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    Property profile & analytics

    505 Washington St Farmerville, LA 71241-2413

    • Office Properties & Spaces
    • 1,036 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US36-1922260
    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

    • Mill Creek Boutique / Clothing Store

    Property Details for 505 Washington St

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    1,036 SF
    Property type
    Office Properties & Spaces
    APN
    11070750
    APU
    11070750

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmerville
    County
    Union
    State
    Louisiana
    Longitude
    -92.4047
    Latitude
    32.7785
    CBSA code
    33740
    CBSA name
    MONROE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $939
    $1,488
    $8,999
    $10,487
    -
    $14,880
    $59,990
    $74,870

    Comparable in this City

    • Value Estimation by Request
      798 SF

      205 Byu St

      OFFICE (GENERAL) • 798 SF
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    • Value Estimation by Request
      910 SF

      792 Main St

      OFFICE (GENERAL) • 910 SF
      792 Main St, Farmerville, LA 71241
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    • Value Estimation
      $200,000
      2,771 SF

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      OFFICE (GENERAL) • 2,771 SF
      Farmerville, LA 71241
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    • Value Estimation
      $155,000
      2,000 SF

      202 Franklin St

      OFFICE (GENERAL) • 2,000 SF
      202 Franklin St, Farmerville, LA 71241-2910
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    • Value Estimation by Request
      6,714 SF

      310 Water St

      OFFICE (GENERAL) • 6,714 SF
      310 Water St, Farmerville, LA 71241-3032
      View Details
    • Value Estimation
      $190,000
      3,250 SF

      Farmerville, LA 71241

      OFFICE (GENERAL) • 3,250 SF
      Farmerville, LA 71241
      View Details

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    505 Washington St
    Farmerville, LA 71241-2413
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    Realmo Value Estimation

    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.

    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.

    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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