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    3324 Church St Zachary, LA 70791

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    3324 Church St Zachary, LA 70791

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    • Commercial land
    For Sale
    $1,200,000
    View Listing →
    Development Land in Zachary, LA For Sale
    $1,200,000

    Development Land in Zachary, LA

    7.08-acre parcel zoned CN for mixed-use development.

    3324 Church St, Zachary, LA 70791
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    Property ID
    US36-0260107
    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 3324 Church St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Salve Brochure: https://buildout.com/connect/sharing/prime-mixed-use-development-land-3324-church-st-zachary-sale?file=3482257 Now available for sale, this ±7.08-acre parcel at 3324 Church St offers a development opportunity in the thriving community of Zachary, LA. Zoned CN for Neighborhood Commercial, the land is ideal for mixed-use development. Located just up the road from Zachary High School and close to a variety of amenities, this acreage presents a major opportunity for developers looking to make a mark in a growing area.

    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
    Zachary
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.16895
    Latitude
    30.651487

    Comparable in this City

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      Commercial Land on Highway 964

      3.69 acres of commercial land with highway frontage.
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      22.08 Acres

      22 Acre Lot in Zachary

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      Commercial Land with Approved Plans

      Commercial land for sale with approved building plans included.
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      2.23 Acre Build-Ready Site

      Build-ready site on 2.23 acres, ideal for investors.
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      Commercial Land in Zachary, LA

      8.84 acres of commercial land for sale in Zachary.
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    Similar Nearby for Sale

    • $450,000

      2.9 Acre Commercial Land Parcel

      2.9 acre commercial land parcel in Zachary, Louisiana.
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    • $425,000

      Commercial Land on Highway 964

      3.69 acres of commercial land with highway frontage.
      16591 Old Scenic Hwy, Zachary, LA 70791
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      Vacant Land in Zachary Area

      Strategically positioned land ideal for retail, office, and warehousing.
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      Commercial Land with Road Frontage

      Commercial property with frontage on Plank Road and Redwood Lake Boulevard.
      20660 Plank Rd, Zachary, LA 70791
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      2.23 Acre Build-Ready Site

      Build-ready site on 2.23 acres, ideal for investors.
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    • $2,000,000

      Commercial Land in Zachary, LA

      8.84 acres of commercial land for sale in Zachary.
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    Similar Nearby for Lease

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      Retail Space Near Walmart

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      Class A Office Suite

      1,674 SF office suite in Copper Mill Office Park.
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      1,200 SF

      Retail Space Near Walmart

      Retail space available in Zachary, Louisiana, near Walmart Supercenter.
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    • $2,203 /Mo
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      Retail Space in High-Traffic Area

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      Medical Office Space in Zachary

      Medical office space for rent in established medical park.
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    Zachary, LA 70791
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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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