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    Office Park Pad Site Title is generated by Realmo AI

    Lot 178 Sugar Plantation Pkwy, Addis, LA 70710

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    For Sale
    $190,056

    Front-of-development office pad within an active office park setting near established local businesses.

    Type:Land
    Lot size:
    10.55 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:17 am

    Property Features for Lot 178 Sugar Plantation Pkwy

    General Information

    Standard status
    Active
    Lot size
    10.55 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Peter Laville
    Peter Laville

    Listing agent Peter Laville

    Listing office Elifin Realty

    Listing date Jun 2, 2026

    Source Elifinrealty

    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 Elifin Realty

    HighLights

    • Lot 178 on Sugar Plantation Parkway in Addis
    • 1.55‑acre office pad site at the forefront of the Sugar Mill Plantation development
    • Street designated for office park development, with 1 completed office and 1000+ homes/units planned and still growing
    • Close to local businesses including YMCA and Benedetto's

    Overview

    Lot 178 on Sugar Plantation Parkway in Addis is a prime office pad site offered for sale at the forefront of the Sugar Mill Plantation development. The site is identified as an office park development street, supporting an office-oriented environment within the broader community.

    This location places the property at the front of the Sugar Mill Plantation development, where an office is already completed and the area continues to grow. The listing also notes convenient proximity to nearby businesses, including YMCA and Benedetto's, which may support tenant and customer access for professional and office uses.

    Designed for office park development, this pad site may appeal to buyers looking to anchor an office-oriented project in a developing, community-adjacent setting. With the street positioning at the front of the subdivision and an existing office presence, the property offers a practical opportunity for an operator or developer to establish or expand an office footprint in Addis.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Addis
    County
    West Baton Rouge
    State
    Louisiana
    Longitude
    -91.2553
    Latitude
    30.341

    Nearby Similar for Sale

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    • $190,056

      Addis Office Pad Site

      Prime 0.55-acre office pad site in growing subdivision.
      Sugar Plantation Pkwy, Addis, LA 70710
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    • $679,000

      Addis Commercial Lot For Sale

      One-acre commercial lot with 143 feet of frontage.
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      Mississippi Riverfront Land in Addis

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    • $79,500

      23,295 SF Lot For Sale

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    FAQs

    What type of property is this?
    Commercial land - Front-of-development office pad within an active office park setting near established local businesses.
    Where is this commercial land located?
    The property is located at Lot 178 Sugar Plantation Pkwy Addis, LA.
    What is the asking price?
    The asking price for this property is $190,056.
    What are key features of this property?
    This property features: Lot 178 on Sugar Plantation Parkway in Addis; 1.55‑acre office pad site at the forefront of the Sugar Mill Plantation development; Street designated for office park development, with 1 completed office and 1000+ homes/units planned and still growing
    (225) 276-7561
    We can help!
    Listing Contact
    Peter Laville
    Peter Laville
    Learn More
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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.

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