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    Property profile & analytics

    13356 Miller Rd Walker, LA 70785

    • Commercial real estate
    • 6.72 lot acres
    For Sale
    View listing
    $3,372,306
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1033295
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13356 Miller Rd

    Lot size
    6.72 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.72 to 12-acre parcel presents a rare opportunity for development in the thriving Walker, Louisiana market. Strategically located between Walker South Road and the new Our Lady of the Lake medical facility, this property boasts a prime location with excellent visibility and accessibility. The permitted RESIDENTIAL/COMMERCIAL zoning allows for a wide range of development possibilities, catering to diverse investment strategies. Imagine a state-of-the-art medical office building, a modern apartment complex, or a comfortable hotel – the potential uses are virtually limitless. With a land value of $8 per square foot, this property offers significant potential for substantial return on investment. The expansive lot size provides ample space for large-scale projects, while the convenient location ensures high demand and strong rental potential. The property's address is 13356 Miller Rd, Walker, LA 70785, situated in Livingston Parish. This is a unique chance to acquire a highly desirable piece of land in a rapidly growing area, poised for significant future appreciation. Don't miss this exceptional opportunity to secure a prime location for your next development venture. Contact us today to learn more about this remarkable property and its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Walker
    County
    Livingston Parish
    State
    Louisiana
    Longitude
    -90.864602
    Latitude
    30.467115

    Comparable in this City

    • $1,455,775
      10.00 Acres

      Walker, LA Industrial Land

      33-Acre Industrial Site, Hwy 190 Frontage
      0 Hwy 190 @ Hwy 449, Walker, LA 70785
      View Details
    • $800,000
      1.36 Acres

      Florida Blvd. Commercial Land

      1.36 Acres, High-Traffic Location
      10103 Florida Blvd, Walker, LA 70785
      View Details
    • $175,000
      19.48 Acres

      19.48 Acres of Land in Walker

      Unimproved land offering privacy and potential for custom home building.
      D-4-A Stella Ln, Walker, LA 70785
      View Details
    • $44,500
      1.13 Acres

      Residential Land in Walker, LA

      1.13-acre parcel for a peaceful lifestyle close to town.
      4 Weiss Rd, Walker, LA 70785
      View Details
    • New
      $45,000
      0.88 Acres

      Residential Land in Walker, Louisiana

      0.88-acre lot in a quiet, established area.
      Cane Market Rd, Walker, LA 70785
      View Details
    • $2,538,540
      423.09 Acres

      Prime Walker, LA Land - 423 Acres

      Vast acreage, diverse development potential.
      0 Duff Rd, Walker, LA 70785
      View Details

    Similar Nearby for Sale

    • $1,455,775
      10.00 Acres

      Walker, LA Industrial Land

      33-Acre Industrial Site, Hwy 190 Frontage
      0 Hwy 190 @ Hwy 449, Walker, LA 70785
      View Details
    • $800,000
      1.36 Acres

      Florida Blvd. Commercial Land

      1.36 Acres, High-Traffic Location
      10103 Florida Blvd, Walker, LA 70785
      View Details
    • $175,000
      19.48 Acres

      19.48 Acres of Land in Walker

      Unimproved land offering privacy and potential for custom home building.
      D-4-A Stella Ln, Walker, LA 70785
      View Details
    • $44,500
      1.13 Acres

      Residential Land in Walker, LA

      1.13-acre parcel for a peaceful lifestyle close to town.
      4 Weiss Rd, Walker, LA 70785
      View Details
    • New
      $45,000
      0.88 Acres

      Residential Land in Walker, Louisiana

      0.88-acre lot in a quiet, established area.
      Cane Market Rd, Walker, LA 70785
      View Details
    • $1,150,000
      0.46 Acres

      Prime Walker Retail Land

      1.27-Acre Retail Tract, High Traffic
      29780 Walker Rd, Walker, LA 70785
      View Details
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    13356 Miller Rd
    Walker, LA 70785
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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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