Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    High Traffic Corner Lot Title is generated by Realmo AI

    10554 Hooper Road, Central, LA 70818

    View on Map
    Claim this Listing
    For Sale
    $459,000

    Corner lot with high traffic, adjacent to community college.

    Type:Land
    Added:
    Sep 2, 2024
    Days on Market:
    639
    Last Refresh:
    Mar 13 at 5:43 pm

    Property Features for 10554 Hooper Road

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Miguel A Castro
    Miguel A Castro

    Listing agent Miguel A Castro License #995703492

    Listing office Castro Real Estate Services, LLC

    Listing date Sep 2, 2024

    Source Compass

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

    All listing content including descriptions, pricing, images are the copyrighted material of Castro Real Estate Services, LLC

    HighLights

    • Highly trafficked intersection offers excellent visibility.
    • SE corner location.
    • Adjacent to Baton Rouge Community College.
    • High potential for any business.
    • EQ Other Equipment: None
    • BU Other Buildings: None

    Overview

    Located at a highly trafficked intersection in Central, this corner lot is situated on the southeast corner adjacent to Baton Rouge Community College. The property offers potential for various business ventures due to its high-visibility location.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Central
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0681042
    Latitude
    30.5401195

    Nearby Similar for Sale

    • $114,900

      Vacant Land Ready to Build

      1.92 acres of cleared land ready for development.
      12025 Blackwater Rd, Central, LA 70714
      View Details
    • $650,000

      Versatile Industrial Site in Central

      Functional industrial site with expansion potential in Central, Louisiana.
      17877 Greenwell Springs Road, Central, LA 70739
      View Details
    • $78,900

      Acre of Land in Central

      One acre lot with utilities and damaged trailer.
      14747 W Beaver Dr, Central, LA 70770
      View Details
    • $650,000
      11,000 SF

      Versatile Industrial Site in Central

      Functional industrial site with expansion potential in Central, Louisiana.
      17877 Greenwell Springs Rd, Central, LA 70739
      View Details
    • $1,161,000

      Central Land Tract For Sale

      Approximately 27-acre tract of land suitable for development.
      11116 Sullivan Rd, Central, LA 70818
      View Details
    • $450,000

      Land Near LA Highways

      Land with strong demographics and high traffic volume.
      14500 -17100 Greenwell Springs Rd, Central, LA
      View Details
    • $675,000
      6,750 SF

      Freestanding Building on Greenwell Springs

      6,000 SF freestanding building with showroom and office space.
      15151 Greenwell Springs Rd, Central, LA 70739
      View Details
    • $13

      Retail Strip Center For Sale

      Renovated strip center in Central, Louisiana, near major development.
      6647 Sullivan Road | Central, LA 70739, LA 70739
      View Details
    • $1,161,000

      27 Acres in Central, LA

      27 acre tract of land, prime for development.
      11116 Sullivan Rd, Central, LA 70818
      View Details
    • Contact for pricing

      Land

      5595 Central Throughway, Central, LA 70739
      View Details
    • $450,000
      2,538 SF

      516 Acre Signalized Corner Lot

      516 acre corner lot with 2,538 SF building.
      17122 Greenwell Springs Rd, Central, LA 70739
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      14841 Greenwell Springs Rd, Central, LA 70739
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with high traffic, adjacent to community college.
    Where is this commercial land located?
    The property is located at 10554 Hooper Road Central, LA.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: Highly trafficked intersection offers excellent visibility.; SE corner location.; Adjacent to Baton Rouge Community College.
    (225) 936-7643
    We can help!
    Listing Contact
    Miguel A Castro
    Miguel A Castro
    Real Estate License ID: 995703492
    Learn More
    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.
    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
    10554 Hooper Road, Central, LA 70818
    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!