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    10793 Plank Rd Clinton, LA 70722
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    Property profile & analytics

    10793 Plank Rd Clinton, LA 70722

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    • Commercial real estate
    • 0.56 lot acres
    Off-Market
    Property ID
    US36-2199134
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10793 Plank Rd

    Lot size
    0.56 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1140-square-foot property, situated on a sizable 0.56-acre lot in Clinton, Louisiana, presents a unique investment opportunity. Currently configured as a residential building with three bedrooms and one bathroom, its adaptability makes it ideal for a variety of commercial uses. The entire interior features attractive all-wood flooring, eliminating the need for carpet replacement or maintenance. The property benefits from a recently installed 4-ton HVAC unit, ensuring efficient climate control year-round. Its location in a desirable area of Clinton offers excellent visibility and accessibility. The spacious layout provides ample room for customization to suit diverse business needs or continued residential use. The property's versatility, combined with its attractive features and prime location, makes it a compelling prospect for both investors and entrepreneurs seeking a flexible and well-maintained space. The closing will be handled by Ligon Law. Schedule a private viewing to fully appreciate the potential of this remarkable property. The address is 10793 Plank Rd, Clinton, LA. The asking price is $142,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    East Feliciana
    State
    Louisiana
    Longitude
    -91.01281
    Latitude
    30.86086

    Comparable in this City

    • $249,000
      40.00 Acres

      40 Acres of Rural Land

      Unimproved 40-acre parcel ideal for farming or residential development.
      Tbd Henderson Ln, Clinton, LA 70722
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    • $59,900

      Land Tract for Sale

      Land for sale in a desirable, quiet country setting.
      4343 Feliciana Dr, Clinton, LA 70722
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    • $48,000
      1.71 Acres

      Residential Lot in East Feliciana

      1.7 acre residential lot in a quiet subdivision.
      B2 Ln Hwy 959, Clinton, LA 70722
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    • $115,000
      8.77 Acres

      Land in Private Clinton Setting

      Unimproved land with rolling hills, ideal for building a home.
      B-5-B-1-A Ln Hwy 67, Clinton, LA 70722
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    • $229,900
      Pending

      9.28 Acres Homesite Opportunity

      9.28-acre property perfect for homesite with versatile metal building.
      14940 Ln Hwy 959, Clinton, LA 70722
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    • $1,350,000
      212.00 Acres

      212 Acres Hunting/Recreation Land

      Turn-key hunting and recreational property with camp and established blinds.
      40459 Greenwell Springs Rd, Clinton, LA 70722
      View Details

    Similar Nearby for Sale

    • $1,350,000
      212.00 Acres

      212 Acres Hunting/Recreation Land

      Turn-key hunting and recreational property with camp and established blinds.
      40459 Greenwell Springs Rd, Clinton, LA 70722
      View Details
    • $315,000
      24.84 Acres

      Clinton, LA Homesite Opportunity

      Exceptional 24.84-acre homesite in East Feliciana Parish.
      Tbd Mack Ln, Clinton, LA 70722
      View Details
    • $249,000
      40.00 Acres

      40 Acres of Rural Land

      Unimproved 40-acre parcel ideal for farming or residential development.
      Tbd Henderson Ln, Clinton, LA 70722
      View Details
    • $59,900

      Land Tract for Sale

      Land for sale in a desirable, quiet country setting.
      4343 Feliciana Dr, Clinton, LA 70722
      View Details
    • $235,000
      5,120 SF

      Clinton Mobile Home Park Investment

      Four rental units on 5.7 acres in Clinton, LA.
      8863 Folly Brown Rd, Clinton, LA 70722
      View Details
    • Contact for pricing
      1,012 SF

      Historic Office Building on Lawyers’ Row

      Landmark 1845 office building with cast-iron facade for sale.
      12230 Woodville St, Clinton, LA 70722
      View Details
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    Clinton, LA 70722
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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.

    More about this property
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