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

    3275 Millerville Rd Baton Rouge, LA 70816

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner lot suitable for retail redevelopment near Interstate 12.

    Type:Land
    Added:
    Jun 28, 2022
    Days on Market:
    1407
    Last Refresh:
    Mar 17 at 1:23 pm

    Property Features for 3275 Millerville Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Judah Vedros

    Listing agent Judah Vedros License #LA 995701739

    Listing office Kurz & Hebert

    Listing date Jun 28, 2022

    Source Crexi

    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 Kurz & Hebert

    Overview

    Retail Redevelopment Site Available

    This commercial land is located at the hard corner of Millerville Road and South Harrell's Ferry Road, situated approximately half a mile south of Interstate 12. The site is suitable for a retail redevelopment project. Two adjacent parcels to the north are separately listed and could be combined with this site, potentially creating a total area of over 6 acres. The sale of this site will be restricted against fuel, tobacco, and alcohol sales for offsite consumption.
    Property Profile Insight Report 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 Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0242261
    Latitude
    30.4303267

    Nearby Similar for Sale

    • $490,000
      4,480 SF

      Baton Rouge Commercial Corner Lot

      High-traffic corner lot ideal for retail or entertainment.
      2377 N Flannery Rd, Baton Rouge, LA 70814
      View Details
    • $375,000
      2,369 SF

      Renovated Office Building For Sale

      Fully renovated office building with high visibility and ample parking.
      7450 Antioch Rd, Baton Rouge, LA 70817
      View Details
    • $989,000

      Baton Rouge Retail Investment Opportunity

      14,256 sqft neighborhood center in high-traffic corridor for sale.
      1962 O'NEAL Lane, Baton Rouge, LA 70816
      View Details
    • $375,000

      Commercial Land on O'Neal Lane

      1.32 acres on a high-traffic commercial corridor.
      2914 Oneal Ln, Baton Rouge, LA 70816
      View Details
    • $475,000
      18,841 SF

      Baton Rouge Medical/Office Building

      Turnkey medical/office building near Amazon facility with renovation potential.
      5353 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $245,000
      4,318 SF

      Sharlo Subdivision Duplex Opportunity

      Two attached townhouses in desirable Sharlo Subdivision near LSU.
      1474-1476 Sharlo Ave, Baton Rouge, LA 70820
      View Details
    • $450,000
      4,800 SF

      Daycare Facility Near LSU

      Versatile commercial property, ideal for daycare or learning center.
      420 N Acadian Thwy, Baton Rouge, LA 70806
      View Details
    • $450,000
      4,512 SF

      Renovated Quadruplex in Baton Rouge

      Baton Rouge quadruplex, renovated in 2025, ideal for investors.
      3515 Yorkfield Dr, Baton Rouge, LA 70816
      View Details
    • $299,899
      1,800 SF

      Leased Commercial Property, Baton Rouge

      Fully leased commercial property with immediate cash flow in Baton Rouge.
      7095-7097 Winbourne Ave, Baton Rouge, LA 70805
      View Details
    • $255,000
      3,750 SF

      Multifamily Investment Opportunity Near University

      Eight-unit multifamily property near Southern University with value-add potential.
      1310 Oriole St, Baton Rouge, LA 70807
      View Details
    • $570,000
      12,589 SF

      Baton Rouge Warehouse Mechanic Shop

      12,589 sqft warehouse on 0.29 acres in Baton Rouge.
      5643 Greenwell Springs Road, Baton Rouge, LA 70806
      View Details
    • $120,000
      1,100 SF

      Retail/Service Suite Near Aveda Institute

      1,100 sq ft retail/service suite in high-traffic location.
      2834 S Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot suitable for retail redevelopment near Interstate 12.
    Where is this commercial land located?
    The property is located at 3275 Millerville Rd Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $1,427,022.
    What are key features of this property?
    This property features: Prime location at the hard corner of Millerville and S Harrell's Ferry.; Redevelopment potential for retail use.; Proximity to Interstate 12 (half a mile south).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Judah Vedros
    Real Estate License ID: LA 995701739
    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
    3275 Millerville Rd, Baton Rouge, LA 70816
    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!