Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Plaza Dr Plaquemine, LA 70764
    Back to Search
    Property profile & analytics

    Plaza Dr, Plaquemine, LA 70764

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

    Current Use by Public Records

    • Land

    Property Details for 0 Plaza Dr

    Property type
    Land

    Description

    This exceptional 30,091 square foot commercial lot presents a unique investment opportunity in the thriving Plaquemine medical area. Located on Plaza Drive, just off Bellview Drive, this vacant land is cleared and ready for immediate construction. The property boasts a prime location within a rapidly growing section of Plaquemine, surrounded by numerous established medical businesses. Its convenient access to major roadways ensures high visibility and easy accessibility for potential tenants or occupants. The lot is zoned for commercial use, offering flexibility for a wide range of development projects. With its ideal size and location, this property is perfectly suited for medical offices, clinics, or other healthcare-related businesses seeking a prominent presence in a high-demand area. The parcel number is 0210152901. The asking price for this exceptional opportunity is $86,500. This represents a significant value proposition given the property's location, size, and readiness for development. Don't miss this chance to secure a prime piece of commercial real estate in a burgeoning market. The property is situated in Plaquemine, Louisiana, zip code 70764.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plaquemine
    County
    Iberville
    State
    Louisiana
    Longitude
    -91.2468
    Latitude
    30.2625

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      Belleview Dr. & Enterprise Blvd

      Multifamily properties
      0 Belleview Dr. & Enterprise Blvd, Plaquemine, LA 70764
      View Details
    • Value Estimation by Request
      1.02 Acres

      25420 La-1

      Land
      25420 La-1, Plaquemine, LA 70764
      View Details
    • Value Estimation by Request

      11 Plaza Dr

      Land
      11 Plaza Dr, Plaquemine, LA 70764
      View Details
    • Value Estimation by Request
      14.18 Acres

      La-405

      Farms
      0 La-405, Plaquemine, LA 70764
      View Details
    • Value Estimation by Request

      28400 La-405

      Land
      28400 La-405, Plaquemine, LA 70764
      View Details
    • Value Estimation by Request
      11.75 Acres

      25035 La-1

      Land
      25035 La-1, Plaquemine, LA 70764
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Plaquemine

      Land available in Plaquemine, Louisiana.
      23415 Gauthier St, Plaquemine, LA 70764
      View Details
    • Contact for pricing

      Vacant Land in Plaquemine, LA

      Vacant land suitable for retail development in Plaquemine, LA.
      39-A Belleview Rd, Plaquemine, LA 70764
      View Details
    • $87,000

      Waterfront Lot in Plaquemine

      Waterfront lot with new bulkhead, ideal for recreation.
      25965 Sawmill Rd, Plaquemine, LA 70764
      View Details
    • Contact for pricing
      0.20 Acres

      Corner Lot in Plaquemine, LA

      Unimproved corner lot suitable for new construction or investment.
      23450 Rich St, Plaquemine, LA 70764
      View Details
    • Contact for pricing
      0.11 Acres

      Vacant Homesite in Plaquemine, LA

      Cleared 4,800 sq ft lot ready for construction.
      23415 Gauthier St, Plaquemine, LA 70764
      View Details
    • Contact for pricing

      Commercial Site Ready to Build

      Commercial land for sale near medical facilities and schools.
      11 Plaza Dr, Plaquemine, LA 70764
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Build-to-Suit Opportunity

      Commercial land for rent, build-to-suit opportunity in Plaquemine.
      Plaza Dr, Plaquemine, LA 70764
      View Details
    • Contact for pricing
      1,032 SF

      Office Suite in Shopping Center

      Office suite available for lease in Plaquemine, Louisiana.
      24450 Eden St, Plaquemine, LA 70764
      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.
    Plaza Dr
    Plaquemine, LA 70764
    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
    Plaza Dr, Plaquemine, LA, 70764
    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!