Sign Up Successful!
You now have access to more from Realmo!
    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

    4735 Government St, Unit ##216 Baton Rouge, LA 70806

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $82,500

    Charming 1 bed, 1 bath condo in vibrant Mid-Town.

    Property Features for 4735 Government St

    General Information

    Exterior features
    1, : "Pool", "2": "Shingle"
    Interior features
    1, : "Central", "2": "Ceiling Fan(s)", "3": "Central Air", "4": "Electric Cooktop", "5": "Dishwasher", "6": "Microwave", "7": "Stainless Steel Appliance(s)"

    Building Details

    Year built
    1968

    We can help!

    Listing Contact
    Michelle Knobloch
    Source: Kw

    Listing Agent: Michelle Knobloch

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

    Learn more

    Property Insight Report

    Overview

    Condo in Prime Mid-Town Location

    This condo in Vieux Carre Condominiums offers a prime location in the heart of Mid-Town, surrounded by restaurants, bars, shopping, and entertainment. It features 1 bedroom and 1 bathroom, with a spacious living room. The kitchen is equipped with stainless steel appliances. Additional features include recessed lighting, crown molding, updated fixtures, and laminate wood flooring throughout, with ceramic tile in the wet areas. Community amenities include a pool, laundry facilities, and secure electric gate access. Monthly HOA dues of $275 cover water, sewer, trash, property maintenance, grounds keeping, community pool, and building insurance. This condo is suitable for low maintenance living and investment rental opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1410058
    Latitude
    30.4455404

    Nearby Similar for Sale

    • $989,000
      1.16 Acres

      Baton Rouge Retail Investment Opportunity

      14,256 sqft neighborhood center in high-traffic corridor for sale.
      1962 O'neal Ln, Baton Rouge, LA 70816
      View Details
    • $595,000
      3,107 SF

      Updated Historical Property with Parking

      Commercial property with private entrance, parking, and unfinished basement.
      2340 Government St, Baton Rouge, LA 70806
      View Details
    • $300,000
      4,320 SF

      Baton Rouge Quadruplex Investment

      Four-unit property near Brightside Lane, great investment opportunity.
      5257 Brightside View Dr, Baton Rouge, LA 70820
      View Details
    • $159,000
      1,492 SF

      Multi-Unit Near LSU Campus

      Multi-unit property near LSU, ideal for investors or owner-occupants.
      1241 W Chimes St, Baton Rouge, LA 70802
      View Details
    • $235,000
      2,296 SF

      Renovated Duplex: Investment Opportunity

      Updated duplex with strong rental potential near schools and amenities.
      12320-12322 Warfield Ave, Baton Rouge, LA 70815
      View Details
    • $299,000
      2,000 SF

      Baton Rouge Daycare Opportunity

      Prime, centrally located daycare property with fenced yard and parking.
      14744 Tiger Bend Rd, Baton Rouge, LA 70817
      View Details
    • $320,000
      Pending

      Updated Four-Unit Apartment Complex

      Fully updated four-unit apartment complex with immediate income.
      1706 Boulevard De Province, Baton Rouge, LA 70816
      View Details
    • $1,100,000
      0.40 Acres

      Baton Rouge Commercial Property For Sale

      High-volume convenience store with development potential in Baton Rouge, LA.
      2400 Highland Rd, Baton Rouge, LA 70802
      View Details
    • New
      $99,000
      Pending

      Baton Rouge Duplex Investment Opportunity

      Duplex in Baton Rouge, LA, near Southern University.
      1285-87 Stilt St, Baton Rouge, LA 70807
      View Details
    • $375,000
      2,905 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
    • Contact for pricing
      2,000 SF

      Prime Commercial Property in Saint George

      Centrally located commercial property with office spaces, parking, and fenced yard.
      14744 Tiger Bend Rd, Baton Rouge, LA 70817
      View Details
    • $135,000
      1,375 SF

      Baton Rouge Commercial Opportunity

      Versatile commercial property in central Baton Rouge, ideal for investors.
      5121 Evangeline St, Baton Rouge, LA 70805
      View Details

    FAQs

    What type of property is this?
    Apartment building - Charming 1 bed, 1 bath condo in vibrant Mid-Town.
    Where is this apartment building located?
    The property is located at 4735 Government St, Unit ##216 Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $82,500.
    What are key features of this property?
    This property features: - Prime mid-town location: Surrounded by restaurants, bars, shopping, and entertainment.; - Enjoy low-maintenance living: HOA covers water, sewer, trash, property maintenance, grounds keeping, community pool, and building insurance.; - Community pool and laundry facilities.
    Request Owner's contact information
    4735 Government St, Unit ##216 Baton Rouge, LA 70806
    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.
    4735 Government St, Unit ##216
    Baton Rouge, LA 70806
    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
    4735 Government St, Unit ##216 Baton Rouge, LA 70806
    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
    Michelle Knobloch
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.