Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Farmland Tract for Sale Title is generated by Realmo AI

    T-2 Dido Loop, Pitkin, LA 70656

    View on Map
    Claim this Listing
    New
    For Sale
    $98,750

    For-sale farmland tract fronting Dido Loop in Vernon Parish, about 2.5 miles southeast of Pitkin.

    Type:Land
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 2:14 am

    Property Features for T-2 Dido Loop

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Andy Flack
    Andy Flack

    Listing agent Andy Flack License #0344465

    Listing office HomeLand Properties, Inc

    Listing date Jun 3, 2026

    Source Evrealestate

    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 HomeLand Properties, Inc

    HighLights

    • Farmland tract fronting Dido Loop in Vernon Parish
    • Located about 2.5 miles southeast of Pitkin

    Overview

    This for-sale farmland tract is located in Vernon Parish and fronts Dido Loop. The property is described as land suitable for agricultural use, with its key distinguishing feature being its frontage along Dido Loop.

    According to the provided directions, the property sits approximately 2.5 miles southeast of Pitkin. That proximity to Pitkin can be useful for buyers who want farmland within a short drive of local amenities while still maintaining a rural setting.

    From a tenant or buyer perspective, this offering fits investors and operators looking for agricultural land in Vernon Parish. Its straightforward land configuration and road frontage may support a range of basic agricultural plans, subject to buyer due diligence and any applicable local requirements. Interested parties should review the location maps referenced in the materials and confirm land access, permitted uses, and site conditions during their process.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Pitkin
    County
    Vernon
    State
    Louisiana
    Longitude
    -92.938087
    Latitude
    30.910727

    Nearby Similar for Sale

    • $65,250

      Wooded Vacant Land Parcel

      Wooded parcel with county road frontage and power available for recreational or residential use consideration.
      T-1 Dido Loop, Pitkin, LA 70656
      View Details
    • $65,250

      Timber-Recreation Land with County Road Frontage

      Heavily wooded pine timber land with county road frontage and power available for recreational or residential use.
      T-1 Dido Loop, Pitkin, LA 70656
      View Details
    • $98,750

      Heavily Wooded Recreation Land

      25-acre parcel with county road frontage, power available, and mature mixed timber for recreational or residential use.
      T-2 Dido Loop, Pitkin, LA 70656
      View Details
    • $67,800

      11.3 Acres of Secluded Land

      11.3 acres of land in Plainview school district.
      121 10 Mile Road, Pitkin, LA 70656
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - For-sale farmland tract fronting Dido Loop in Vernon Parish, about 2.5 miles southeast of Pitkin.
    Where is this agricultural land / farmland located?
    The property is located at T-2 Dido Loop Pitkin, LA.
    What is the asking price?
    The asking price for this property is $98,750.
    What are key features of this property?
    This property features: Farmland tract fronting Dido Loop in Vernon Parish; Located about 2.5 miles southeast of Pitkin
    (936) 295-2500
    We can help!
    Listing Contact
    Andy Flack
    Andy Flack
    Real Estate License ID: 0344465
    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
    T-2 Dido Loop, Pitkin, LA 70656
    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!