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    2668 Rome Dr Baton Rouge, LA 70814-2326

    • Investment properties
    • 4,000 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Jun 27, 2025
    $150
    Value Estimations
    $65,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0623837
    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

    • Southern Lotus Lion Dance Association / Non-Profit Organization
    • Coastal Gulf International / Business Related

    Property Details for 2668 Rome Dr

    Lot size
    1.00 lot acres
    Property size
    4,000 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    1104675
    APU
    1104675

    Description

    This 4,055 square foot industrial property in Baton Rouge, Louisiana, is ideally suited for manufacturing, distribution, flex, R&D, or warehouse operations. Located at 2668 Rome Dr, 70814, this single-tenant building offers a strategic location along the S Choctaw Industrial Corridor, approximately one mile from a major Amazon fulfillment center, ensuring convenient access to key transportation routes like Airline Highway and Florida Boulevard. The property's M-1 zoning provides flexibility for various business types. This central Baton Rouge location offers easy access to major thoroughfares, making it an attractive option for owner-operators or investors. Given the high demand and low inventory in the area, this opportunity is expected to be quickly absorbed by the market. Detailed floor plans and additional photos will be available soon. This is a fantastic chance to secure a well-positioned industrial space in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $65,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1004
    Latitude
    30.473
    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
    $2,194
    $2,730
    $15,690
    $18,420
    -
    $27,300
    $104,600
    $131,900

    Comparable in this City

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      $275,000
      3.00 Acres

      4230 Flannery Rd

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    • Value Estimation
      $245,000
      4,200 SF

      9146 Mammoth Ave

      STORE/OFFICE (MIXED USE) • 4,200 SF
      9146 Mammoth Ave, Baton Rouge, LA 70814-2627
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    • Value Estimation
      $330,000
      12,500 SF

      10471 Mammoth Ave

      STORE/OFFICE (MIXED USE) • 12,500 SF
      10471 Mammoth Ave, Baton Rouge, LA 70814-4426
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    • Value Estimation
      $270,000
      3,000 SF

      10165 Mammoth Ave

      STORE/OFFICE (MIXED USE) • 3,000 SF
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    • Value Estimation
      $585,000
      22,422 SF

      10757 Dual Dr

      STORE/OFFICE (MIXED USE) • 22,422 SF
      10757 Dual Dr, Baton Rouge, LA 70814-4904
      View Details
    • Value Estimation
      $265,000
      2,600 SF

      11047 Dual Dr

      STORE/OFFICE (MIXED USE) • 2,600 SF
      11047 Dual Dr, Baton Rouge, LA 70814-5310
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2.00 SF/Yr
      24,179 SF

      Prime Office/Warehouse Space Available

      Versatile Industrial Space for Lease
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      View Details
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      Modern warehouse suites, now leasing.
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    • $12 SF/Yr
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    • $6 SF/Yr
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      22,500 SF Industrial Buildings

      Two industrial buildings totaling 22,500 SF available for lease.
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    • $7 SF/Yr
      2,000 SF

      Manufacturing Space Near Amazon Center

      Industrial space in manufacturing hub with access to Amazon center.
      8450 Madrid Ave, Baton Rouge, LA 70814
      View Details
    • $19 SF/Yr
      13,824 SF

      Freestanding Retail with Drive-Thru

      Former CVS with drive-thru on a hard corner location.
      9006 Greenwell Springs Rd, Baton Rouge, LA 70814
      View Details
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    Baton Rouge, LA 70814-2326
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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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