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    32433 Pearlie Causey Rd Franklinton, LA 70438
    Property profile & analytics

    32433 Pearlie Causey Rd Franklinton, LA 70438

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    • Commercial real estate
    • 23.48 lot acres
    Off-Market
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    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 estimation — 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

    • $490,000
      3,161 SF

      Farmhouse on 7.98 Acres

      Farmhouse with in-ground pool on nearly 8 acres.
      52155 Highway 10, Franklinton, LA 70438
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    • New
      $775,000
      Pending

      Franklinton Farm with Custom Home

      33-acre farm featuring a custom home and multiple outbuildings.
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    • $128,000
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      Pastureland in Franklinton, Louisiana

      16.9 acres of surveyed pastureland with power access.
      Joby Magee Rd, Franklinton, LA 70438
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      Riverfront Recreational Land For Sale

      3,168 feet of river frontage, ideal for recreation.
      La-25, Franklinton, LA 70438
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      1.29 Acres

      Residential Land in KaBeau Creek

      Land for custom home in new Franklinton subdivision.
      Joelu Dr, Franklinton, LA 70438
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    • $55,000
      1.12 Acres

      Waterfront Land in Gated Community

      Cleared homesite in a private waterfront community near Covington.
      Shore Dr, Franklinton, LA 70438
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    Similar Nearby for Sale

    • $490,000
      3,161 SF

      Farmhouse on 7.98 Acres

      Farmhouse with in-ground pool on nearly 8 acres.
      52155 Highway 10, Franklinton, LA 70438
      View Details
    • New
      $775,000
      Pending

      Franklinton Farm with Custom Home

      33-acre farm featuring a custom home and multiple outbuildings.
      29279 Highway 1070, Franklinton, LA 70438
      View Details
    • $128,000
      16.90 Acres

      Pastureland in Franklinton, Louisiana

      16.9 acres of surveyed pastureland with power access.
      Joby Magee Rd, Franklinton, LA 70438
      View Details
    • Contact for pricing

      Riverfront Recreational Land For Sale

      3,168 feet of river frontage, ideal for recreation.
      La-25, Franklinton, LA 70438
      View Details
    • Contact for pricing
      1.29 Acres

      Residential Land in KaBeau Creek

      Land for custom home in new Franklinton subdivision.
      Joelu Dr, Franklinton, LA 70438
      View Details
    • $55,000
      1.12 Acres

      Waterfront Land in Gated Community

      Cleared homesite in a private waterfront community near Covington.
      Shore Dr, Franklinton, LA 70438
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Community Center

      Retail spaces available in a busy, established community center.
      1910-1926 Washington St. / Hwy 10, Franklinton, LA 70438
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    • $1,750 /Mo
      1,750 SF

      Retail Space in Franklinton

      Retail space available for rent in Franklinton, Louisiana.
      1725 Washington St, 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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