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

    32433 Pearlie Causey Rd Franklinton, LA 70438

    • Commercial real estate
    • 23.48 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1126474
    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 32433 Pearlie Causey Rd

    Lot size
    23.48 lot acres
    Property type
    Commercial real estate
    APN
    0800038570A

    Description

    This ±23.48-acre parcel of land, located at 32433 N Pearlie Causey Rd, Franklinton, LA 70438, is now available for purchase. The property boasts unrestricted zoning, offering exceptional flexibility for a wide range of development opportunities. Potential uses include agricultural, commercial, industrial, or recreational purposes. The expansive lot size presents significant potential for various projects. The property's location in Washington Parish provides access to the amenities of Franklinton while maintaining a desirable rural setting. The asking price for this unique property is $150,282. The Assessor's Parcel Number (APN) is 0800038570A. This is an excellent investment opportunity for those seeking a large tract of land with diverse development potential in a growing area of Louisiana. The property's unrestricted nature allows for creative and adaptable uses, making it an attractive option for both established businesses and new ventures. Serious inquiries are encouraged.

    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
    Franklinton
    County
    Washington Parish
    State
    Louisiana
    Longitude
    -90.125177460297
    Latitude
    30.997767040489

    Comparable in this City

    • $15,000,000
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      Louisiana Farm & Industrial Land

      1,500 Acres, Prime Development Opportunity
      37218 Chess Bankston Rd, Franklinton, LA 70438
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    • $1,995,000
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      152-Acre Louisiana Waterfront Land

      Prime Hunting, Recreational, & Development Land
      0 La-25, Franklinton, LA 70438
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    • $275,000
      40.45 Acres

      Franklinton Land with Hunting Potential

      40.45 acres in Franklinton, LA, ideal for hunting.
      29433 Roscoe Dillon Rd, Franklinton, LA 70438
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    • $260,000
      22.32 Acres

      22.32 Acre Vacant Land

      22.32 acre tract in Franklinton, LA with pond.
      Simmons Rd, Franklinton, LA 70438
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    • $399,000
      1,039 SF

      Franklinton Land with Barndominium

      18+ acres with barndominium, workshop, and RV storage.
      20259 Sylvest Rd, Franklinton, LA 70438
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    • Contact for pricing
      5,722 SF

      Luxury Estate on 65 Acres

      Private estate with pool, pond, and wooded acreage.
      21176 Sylvest Rd, Franklinton, LA 70438
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    Similar Nearby for Sale

    • $15,000,000
      1,500.00 Acres

      Louisiana Farm & Industrial Land

      1,500 Acres, Prime Development Opportunity
      37218 Chess Bankston Rd, Franklinton, LA 70438
      View Details
    • $1,995,000
      152.00 Acres

      152-Acre Louisiana Waterfront Land

      Prime Hunting, Recreational, & Development Land
      0 La-25, Franklinton, LA 70438
      View Details
    • $275,000
      40.45 Acres

      Franklinton Land with Hunting Potential

      40.45 acres in Franklinton, LA, ideal for hunting.
      29433 Roscoe Dillon Rd, Franklinton, LA 70438
      View Details
    • $260,000
      22.32 Acres

      22.32 Acre Vacant Land

      22.32 acre tract in Franklinton, LA with pond.
      Simmons Rd, Franklinton, LA 70438
      View Details
    • $399,000
      1,039 SF

      Franklinton Land with Barndominium

      18+ acres with barndominium, workshop, and RV storage.
      20259 Sylvest Rd, Franklinton, LA 70438
      View Details
    • Contact for pricing
      5,722 SF

      Luxury Estate on 65 Acres

      Private estate with pool, pond, and wooded acreage.
      21176 Sylvest Rd, Franklinton, LA 70438
      View Details
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    Franklinton, LA 70438
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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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