Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    449 Hwy 190 @ Hwy Walker, LA 70785

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    449 Hwy 190 @ Hwy Walker, LA 70785

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

    Current Use by Public Records

    • Land

    Property Details for 449 Hwy 190 @ Hwy

    Lot size
    10.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 33.42-acre industrial site presents a significant investment opportunity in Walker, Louisiana's rapidly growing Livingston Parish. Strategically located on Highway 190, east of Walker South Road and Comar Industrial Park, this property boasts approximately 587 feet of highway frontage, ensuring high visibility and accessibility. Utilities are readily available. The site is ideally suited for a variety of industrial uses and is further enhanced by the availability of an adjacent 33.43-acre parcel. The seller will consider subdividing the property for a minimum 10-acre purchase. The legal description includes multiple tracts detailed in Livingston Parish land records (Section 29-6-4, Tract A from Heirs of Janie Coburn, Book 447, pg. 424; W/2 of NE 1/4 Section 30-6-4, Book 433, pg. 595 and 451, pg 804; 9.5 acres 1/1 Sec. 30-6-4 bk. 433 pg. 592, 433 pg 595; 451 pg 804 Lot 28-A; Part. 464/773; 3.08 acres 1/1 Sec. 30-6-4 bk. 359 pg 350; 7.95 acres m/l being Tract D Sec. 17-9-6, from George E. Coburn et als by part deed 447/pg 424). The asking price for this prime industrial land is $1,455,775. The property includes all buildings and improvements. The APN is 0252429. This property is zoned for Residential, Commercial, and Industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Walker
    County
    Livingston Parish
    State
    Louisiana
    Longitude
    -90.8343
    Latitude
    30.4986

    Comparable in this City

    • Value Estimation by Request
      348.00 Acres

      Corbin Rd

      Multifamily properties • 348.00 Acres
      0 Corbin Rd, Walker, LA 70785
      View Details
    • Value Estimation by Request
      423.09 Acres

      Duff Rd

      Multifamily properties • 423.09 Acres
      0 Duff Rd, Walker, LA 70785
      View Details
    • Value Estimation by Request
      1.58 Acres

      29960 Henderson Ln

      Land • 1.58 Acres
      29960 Henderson Ln, Walker, LA 70785
      View Details
    • Value Estimation by Request
      10.00 Acres

      190 Hwy

      Land • 10.00 Acres
      190 Hwy, Walker, LA 70785
      View Details
    • Value Estimation by Request
      2.72 Acres

      10075-10103 Florida Blvd

      Land • 2.72 Acres
      10075-10103 Florida Blvd, Walker, LA 70785
      View Details
    • Value Estimation by Request
      1.36 Acres

      10103 Florida Blvd

      Land • 1.36 Acres
      10103 Florida Blvd, Walker, LA 70785
      View Details

    Similar Nearby for Sale

    • $147,500
      6.00 Acres

      Unimproved Land Near Walker, LA

      Six acre tract near Livingston Fairgrounds, ideal for building.
      C-1 Jessie Sibley Rd, Walker, LA 70785
      View Details
    • Contact for pricing

      3.17 Acres Land For Sale

      3.17 acres of land near Walker and Denham Springs.
      12234 Whitetail Ln, Walker, LA 70785
      View Details
    • $149,900
      10.00 Acres

      Expansive 10-Acre Retreat in Walker

      Versatile 10-acre property in Walker, Louisiana, full of potential.
      0000 Sand Hill Rd, Walker, LA 70785
      View Details
    • $300,000
      10.00 Acres

      Unimproved Land in Walker, LA

      10-acre lot available for sale in Walker, Louisiana.
      Tbd Cv Kathy's, Walker, LA 70785
      View Details
    • $65,000

      Wooded Acreage in Walker

      2.62 acre wooded tract in Walker development.
      15 Magnolia Dr, Walker, LA 70785
      View Details
    • $149,900

      Land For Sale in Walker

      Land available on Sand Hill Rd, Walker, LA 70785
      0000 Sand Hill Rd, Walker, LA 70785
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      60,000 SF Warehouse Opportunity

      Warehouse or showroom space available in Walker, Louisiana.
      28145 Walker Rd South, Walker, LA 70785
      View Details
    • Contact for pricing

      1.89 Acres Available For Lease

      1.891 acres for lease or build-to-suit opportunity.
      9012 Comar Dr, Walker, LA 70785
      View Details
    • Contact for pricing

      Retail Space Near Wellcome Store

      1,425 sqft end-cap unit adjacent to Wellcome Country Store.
      30150 Walker Rd North, Walker, LA 70785
      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.
    449 Hwy 190 @ Hwy
    Walker, LA 70785
    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

    449 Hwy 190 @ Hwy, Walker, LA, 70785

    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!