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    8101 Main St Zachary, LA 70791

    • Land
    • 8.84 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8101 Main St

    Lot size
    8.84 lot acres
    Property type
    Land

    Description

    This exceptional 8.84-acre commercial land parcel presents a unique investment opportunity in Zachary, Louisiana. Located on Highway 64, between Plank Road and downtown Zachary, this property enjoys a highly desirable location with convenient access to major thoroughfares and a wealth of amenities. The site is zoned CG (General Commercial), providing flexibility for a variety of commercial developments. Imagine the possibilities: an industrial office park, warehousing facilities, or other commercial ventures could thrive here. The property's strategic position offers easy access to essential services and retail destinations. It's situated just 0.75 miles from The Home Depot and 1.3 miles from Walmart, ensuring high visibility and convenient access for employees and customers. This land is within the city limits of Zachary, benefiting from established city infrastructure and utilities. The 8.84-acre size allows for substantial development potential, making it an ideal choice for investors seeking a prime location with significant upside. This is a rare opportunity to acquire a large, strategically located commercial parcel in a thriving Louisiana community. The asking price is $1,960,000.

    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
    -91.1242
    Latitude
    30.6489

    Comparable in this City

    • Value Estimation by Request
      5.38 Acres

      20611 Plank Rd

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      35.04 Acres

      17878 Old Scenic Hwy

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      3.22 Acres

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      Land • 3.22 Acres
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      7979 Lower Zachary Rd

      Land
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      4.32 Acres

      Americana Blvd

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    • Value Estimation by Request
      11.30 Acres

      19857 Old Scenic Hwy

      Land • 11.30 Acres
      19857 Old Scenic Hwy, Zachary, LA 70791
      View Details

    Similar Nearby for Sale

    • $495,000
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      Zachary Commercial Land - 8.8 Acres

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    • $499,900
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      Zachary Commercial Land - Prime Location

      2.41 Acres, High Visibility, Approved Driveways
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      Prime Zachary Commercial Land

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      35.04 Acres

      17878 Old Scenic Hwy

      Land • 35.04 Acres
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    • $1,995,000
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    Similar Nearby for Lease

    • $2,255 /Mo
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      Retail Space in High-Traffic Area

      Prime retail space in Zachary, adjacent to Walmart.
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    • $17 SF/Yr
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      Old Town Square Retail Space

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      Executive Suites in Zachary, LA

      Prime Office Space, Zachary, LA
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      Sullivan Medical Office Space For Lease

      Zachary, LA: Medical Office Suites Available
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      Retail Space in Zachary, LA

      Retail space available for lease in Zachary, Louisiana.
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    • $16 SF/Yr
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      Established Shopping Center in Zachary

      Shopping center in Zachary, Louisiana, with high occupancy and traffic.
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    8101 Main St
    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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