5191 Mire Hwy Rayne, LA 70578
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.