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    10111 Gwenadele Ave Baton Rouge, LA 70816

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    For Sale
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    Family entertainment property with go-kart track, batting cages, and putt-putt.

    Property size:
    14,000 SF
    Lot size:
    6.00 Acres

    Property Features for 10111 Gwenadele Ave

    General Information

    Standard status
    Active
    Zoning
    C-AB-1 Commercial Alcoholic Beverage
    Size
    14,000 SF
    Lot size
    6.00 Acres

    We can help!

    Listing Contact
    Joseph Chichester
    Source: Crexi

    Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Joseph Chichester

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Entertainment Investment Property For Sale

    This family entertainment investment property is located in Baton Rouge, Louisiana, and features 14,000 square feet of rentable building area on 6.05 acres of land. The site includes a putt-putt course, batting cages, and a go-kart track. The property is zoned C-AB-1, offering a variety of permitted uses. Situated near the intersection of Interstate 12 and US Highway 61, the location benefits from high traffic volume, with an average of over 208,000 vehicles passing by daily. US Highway 61 is a major retail thoroughfare serving Baton Rouge. The property is near Hammond Aire Plaza, which includes tenants such as Burlington, Albertsons, Marshalls, Foot Locker, Crunch Fitness, and Taco Bell. It is also less than 2 miles from a center anchored by The Home Depot, with tenants like Dollar Tree, Take 5 Car Wash, and Mavis Tires & Brakes. Additionally, the property is less than 5 miles from the Mall of Louisiana, a 723,000+ SF mall featuring Macy’s, Dillard’s, JCPenney, Sephora, and Main Event. The surrounding area features a Walmart Supercenter, The Home Depot, and Costco. The 5-mile trade area has a population of over 198,777 residents and 186,015 employees, with an average household income of $94,487, making it an ideal investment for an entertainment owner-user.
    Location Intelligence

    Current Use by Public Records

    Celebration Station Tour Operator

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Family Dollar, The Rogue Games, Celebration Station, All Star Lanes, School Aids

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.075558
    Latitude
    30.426202

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    FAQs

    What type of property is this?
    Sports & entertainment property - Family entertainment property with go-kart track, batting cages, and putt-putt.
    Where is this sports & entertainment property located?
    The property is located at 10111 Gwenadele Ave Baton Rouge, LA.
    What are key features of this property?
    This property features: - High Traffic Location: Over 208,000 vehicles pass by daily near Interstate 12 and US Highway 61.; - Sizeable Land Area: Features 6.05 acres, providing ample space.; - Existing Entertainment Amenities: Equipped with a putt putt course, batting cages, and a go-kart track.
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    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
    10111 Gwenadele Ave Baton Rouge, LA 70816
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    Listing Contact
    Joseph Chichester
    Real Estate License ID: 01915138
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