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    2 Tracts Zachary, LA 70791
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    2 Tracts, Zachary, LA 70791

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    • Retail properties & Spaces
    • 2.85 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2 Tracts

    Lot size
    2.85 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property offering encompasses two tracts totaling 2.85 acres situated on Hwy 964 in Zachary, Louisiana. The property is conveniently located between Copper Mill Elementary School and the Copper Mill Subdivision, benefiting from high visibility and excellent access. The asking price for the combined tracts is $558,657. Alternatively, individual lot purchases are available. Tract Z-1-A2, measuring 1.50 acres, is priced at $5.00 per square foot. Tract Z-1-A5, spanning 1.345 acres, also carries a price of $5.00 per square foot. This presents a unique opportunity for investors and developers seeking a foothold in a thriving market. Zachary, Louisiana boasts a highly desirable location, consistently recognized for its top-rated schools

    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
    State
    Louisiana
    Longitude
    -91.1934
    Latitude
    30.6548

    Comparable in this City

    • Value Estimation by Request
      30,446 SF

      Old Scenic Hwy

      Lifestyle centers
      0 Old Scenic Hwy, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      1.20 Acres

      16351 Old Scenic Hwy

      Mixed-use properties
      16351 Old Scenic Hwy, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      1,500 SF

      4783 Secretary Rd

      Day care centers
      4783 Secretary Rd, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      20,252 SF

      5810 Main St

      Lifestyle centers
      5810 Main St, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      2,294 SF

      5420 Old Scenic Hwy

      Medical Office Space
      5420 Old Scenic Hwy, Zachary, LA 70791
      View Details
    • Value Estimation by Request

      11880 Greenwell Spg Pt Hudso Rd

      FINANCIAL BUILDING
      11880 Greenwell Spg Pt Hudso Rd, Zachary, LA 70791
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Tracts For Sale

      Retail tracts available for sale.
      2 Tracts, Zachary, LA 70791
      View Details
    • $1,750,000

      Operating Gas Station For Sale

      Gas station with 8 dispensers at Plank Road and Main.
      20191 Plank Rd, Zachary, LA 70791
      View Details
    • Contact for pricing

      Land in Master-Planned Americana Community

      Land for sale in walkable, amenity-rich Americana community.
      19738 Barnett Rd, Zachary, LA 70791
      View Details
    • Contact for pricing

      Vacant Land in Zachary Area

      Strategically positioned land ideal for retail, office, and warehousing.
      Old Scenic Hwy, Zachary, LA 70791
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Zachary Retail Space For Lease

      Retail suites available in high-traffic Zachary location.
      6363 Main St, Zachary, LA 70791
      View Details
    • Contact for pricing

      Retail Space in Zachary, Louisiana

      Retail space for lease in the heart of Zachary, Louisiana.
      4347 High St, Zachary, LA 70791
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space available in Zachary, Louisiana, near Walmart Supercenter.
      5647 Main St, Zachary, LA 70791
      View Details
    • Contact for pricing

      Medical Office Space in Zachary

      Medical office space for rent in established medical park.
      4845 Main St, Zachary, LA 70791
      View Details
    • $17 SF/Yr

      Class A Office Suite

      1,674 SF office suite in Copper Mill Office Park.
      1215 Independence Blvd, Zachary, LA 70791
      View Details
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    2 Tracts
    Zachary, LA 70791
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    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.

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