Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    00 Old Scenic Hwy Zachary, LA 70791

    • Land
    • 10.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 00 Old Scenic Hwy

    Lot size
    10.00 lot acres
    Property type
    Land

    Description

    This exceptional 10-acre parcel of land, located at 00 Old Scenic Hwy in Zachary, Louisiana, zip code 70791, presents a unique investment opportunity. Situated in East Baton Rouge Parish, this property offers significant potential for commercial development. The expansive lot is currently wooded, providing a tranquil setting with lush greenery and natural beauty. Its size allows for a wide range of commercial ventures, from retail spaces to light industrial uses, or even a combination thereof. The property's location in Zachary offers convenient access to major roadways and amenities, making it an attractive site for businesses seeking visibility and accessibility. The asking price for this remarkable property is $250,000, and it is available for a 1031 exchange, providing a tax-advantaged investment opportunity for qualified buyers. The latitude and longitude coordinates are 30.648761 and -91.1930722 respectively. This is a rare chance to acquire a substantial tract of land in a growing Louisiana community, ideal for those seeking a strategic commercial investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zachary
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1931
    Latitude
    30.6488

    Comparable in this City

    • Value Estimation by Request
      11.30 Acres

      19857 Old Scenic Hwy

      Land • 11.30 Acres
      19857 Old Scenic Hwy, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      6.09 Acres

      5899 La-19

      Land • 6.09 Acres
      5899 La-19, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      15.00 Acres

      Sec Of Church St & Live Oak Trce

      Land • 15.00 Acres
      0 Sec Of Church St & Live Oak Trce, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      10.74 Acres

      Church St

      Land • 10.74 Acres
      0 Church St, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      0.80 Acres

      964 Copper Mill Dr

      Land • 0.80 Acres
      964 Copper Mill Dr, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      0.86 Acres

      Machost Rd

      Distribution properties • 0.86 Acres
      0 Machost Rd, Zachary, LA 70791
      View Details

    Similar Nearby for Sale

    • $1,995,000
      10.74 Acres

      Hwy 64 Zachary Commercial Land

      10.74 Acres, Prime Commercial Location
      0 Church St, Zachary, LA 70791
      View Details
    • $1,200,000
      7.08 Acres

      Zachary Mixed-Use Land Opportunity

      7.08 Acres, Prime Commercial Location
      3324 Church St, Zachary, LA 70791
      View Details
    • $650,000
      146.00 Acres

      Zachary Land: 146 Acres

      Prime residential land, Zachary, LA. Excellent location & access.
      0 Main St, Zachary, LA 70791
      View Details
    • Contact for pricing
      35.04 Acres

      17878 Old Scenic Hwy

      Land • 35.04 Acres
      17878 Old Scenic Hwy, Zachary, LA 70791
      View Details
    • $1,027,144
      5.24 Acres

      Prime Zachary Commercial Land

      5.24 Acres Hwy 964, Louisiana
      1215 Independence Blvd, Zachary, LA 70791
      View Details
    • $180,000
      15.74 Acres

      Vacant Land in Zachary, LA

      15.74 acres of vacant land in a rural setting.
      14087 Jackson Rd, Zachary, LA 70791
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      16,263 SF

      Old Town Square Retail Space

      Zachary, LA Strip Center: 3,753 SF Available
      4347 High St, Zachary, LA 70791
      View Details
    • $2,203 /Mo
      1,250 SF

      Retail Space in High-Traffic Area

      Prime retail space in Zachary, adjacent to Walmart.
      5635 Main St, Zachary, LA 70791
      View Details
    • $25 SF/Yr
      22,000 SF

      Executive Suites in Zachary, LA

      Prime Office Space, Zachary, LA
      1110 Americana Blvd, Zachary, LA 70791
      View Details
    • $29 SF/Yr
      20,050 SF

      Sullivan Medical Office Space For Lease

      Zachary, LA: Medical Office Suites Available
      4845 Main St, Zachary, LA 70791
      View Details
    • Contact for pricing
      1,969 SF

      Retail Space in Zachary, LA

      Retail space available for lease in Zachary, Louisiana.
      1185 Americana Blvd, Zachary, LA 70791
      View Details
    • $17 SF/Yr
      1,674 SF

      Class A Office Suite

      1,674 SF office suite in Copper Mill Office Park.
      1215 Independence Blvd, Zachary, LA 70791
      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.
    00 Old Scenic Hwy
    Zachary, LA 70791
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!