Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Choctaw Lot 102 Lk Franklinton, LA 70438

    Property Lookup

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

    Choctaw Lot 102 Lk Franklinton, LA 70438

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

    Current Use by Public Records

    • Land

    Property Details for Choctaw Lot 102 Lk

    Lot size
    0.62 lot acres
    Property type
    Land

    Description

    This exceptional .62-acre residential lot in the desirable Lake Choctaw subdivision presents a unique opportunity to build your dream home. Located in Franklinton, Louisiana, this property boasts direct lake access, perfect for fishing enthusiasts and those seeking a tranquil lakeside lifestyle. The lot is situated in a beautiful subdivision with underground utilities available from the main service line, ensuring convenient connectivity. A minimum build size of 1500 square feet is required, allowing for ample space to create a comfortable and spacious residence. The community offers a welcoming atmosphere and is served by a highly-rated school district. An optional $100 annual HOA fee provides access to community amenities. Importantly, this property is located in Flood Zone X, eliminating the need for flood insurance, offering peace of mind to potential buyers. This is a last chance to own a lot in this sought-after subdivision. Buyers are advised to independently verify the square footage. The property is conveniently located in Washington Parish, Louisiana, with the zip code 70438. Don't miss this chance to own a piece of this serene lakeside community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklinton
    County
    Washington
    State
    Louisiana
    Longitude
    -90.0226
    Latitude
    30.8913

    Comparable in this City

    • Value Estimation by Request
      0.69 Acres

      103 Lk Choctaw Rd

      Land • 0.69 Acres
      103 Lk Choctaw Rd, Franklinton, LA 70438
      View Details
    • Value Estimation by Request
      322.00 Acres

      La-16

      Land • 322.00 Acres
      0 La-16, Franklinton, LA 70438
      View Details
    • Value Estimation by Request
      0.76 Acres

      Franklinton, LA 70438

      Land • 0.76 Acres
      Franklinton, LA 70438
      View Details
    • Value Estimation by Request
      0.98 Acres

      Choctaw Lot 101 Lk

      Land • 0.98 Acres
      Choctaw Lot 101 Lk, Franklinton, LA 70438
      View Details
    • Value Estimation by Request
      0.64 Acres

      127 Choctaw Dr

      Land • 0.64 Acres
      127 Choctaw Dr, Franklinton, LA 70438
      View Details
    • Value Estimation by Request
      57.10 Acres

      Riv Pass Rd

      Land • 57.10 Acres
      0 Riv Pass Rd, Franklinton, LA 70438
      View Details

    Similar Nearby for Sale

    • $103,500
      Pending

      Wooded Land in Franklinton, LA

      17.41 acres of wooded land near Franklinton, Louisiana.
      Hammond Sylvest Rd, Franklinton, LA 70438
      View Details
    • $147,233
      0.52 Acres

      Franklinton Retail Land Investment

      Prime Commercial Lot, High ROI Potential
      0 Washington St, Franklinton, LA 70438
      View Details
    • $33,500

      Land For Sale

      Land available for purchase.
      1 Old Union Rd, Franklinton, LA 70438
      View Details
    • Contact for pricing

      4.27 Acre Highway Frontage Land

      4.27 acres of land with highway frontage.
      46390 Highway 10, Franklinton, LA 70438
      View Details
    • $35,000
      2.11 Acres

      Vacant Land in Franklinton, LA

      2.11 acre vacant land for sale in Franklinton, Louisiana.
      8 9Th Ave, Franklinton, LA 70438
      View Details
    • $119,900
      14.77 Acres

      Franklinton Land with Creek

      14.77 acres in Flood Zone X with creek.
      62 Lot 2 & 3, Franklinton, LA 70438
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Community Center

      Retail spaces available in a busy, established community center.
      1910-1926 Washington St. / Hwy 10, Franklinton, LA 70438
      View Details
    • $1,750 /Mo
      1,750 SF

      Retail Space in Franklinton

      Retail space available for rent in Franklinton, Louisiana.
      1725 Washington St, Franklinton, LA 70438
      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.
    Choctaw Lot 102 Lk
    Franklinton, LA 70438
    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!