Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 33, LA
    Back to Search
    Property profile & analytics

    Highway, 33, LA

    View on Map
    • Commercial real estate
    • 1,200 SF
    Off-Market
    Last Sale May 29, 2025
    $975,000
    Property ID
    US36-2105354
    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
    $975,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Highway

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property type
    Commercial real estate
    APN
    90048000
    APU
    90048000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 30, 2006 $20,000 Ronnie L Braswell J K A Investments LLC Cash Sale Deed —

    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
    33
    County
    Union
    State
    Louisiana
    Longitude
    -92.432
    Latitude
    32.7389
    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
    $431
    $739
    $4,457
    $5,196
    -
    $7,385
    $29,710
    $37,095

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      Highway

      COMMERCIAL (GENERAL)
      Highway, 153, LA
      View Details
    • Value Estimation by Request
      1.00 Acre

      7873 Highway

      COMMERCIAL (GENERAL)
      7873 Highway, 154, LA
      View Details
    • Value Estimation by Request
      1.00 Acre

      Highway

      COMMERCIAL (GENERAL)
      Highway, 155, LA
      View Details
    • Value Estimation by Request

      Old Highway

      COMMERCIAL (GENERAL)
      Old Highway, 171, LA
      View Details
    • Value Estimation by Request
      2.00 Acres

      1491 Highway

      COMMERCIAL (GENERAL)
      1491 Highway, 190, LA
      View Details
    • Value Estimation by Request
      0.35 Acres

      Highway

      COMMERCIAL (GENERAL)
      Highway, 190, LA
      View Details

    Similar Nearby for Sale

    • $140,000
      12.00 Acres

      Acadia Parish Land For Sale

      12 acre land in Acadia Parish, partially outside flood zones.
      Saint Joan, LA
      View Details
    • Contact for pricing
      94,634 SF

      Office Building on St Charles

      94,634 SF office building for sale.
      327 St Charles Ave, New Orleans, LA
      View Details
    • $2,575,000

      Louisiana Affordable Housing Portfolio

      Portfolio of 89 units in Thibodaux, Hammond, and Bogalusa, Louisiana.
      Address Not Disclosed, Thibodaux, LA
      View Details
    • $134,900
      16.00 Acres

      Secluded Acreage in Ragley, Louisiana

      16 acres of unimproved land perfect for building or recreation.
      Tbd Andrew Mouhot, Ragley, LA
      View Details
    • $275,000

      Vacant Lot For Sale

      Vacant 1.17 acre lot with 200' frontage.
      Address Tbd, Eunice, LA
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,717 SF

      Retail Space in Laplace, LA

      Retail space available for lease in Laplace, Louisiana.
      4292 Us-51, Laplace, LA
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in New Orleans

      Retail space available for lease in New Orleans, LA.
      636-638 St, New Orleans, LA
      View Details
    • Contact for pricing
      1,875 SF

      Versatile Flex Space Available

      Air-conditioned flex space with 18-wheeler access in Hammond.
      3-19153 Hipark Blvd, Hammond, LA
      View Details
    • Contact for pricing
      1,134 SF

      Loft-Style Office Suite for Lease

      Open-concept commercial/office space with modern, urban aesthetic in Lafayette.
      101-209 Highland Oaks Ln, Lafayette, LA
      View Details
    • Contact for pricing
      1,642 SF

      Retail Space on St Charles

      Retail space available for lease on St Charles Avenue.
      747 St Charles Ave, New Orleans, LA
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease at Williams Blvd and Vintage Dr.
      Williams Blvd And Vintage Dr, Kenner, LA
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Highway
    33, LA
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Highway, 33, LA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!