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    Property profile & analytics

    635 Main St Baton Rouge, LA 70801-1911

    • Investment properties
    • 4,202 SF
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2602300
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Joseph Furr Design Studio LLC / Landscape Architect / Landscape Designer
    • Dannie P. Garrett, III / Attorney
    • Tyrus Thomas Inc / Non-Profit Organization

    Property Details for 635 Main St

    Property size
    4,202 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    89125
    APU
    89125

    Description

    This exceptional executive office space at 635 Main Street in Baton Rouge, Louisiana, offers a fantastic opportunity for businesses seeking flexible and modern accommodations. Located in the LACDB - 50 submarket, this Class C building boasts a total of 2,406 square feet, with 1,852 square feet currently available for lease. The property is situated on a 0.06-acre lot and features a single-story building with multiple tenancy options. Spaces range from a minimum of 160 square feet to a maximum contiguous space of 1,500 square feet, providing flexibility for businesses of various sizes. The zoning is C5, allowing for a variety of commercial uses. The building's address is 635 Main St, Baton Rouge, LA 70802. This is an ideal location for businesses seeking a prominent address in a thriving area. The property is ready for immediate occupancy, providing a seamless transition for your business. Interested parties should inquire about available space and lease terms. Don't miss this chance to secure your ideal workspace in the heart of Baton Rouge. The property is conveniently located and offers easy access to major transportation routes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $406,000
      Market price range: $237k - $721k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.184
    Latitude
    30.4517
    CBSA code
    12940
    CBSA name
    BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,288
    $7,730
    $33,220
    $40,950
    -
    $77,300
    $221,467
    $298,767

    Comparable in this City

    • Value Estimation
      $365,000
      0.14 Acres

      342 Lafayette St

      STORE/OFFICE (MIXED USE) • 0.14 Acres
      342 Lafayette St, Baton Rouge, LA 70801-1208
      View Details
    • Value Estimation
      $765,000
      149,372 SF

      333 Laurel St

      STORE/OFFICE (MIXED USE) • 149,372 SF
      333 Laurel St, Baton Rouge, LA 70801-1807
      View Details
    • Value Estimation by Request

      121 Convention St

      STORE/OFFICE (MIXED USE)
      121 Convention St, Baton Rouge, LA 70801-1602
      View Details
    • Value Estimation
      $400,000
      18,600 SF

      224 Florida St

      STORE/OFFICE (MIXED USE) • 18,600 SF
      224 Florida St, Baton Rouge, LA 70801-1729
      View Details
    • Value Estimation
      $265,000
      4,400 SF

      132 3rd St

      STORE/OFFICE (MIXED USE) • 4,400 SF
      132 3rd St, Baton Rouge, LA 70801-1301
      View Details
    • Value Estimation
      $340,000
      12,125 SF

      640 Main St

      STORE/OFFICE (MIXED USE) • 12,125 SF
      640 Main St, Baton Rouge, LA 70801-1917
      View Details

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    Similar Nearby for Lease

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      Roumain Building: Prime Baton Rouge Office

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    Baton Rouge, LA 70801-1911
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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.

    More about this property
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