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5287 W Park Ave NK Houma, LA 70364

Commercial land Google Maps
319.62 ac lot
Entity Owned 2-yr Hold Free & Clear
Estimated value (blended)
$245k
Range $221k – $270k (±10%)
Property ID US36-0840827

Property summary

AI-generated overview

This exceptional 303-acre commercial land parcel presents a significant investment opportunity in Houma, Louisiana. Strategically located between Highway 90 and the city of Houma, this property boasts extensive frontage on West Park Avenue, offering unparalleled visibility and accessibility. The land is comprised of multiple sections, providing flexibility for diverse development plans. A key highlight is the prominent corner lot at the intersection of Coteau Road and Country Estate Drive, offering high-impact exposure. Another notable section is situated adjacent to Coteau-Bayou Blue Elementary School on Country Estate Drive, presenting unique development possibilities. The property's versatility allows for a range of commercial and/or residential projects. Prospective buyers are responsible for verifying all information and ensuring compliance with all applicable local planning and zoning regulations. The entire tract is subject to these regulations, and due diligence is strongly recommended before any purchase. This substantial land holding offers considerable growth potential for discerning investors and developers seeking a prime location in a thriving community. The asking price for this expansive property is $6,900,000. The square footage is not currently available.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 319.62 ac (13,922,647 SF)
APN 4942
UPID US36-0840827

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

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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More about this property
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