Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    42 Tract A-2-A Hwy Prairieville, LA 70769
    Back to Search
    Property profile & analytics

    42 Tract A-2-A Hwy Prairieville, LA 70769

    View on Map
    • Land
    • 4.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 42 Tract A-2-A Hwy

    Lot size
    4.73 lot acres
    Property type
    Land

    Description

    This ±4.73-acre commercial land parcel presents a unique development opportunity in the rapidly growing Prairieville, Louisiana market. Located in Ascension County at the corner of Highway 42 and Highway 929, this PUD-Retail zoned property boasts dual frontage, providing exceptional visibility and accessibility. The site is directly across from a Rouses Market and is anchored by a Walgreens and a new Auto Zone, ensuring high foot traffic and strong retail synergy. The property's strategic location benefits from approximately 16,720 vehicles passing daily on Highway 42, a roadway currently undergoing expansion to four lanes. The lot itself offers flexibility, allowing for subdivision into smaller parcels to accommodate various development plans. Two existing access roads further enhance convenience and accessibility. This prime location is surrounded by recent commercial growth, including a Walmart and the aforementioned Rouses Market, indicating a thriving and expanding retail environment. The land is priced at $7.60 per square foot, offering a compelling investment opportunity for retail or mixed-use development projects. The property's size, location, and zoning make it an ideal site for a variety of commercial ventures. The existing infrastructure, including dual road frontage and access roads, simplifies development and reduces initial costs. This is a rare opportunity to acquire a significant parcel of land in a high-growth area with excellent visibility and access. The property's potential for subdivision allows for tailored development to meet specific needs and maximize return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prairieville
    County
    Ascension
    State
    Louisiana
    Longitude
    -90.963
    Latitude
    30.317

    Comparable in this City

    • Value Estimation by Request
      8.65 Acres

      44058 La-42

      Farms • 8.65 Acres
      44058 La-42, Prairieville, LA 70769
      View Details
    • Value Estimation by Request
      1.86 Acres

      17444 Airline Hwy

      Land • 1.86 Acres
      17444 Airline Hwy, Prairieville, LA 70769
      View Details
    • Value Estimation by Request
      0.46 Acres

      Tbd La-42

      Land • 0.46 Acres
      0 Tbd La-42, Prairieville, LA 70769
      View Details
    • Value Estimation by Request

      - 7-B Commerce Centre Dr

      Land
      - 7-B Commerce Centre Dr, Prairieville, LA 70769
      View Details
    • Value Estimation by Request
      4.26 Acres

      40512 Ln Hwy

      Land • 4.26 Acres
      40512 Ln Hwy, Prairieville, LA 70769
      View Details
    • Value Estimation by Request
      2.12 Acres

      73 & Interstate 10

      Land • 2.12 Acres
      73 & Interstate 10, Prairieville, LA 70769
      View Details

    Similar Nearby for Sale

    • $284,900

      Land For Sale in Prairieville

      Land available near Bayou Manchac Bridge, Prairieville, Louisiana.
      38166 Oakland Dr, Prairieville, LA 70769
      View Details
    • Contact for pricing

      Land on Highway 74 Corner

      Corner land parcel on a busy thoroughfare, zoned residential.
      13023 Bluff Rd, Prairieville, LA 70769
      View Details
    • Contact for pricing
      0.66 Acres

      Prairieville Land Parcel For Sale

      Unimproved land with utilities available, suitable for light commercial use.
      18389 Amite Acres Dr, Prairieville, LA 70769
      View Details
    • $329,999

      Prairieville Land For Sale

      Land available in Prairieville, Louisiana.
      17309 Degage Dr, Prairieville, LA 70769
      View Details
    • $34,900
      0.63 Acres

      Unimproved Land in Prairieville, LA

      Corner lot with utilities available, suitable for light commercial use.
      18371 Amite Acres Dr, Prairieville, LA 70769
      View Details
    • $1,300,328

      Prairieville Commercial Land - Hwy 42

      Prime Hwy 42 commercial lot, ideal for retail or office. High visibility, near new homes.
      0 Highway 42, Prairieville, LA 70769
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Lot in Growing Community

      0.46-acre lot in Prairieville, LA, ready for development.
      Tbd La-42, Prairieville, LA 70769
      View Details
    • Contact for pricing

      High-Visibility Retail Center in Prairieville

      Retail space in a rapidly growing area with high visibility.
      17535 Airline Hwy, Prairieville, LA 70769
      View Details
    • Contact for pricing
      11,687 SF

      Prairieville Industrial/Manufacturing Facility For Rent

      Industrial/Manufacturing facility in Prairieville, available July 1, 2025.
      37294 Commerce Ln, Prairieville, LA 70769
      View Details
    • $1,200 /Mo
      950 SF

      Prairieville Commercial Building For Rent

      Commercial building in Prairieville, suitable for office or retail.
      15298 Airline Hwy, Prairieville, LA 70769
      View Details
    • $20 SF/Yr
      6,246 SF

      Prairieville Retail Center: Prime Space

      High-traffic retail space, 1,220 sq ft available.
      17278 Airline Hwy, Prairieville, LA 70769
      View Details
    • Contact for pricing

      Prairieville Office Warehouse For Rent

      Office warehouse space available for lease in Prairieville, Louisiana.
      18230 Swamp Rd, Prairieville, LA 70769
      View Details
    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.
    42 Tract A-2-A Hwy
    Prairieville, LA 70769
    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
    42 Tract A-2-A Hwy, Prairieville, LA, 70769
    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!