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Property profile & analytics
OFF-MARKET Estimated value $2,060,000
Commercial land

28910 Walker S Rd Walker, LA 70785-6035

0.72 ac lot
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US36-1412424
Property summary
AI-generated overview

This exceptional 12,000-square-foot build-to-suit opportunity presents a unique chance to develop a Class A executive office space, retail space, or warehouse in Walker, Louisiana. Located on a 0.724-acre lot in Livingston Parish, this single-tenant property boasts a prime location behind Arby's and Popeye's, offering convenient access to Walker South Road (Hwy 447) and Interstate 12. The property features 25 feet of frontage on Hwy 447, ensuring high visibility and easy accessibility. The site is zoned RC (Residential Commercial), providing flexibility for various development plans. Construction was completed in 2022, offering a modern and efficient building. This build-to-suit option allows for customization to meet specific business needs, making it ideal for companies seeking a tailored space in a thriving location. The competitive development rates make this an attractive investment opportunity. The property's strategic location provides easy access to major transportation routes, connecting businesses to Florida and other areas of the parish and region. This is an ideal location for businesses seeking a high-profile location without the need for direct retail frontage.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.72 ac (31,363 SF)
APN 322305
UPID US36-1412424
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.06M
Owner & transaction history
Iris Associates LP · 2 yrs held
Iris Associates LP
since 2023
Last sale
$2.1M
2 recorded transactions
2023
$2.1M
2015
$360,285
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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