Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    27222 Walker Rd South Walker, LA 70785

    Property Lookup

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

    27222 Walker Rd South Walker, LA 70785

    View on Map
    • Commercial land
    For Sale
    $695,000
    View Listing →
    Prime Land Near Medical Center For Sale
    $695,000

    Prime Land Near Medical Center

    Development opportunity near Our Lady of the Lake Regional Medical Center.

    27222 Walker South Rd, Walker, LA 70785
    View Listing
    Property ID
    US36-0851456
    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 land

    Property Details for 27222 Walker Rd South

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Located directly across Walker South Road from the Our Lady of the Lake Regional Medical Center just South of the I-12 and Walker South Rd. Interchange in Walker, LA. Walker, LA is one of the fastest growing municipalities in South Louisiana with an over 8.86 percent growth rate and over 14,339 surrounding rooftops and many under construction. Walker, LA has an Average Annual Household Income of over $76,844 and daytime population of over 34,784 people. This site is 1 minute from I-12 and experiences over 31,365 cars per day. This property has over 394' of highway frontage. This site is perfect for development of a gas station, strip center, coffee, drive-thru, car wash, retail, office, fast food, medical, dentist and is conveniently situated between I-12 and Buddy Ellis Rd., across from the Our Lady of the Lake Regional Medical Center. Accessible to Juban Crossing and many new neighborhoods and schools. Additional land can be made available.

    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
    Walker
    County
    Livingston
    State
    Louisiana
    Longitude
    -90.861595
    Latitude
    30.463306

    Comparable in this City

    • Contact for pricing

      Walker Commercial Land For Sale

      7.3+/- acres of commercial land in Walker, Louisiana.
      Brian Park Dr, Walker, LA 70785
      View Details
    • Contact for pricing

      Vacant Land on Florida Blvd

      1.36 acres of vacant land in Walker, Louisiana.
      10075 Florida Blvd, Walker, LA 70785
      View Details
    • Contact for pricing

      Vacant Land on Florida Blvd

      1.36 acres of vacant commercial land in Walker, Louisiana.
      10103 Florida Blvd, Walker, LA 70785
      View Details
    • Contact for pricing

      Vacant Land on Florida Blvd

      1.36 acres of vacant land in Walker, Louisiana.
      10075 Florida Blvd, Walker, LA 70785
      View Details
    • Contact for pricing

      33.42 Acre Industrial Site

      33.42 acre commercial land for sale on Hwy 190.
      Hwy 190 @ Hwy 449, Walker, LA 70785
      View Details

    Similar Nearby for Sale

    • $130,000
      1.02 Acres

      Walker, LA Industrial Lot

      C-3 zoned industrial lot with high traffic potential.
      13660 Ball Park Rd, Walker, LA 70785
      View Details
    • Contact for pricing

      Walker Vacant Land For Sale

      1.505 acres of vacant land in Walker City Limits.
      28798 Walker Rd South, Walker, LA 70785
      View Details
    • Contact for pricing

      Vacant Land on Florida Blvd

      1.36 acres of vacant commercial land in Walker, Louisiana.
      10103 Florida Blvd, Walker, LA 70785
      View Details
    • Contact for pricing

      Vacant Land on Florida Blvd

      1.36 acres of vacant land in Walker, Louisiana.
      10075 Florida Blvd, Walker, LA 70785
      View Details
    • Contact for pricing

      Vacant Land on Florida Blvd

      1.36 acres of vacant land in Walker, Louisiana.
      10075 Florida Blvd, Walker, LA 70785
      View Details

    Similar Nearby for Lease

    • 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

      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

      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
    View Listing
    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.
    27222 Walker Rd South
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!