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    Property profile & analytics

    40279 Highway 23 Buras, LA 70041

    • Land
    • 4,339 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 40279 Highway 23

    Property size
    4,339 SF
    Property type
    Land
    Property subtype
    Apartment buildings

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Buras
    County
    Plaquemines Parish
    State
    Louisiana
    Longitude
    -89.5262
    Latitude
    29.3532

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      40279 Hwy 23 Hwy

      Land • 4,339 SF
      40279 Hwy 23 Hwy, Buras, LA 70041
      View Details
    • Value Estimation by Request
      0.15 Acres

      111 Tangerine Dr

      Land • 0.15 Acres
      111 Tangerine Dr, Buras, LA 70041
      View Details
    • Value Estimation by Request
      3.37 Acres

      197 Buras River Rd

      Land • 3.37 Acres
      197 Buras River Rd, Buras, LA 70041
      View Details
    • Value Estimation by Request
      14.70 Acres

      186 Perino Rd

      Land • 14.70 Acres
      186 Perino Rd, Buras, LA 70041
      View Details
    • Value Estimation by Request
      1.11 Acres

      30662 Hwy 23

      VACANT COMMERCIAL LAND • 1.11 Acres
      30662 Hwy 23, Buras, LA 70041-2618
      View Details
    • Value Estimation by Request
      1.00 Acre

      109 Whidden Ln

      INDUSTRIAL - VACANT LAND • 1.00 Acre
      109 Whidden Ln, Buras, LA 70041-3032
      View Details

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    40279 Highway 23
    Buras, LA 70041
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    Realmo Value Estimation

    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.

    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.

    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
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