Property profile

192 Pinegrove Dr Pineville, LA 71360

OFF-MARKET
Office Spaces
Property ID
US36-1669028
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,000 square foot commercial building in Pineville, Louisiana presents a remarkable investment opportunity. Situated on a 0.7-acre lot, this property boasts a versatile layout ideal for a single large business or multiple smaller tenants. The building features four separate entrances and four individual electric meters, providing flexibility and convenience for diverse occupancy. Currently housing one tenant, the property offers significant potential for increased revenue through additional leasing. The spacious interior offers multiple options for customized floor plans to suit various business needs. Ample parking is provided with a 38-space lot, ensuring convenient access for employees and customers. Strategically located between heavily trafficked Highway 28 East and Highway 107 on Pinegrove Drive, this property benefits from high visibility and easy accessibility. The asking price is $344,900. This is a rare chance to acquire a well-maintained, adaptable commercial space in a thriving location. The existing tenant provides immediate income potential, while the adaptable layout allows for future growth and expansion. Don't miss this opportunity to secure a prime commercial property in a high-demand area. The combination of location, size, and flexible design makes this an exceptional investment.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
APN 04-018-06560-0012
UPID US36-1669028

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Vocational School Training Center

Location

192 Pinegrove Dr Pineville, LA 71360-5752
Pineville metro Census 11502 ALEXANDRIA, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2025
Last sale
$315,000
2 recorded transactions
2025
$315,000
2017
$220,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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