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    Property profile & analytics

    531 Railroad Ave Independence, LA 70443

    • Commercial real estate
    • 5,800 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 20, 2020
    Location Intelligence
    Property ID
    US36-1049306
    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

    • Commercial real estate

    Property Details for 531 Railroad Ave

    Year built
    1982
    Lot size
    0.13 lot acres
    Property size
    5,800 SF
    Property type
    Commercial real estate
    APN
    897701
    APU
    897701

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.5011
    Latitude
    30.6353
    CBSA code
    25220
    CBSA name
    HAMMOND, LA MICROPOLITAN 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
    $0.00
    $2,500
    $6,055
    $8,555
    -
    $25,000
    $40,368
    $65,368

    Comparable in this City

    • Value Estimation by Request
      8,800 SF

      228 7th St

      COMMERCIAL (GENERAL) • 8,800 SF
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    • Value Estimation by Request
      9,600 SF

      52231 Hwy 51st S

      COMMERCIAL (GENERAL) • 9,600 SF
      52231 Hwy 51st S, Independence, LA 70443-2227
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    • Value Estimation by Request
      2,230 SF

      638 Railroad Ave

      COMMERCIAL (GENERAL) • 2,230 SF
      638 Railroad Ave, Independence, LA 70443-4258
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    • Value Estimation by Request
      6,612 SF

      583 Railroad Ave

      COMMERCIAL (GENERAL) • 6,612 SF
      583 Railroad Ave, Independence, LA 70443-2761
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    • Value Estimation by Request
      8,000 SF

      336 Railroad Ave

      COMMERCIAL (GENERAL) • 8,000 SF
      336 Railroad Ave, Independence, LA 70443-2710
      View Details
    • Value Estimation by Request
      2,773 SF

      209 Railroad Ave

      COMMERCIAL (GENERAL) • 2,773 SF
      209 Railroad Ave, Independence, LA 70443
      View Details

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    Similar Nearby for Lease

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    531 Railroad Ave
    Independence, LA 70443
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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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