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    Property profile & analytics

    Hwy 964 Zachary, LA 70791

    • Land
    • 30.18 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hwy 964

    Lot size
    30.18 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zachary
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1934
    Latitude
    30.6548

    Comparable in this City

    • Value Estimation by Request
      146.00 Acres

      Main St

      Land • 146.00 Acres
      0 Main St, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      291.00 Acres

      1100 Plains-Port Hudson Rd

      Land • 291.00 Acres
      1100 Plains-Port Hudson Rd, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      115.17 Acres

      721 Plains-Port Hudson Rd

      Farms • 115.17 Acres
      721 Plains-Port Hudson Rd, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      35.00 Acres

      10011 Greenwell Spg Prt Hudson Rd

      Farms • 35.00 Acres
      10011 Greenwell Spg Prt Hudson Rd, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      5.38 Acres

      20611 Plank Rd

      Land • 5.38 Acres
      20611 Plank Rd, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      35.04 Acres

      17878 Old Scenic Hwy

      Land • 35.04 Acres
      17878 Old Scenic Hwy, Zachary, LA 70791
      View Details

    Similar Nearby for Sale

    • $650,000
      146.00 Acres

      Zachary Land: 146 Acres

      Prime residential land, Zachary, LA. Excellent location & access.
      0 Main St, Zachary, LA 70791
      View Details
    • $1,595,000
      115.17 Acres

      Zachary Land: 115 Acres

      Prime Agricultural & Residential Land
      721 Plains-Port Hudson Rd, Zachary, LA 70791
      View Details
    • $1,400,000
      30.18 Acres

      Hwy 964 Zachary Land - 30 Acres

      Prime 30-acre residential development site. High-growth Zachary location.
      0 Hwy 964, Zachary, LA 70791
      View Details
    • $900,000
      35.00 Acres

      Zachary Residential Development Land

      35 Acres, Prime Location, High Potential
      10011 Greenwell Spring Port Hudson Rd, Zachary, LA 70791
      View Details
    • $6,693,000
      291.00 Acres

      Prime Zachary Land Development Opportunity

      291 Acres, Golf Course Adjacent, Residential Zoning
      1100 Plains-Port Hudson Rd, Zachary, LA 70791
      View Details
    • $495,000
      8.80 Acres

      Zachary Commercial Land - 8.8 Acres

      Prime Zachary location, 8.8 acres, high visibility.
      0 Old Scenic Hwy & Heck Young Rd, Zachary, LA 70791
      View Details

    Similar Nearby for Lease

    • $2,255 /Mo
      1,250 SF

      Retail Space in High-Traffic Area

      Prime retail space in Zachary, adjacent to Walmart.
      5635 Main St, Zachary, LA 70791
      View Details
    • $17 SF/Yr
      16,263 SF

      Old Town Square Retail Space

      Zachary, LA Strip Center: 3,753 SF Available
      4347 High St, Zachary, LA 70791
      View Details
    • $25 SF/Yr
      22,000 SF

      Executive Suites in Zachary, LA

      Prime Office Space, Zachary, LA
      1110 Americana Blvd, Zachary, LA 70791
      View Details
    • $29 SF/Yr
      20,050 SF

      Sullivan Medical Office Space For Lease

      Zachary, LA: Medical Office Suites Available
      4845 Main St, Zachary, LA 70791
      View Details
    • $25 SF/Yr
      1,969 SF

      Retail Space in Zachary, LA

      Retail space available for lease in Zachary, Louisiana.
      1185 Americana Blvd, Zachary, LA 70791
      View Details
    • $16 SF/Yr
      1,372 SF

      Established Shopping Center in Zachary

      Shopping center in Zachary, Louisiana, with high occupancy and traffic.
      20377 Old Scenic Hwy, Zachary, LA 70791
      View Details
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    Hwy 964
    Zachary, LA 70791
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    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
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