,000

      Prime Commercial Land Opportunity

      25 acres of commercial land near Choctaw Pines Casino.
      HIGHWAY 167 (25 ACRES), Dry Prong, LA 71423
      View Details
    • $575,000

      Prime Commercial Land Near Casino

      25 acres of commercial land with highway frontage.
      HIGHWAY 167 (25 ACRES), Dry Prong, LA 71423
      View Details
    • $30,000

      Wooded Acreage in Dry Prong

      6.705 acres of wooded land with utilities available.
      129 H.L. Newton Road, Dry Prong, LA 71423
      View Details
    • $28,000

      Residential Land in Dry Prong

      1.892 acre lot suitable for residential development.
      129 H.L. Newton Road, Dry Prong, LA 71423
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Dry Prong, Tioga School District.
    Where is this residential land & home lot located?
    The property is located at SOPHIE Lane lot 46 Dry Prong, LA.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Located in the desirable Tioga School District.; Large lots available, ranging from 1.2 to 2.5 acres.; Convenient location with quick highway access.
    (337) 522-7554
    We can help!
    Listing Contact
    Mary Sonnier
    Mary Sonnier
    Real Estate License ID: GCLRA:0000076724
    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
    SOPHIE Lane lot: 46, Dry Prong, LA 71423
    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!