Technical
Financial
Distress signals
Property profile

37044 Perkins Rd Prairieville, LA 70769

FOR LEASE
Commercial land
Property ID
US36-1740109
1 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 0.96-acre commercial land parcel in Prairieville, Louisiana, presents a compelling investment opportunity. Located at 37044 Perkins Road, the property boasts approximately 300 feet of frontage, ensuring high visibility and accessibility. The site is zoned MU2, offering a range of development possibilities. Its strategic location along Perkins Road, with easy access to Airline Highway and Highland Road, places it within a thriving area experiencing significant growth. The property benefits from all utilities already on-site, simplifying development plans. With a 2022 traffic count of 15,000 vehicles per day, this location guarantees substantial exposure for any future development. The asking price is $400,000, translating to a land value of $9.56 per square foot. The property's APN is 20033681. Surrounded by established single-family residential communities, this site is ideally positioned to capitalize on the area's continued expansion and strong demand. This is a rare opportunity to acquire a prime commercial lot in a rapidly developing market. Don't miss this chance to secure a piece of Prairieville's vibrant future.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1 ac (43,560 SF)
APN 20033681
UPID US36-1740109

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

37044 Perkins Rd Prairieville, LA 70769
Prairieville metro Census 30207 BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2024
Last sale
$300,000
1 recorded transaction
2024
$300,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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