Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hwy 28 Hwy Pineville, LA 71360
    Back to Search
    Property profile & analytics

    Hwy 28 Hwy Pineville, LA 71360

    View on Map
    • Commercial real estate
    • 166,399 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Hwy 28 Hwy

    Property size
    166,399 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3.82-acre tract presents a unique investment opportunity in Pineville, Louisiana. Strategically located on Highway 28 East, this property offers unparalleled versatility for a wide range of commercial ventures. The expansive 166,399 square foot parcel is ideally suited for various uses, including the placement of manufactured homes, the construction of new commercial buildings, or other investment-oriented developments. The existing landscape features mature trees, adding to the aesthetic appeal and potential for landscaping enhancements. Given its prominent highway frontage, this property boasts exceptional visibility and accessibility, making it an attractive location for businesses seeking high traffic exposure. The absence of existing structures allows for complete design flexibility, enabling prospective buyers to tailor the property to their specific needs and vision. This is a rare chance to acquire a substantial piece of land in a thriving area with significant potential for growth and return on investment. The property's size and location make it an exceptional opportunity for developers, investors, and entrepreneurs seeking a prime commercial site in Pineville. Serious inquiries are encouraged to explore the possibilities this remarkable property offers. The property is offered at $134,527.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pineville
    County
    Rapides
    State
    Louisiana
    Longitude
    -92.4148
    Latitude
    31.3333

    Comparable in this City

    • Value Estimation by Request
      1,986 SF

      3402 Hwy 28 Hwy

      Commercial real estate • 1,986 SF
      3402 Hwy 28 Hwy, Pineville, LA 71360
      View Details
    • Value Estimation by Request
      19,000.00 Acres

      3493 Hwy 28th E

      COMMERCIAL (GENERAL) • 19,000.00 Acres
      3493 Hwy 28th E, Pineville, LA 71360-5860
      View Details
    • Value Estimation by Request
      2,640 SF

      5209 Hwy 28th E

      COMMERCIAL (GENERAL) • 2,640 SF
      5209 Hwy 28th E, Pineville, LA 71360-4740
      View Details
    • Value Estimation by Request

      2909 Monroe Hwy

      COMMERCIAL MISC
      2909 Monroe Hwy, Pineville, LA 71360-4146
      View Details
    • Value Estimation by Request
      2,044 SF

      402 Shamrock Ave

      COMMERCIAL (GENERAL) • 2,044 SF
      402 Shamrock Ave, Pineville, LA 71360-6558
      View Details
    • Value Estimation by Request
      4.00 Acres

      2996 Hwy 28th E

      COMMERCIAL (GENERAL) • 4.00 Acres
      2996 Hwy 28th E, Pineville, LA 71360
      View Details

    Similar Nearby for Sale

    • $299,000
      4,236 SF

      Prime Pineville Commercial Building

      High-Visibility, Established Tenants, Great ROI
      1610 Melrose St, Pineville, LA 71360
      View Details
    • Contact for pricing
      2,500 SF

      1135 Expressway Dr, Pineville, LA 71360

      Commercial real estate • 2,500 SF
      1135 Expressway Dr, Pineville, LA 71360
      View Details
    • $48,900

      Residential Lot in Gated Community

      Residential lot in Pineville's premier gated community, Richfield.
      Richfield Loop Pl, Pineville, LA 71360
      View Details
    • $100,000

      Commercial Parcel Near Highway Intersection

      Centrally located parcel suitable for commercial development or office/warehouse.
      Shreveport Hwy, Kolin, LA 71360
      View Details
    • Contact for pricing

      Pineville Outparcel Near Lowe's

      1.29 acre vacant outparcel with high visibility.
      3200 Monroe Hwy, Pineville, LA 71360
      View Details
    • Contact for pricing

      Dirt Pad Ready For Construction

      Dirt pad in place, compaction test satisfactory.
      112 Myrtlewood Dr, Pineville, LA 71360
      View Details

    Similar Nearby for Lease

    • $950 /Mo
      800 SF

      Commercial Space in Pineville, LA

      800 SF commercial space available in high-traffic Pineville location.
      21730 Hwy 167, Pineville, LA 71360
      View Details
    • $15 SF/Yr

      Modern Office Suite For Lease

      Renovated office suite in high-traffic Pineville location.
      3113E Highway 28 East, Pineville, LA 71360
      View Details
    • Contact for pricing
      1,900 SF

      Retail Space Near Walmart

      Retail space with excellent visibility, near Walmart Supercenter.
      3628 Monroe Hwy, Pineville, LA 71360
      View Details
    • $1,000 /Mo
      2,000 SF

      Shop/Warehouse with Living Quarters

      Shop/warehouse with living quarters and potential for income.
      433 Sunny Hill Dr, Pineville, LA 71360
      View Details
    • Contact for pricing
      2,801 SF

      Pineville Restaurant with Drive-Thru

      2,801 SF Gen 2 QSR restaurant with drive-thru for lease.
      2753 La-28, Pineville, LA 71360
      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.
    Hwy 28 Hwy
    Pineville, LA 71360
    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
    Hwy 28 Hwy, Pineville, LA, 71360
    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!