2949 Hwy 121Otis, LA 71466

  • Office properties
  • 2,719 SF
Off market
$40,075,200 Estimated

Property Details for 2949 Hwy 121

Year built
2012
Lot size
4.00 AC
Property size (Sq ft)
2,719 SF
Property type
Office properties
Property subtype
Other office properties
APN
39-025-83167-0031
APU
39025831670031

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $373,142
    6.5%
    $344,438
    7%
    $319,836
  • Comparable approach

    Method
    Valuation
    Relative Method
    $513,564
    Geo Method
    $814,041
  • Alternative Use

    Use
    Valuation
    Residential
    $427,104
    Hospitality
    $391,225
    Educational
    $325,494
    Medical
    $336,689
    Retail
    $506,324
2949 Hwy 121, Otis, Louisiana

Location Insight

City
Otis
County
Rapides
State
Louisiana
Latitude
31.2146
Longitude
-92.7293
CBSA code
10780
CBSA name
ALEXANDRIA, 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
$484
$2,200
$1,750
$3,950
-
$22,000
$15,000
$37,000

FAQs

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