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Property profile & analytics
OFF-MARKET
Land

5191 Mire Hwy Rayne, LA 70578

114.57 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 114.57-acre property in Rayne, Louisiana, presents a unique investment opportunity. Located just 3.5 miles north of I-10 (Exit 92), this land boasts a highly desirable location, neighboring Dollar General and within easy reach of Mire Elementary School and Assumption Catholic Church. The property is divided into six conveniently sized tracts, ranging from 14 to 24 acres each, offering flexibility for various development scenarios. Subdivision is possible, catering to diverse project needs. The property enjoys a favorable flood zone X rating and is free from zoning regulations, simplifying the development process. Utilities are readily available, including SLEMCO Electric, Mire Branch Water Corp, private sewage, and Center Point Energy (natural gas). Educational facilities are nearby, with Mire Elementary (Pre-K through 8th grade) and Rayne High School serving the community. Its strategic location provides easy access to several thriving communities: a 12-minute drive to Rayne, 13 minutes to Scott, 14 minutes to Church Point, 15 minutes to Carencro, and 20 minutes to the Cajundome near downtown Lafayette. The 2023 property taxes were $377.07. This versatile land presents significant potential for industrial or residential development, making it an attractive proposition for discerning investors seeking a prime location in a growing area. The asking price is $1,725,000, with a land value of $0.34 per square foot. The property's APN is 0100183650|1. The address is 5191 Mire Hwy, Rayne, LA 70578.

Property profile
Verified
Property type Land
Lot 114.57 ac (4,990,669 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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