Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    649 Madison Ave Bastrop, LA 71220

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Renovated Office, Great Location, 650 SF

    Property size:
    650 SF

    Property Features for 649 Madison Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    650 SF

    We can help!

    Listing Contact
    Jennifer Causey
    Jennifer Causey

    Listing Agency: John Rea Realty Listing Agent: Jennifer Causey

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

    Learn more

    Overview

    This exceptional 650-square-foot commercial office space is available for lease in the vibrant Magnolia Plaza in Bastrop, Louisiana. Recently and completely renovated, this unit boasts energy-efficient features, making it both comfortable and cost-effective. All utilities—cable, electric, and gas—are available and metered separately for precise cost control. The lease rate even includes common area maintenance, simplifying budgeting. Security is a priority, with over 100 parking spaces available in a secure lot serving both the storefronts and the plaza. This prime location benefits from strong co-tenancy, including established businesses such as Cost Plus Furniture, Climate Control Storage, From The Heart Designs, Raw Kutz International Barber & Beauty Shop, Jiffy Tax, Spin Spa Laundry, and Cover 2 Wings & Grill, ensuring high foot traffic and visibility. The property is ideally suited for a new business seeking a move-in ready space or an existing business looking to upgrade or relocate. Its convenient location and attractive lease terms make this an exceptional opportunity. Inquire today to learn more and schedule a viewing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carter Agency Insurance Agency

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    MOREHOUSE
    State
    Louisiana
    Longitude
    -91.90641
    Latitude
    32.77931

    Nearby Similar for Sale

    • $300,000
      6,588 SF

      Bastrop Commercial Corner Restaurant Space

      High-visibility corner lot with former restaurant space for sale.
      1801 E Madison Ave, Bastrop, LA 71220
      View Details
    • $95,000
      4,640 SF

      Historic Bastrop Storefront Opportunity

      4,640 SF retail space in Bastrop's Historic Courthouse Square.
      114-116 S Washington St, Bastrop, LA 71220
      View Details
    • $750,000
      3,759 SF

      Prime Bastrop Restaurant Opportunity

      Turnkey Restaurant, High Traffic Area
      2057 Madison Ave, Bastrop, LA 71220
      View Details
    • $115,000
      4,640 SF

      Bastrop Commercial Property

      Historic Downtown Retail/Office
      114 Washington St, Bastrop, LA 71220
      View Details
    • $95,000

      Historic Storefront in Courthouse Square

      4,640 SF storefront in Bastrop's Historic Courthouse Square.
      114 S Washington St, Bastrop, LA 71220
      View Details
    • $750,000
      3,759 SF

      Taco Bandido Restaurant - Bastrop, LA

      Prime Restaurant Space, Fully Equipped, High Traffic
      2057 Madison Ave, Bastrop, LA 71220
      View Details
    • $90,000
      1,882 SF

      Bastrop Office Building - Great Potential

      Spacious office building, large lot, ideal location.
      917 Lynwood Ave, Bastrop, LA 71220
      View Details
    • $275,000
      3,178 SF

      Bastrop Office Building - Great Location

      Prime Office Space, Ample Parking, 3178 sq ft
      618 Washington St, Bastrop, LA 71220
      View Details
    • $140,000
      3,182 SF

      Prime Bastrop Commercial Lot

      High-traffic corner lot near Walmart.
      6129 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • $199,999
      4,218 SF

      Bastrop Retail Space - Prime Location

      High-traffic retail space, ample parking.
      1802 Madison Ave, Bastrop, LA 71220
      View Details
    • $49,000
      1,218 SF

      Bastrop Mixed-Use Corner Lot

      High-traffic corner lot, great potential!
      204 Madison Ave, Bastrop, LA 71220
      View Details
    • $285,000

      Bastrop Office Warehouse Opportunity

      High-potential multi-use building near airport.
      9290 Marlatt St, Bastrop, LA 71220
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Renovated Office, Great Location, 650 SF
    Where is this office property / space located?
    The property is located at 649 Madison Ave Bastrop, LA.
    What is the asking price?
    The asking price for this property is $500.
    (318) 261-0892
    Request Owner's contact information
    649 Madison Ave Bastrop, LA 71220
    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.
    649 Madison Ave
    Bastrop, LA 71220
    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
    649 Madison Ave Bastrop, LA 71220
    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

    We can help!
    Listing Contact
    Jennifer Causey
    Jennifer Causey
    Real Estate License ID: LA995693195
    (318) 261-0892 (318) 388-0941
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!