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    14690 Greenwell Springs Rd Central, LA 70739
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    14690 Greenwell Springs Rd Central, LA 70739

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    • Land
    • 0.88 lot acres
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 14690 Greenwell Springs Rd

    Lot size
    0.88 lot acres
    Property type
    Land

    Description

    This 0.88-acre commercial lot in Baton Rouge, Louisiana, is ideally situated on the hard corner of Greenwell Springs Road and the Central Throughway in East Baton Rouge County, zip code 70739. Boasting approximately 388 feet of frontage, this prime parcel benefits from high visibility and significant daily traffic volume, estimated at approximately 30,000 vehicles. The property's location within a thriving retail corridor offers exceptional accessibility and exposure. Nearby established businesses include Murphy Express, Sonic, Waffle House, Oak Point Fresh Market, Pizza Hut, Burger King, Snap Fitness, and Walgreens, indicating a strong commercial presence and high consumer traffic. The lot is currently improved with a single-family residence, a mobile home, and a shed. The permitted zoning is Rural. The asking price is $650,000, translating to approximately $16.96 per acre. This presents a unique opportunity for developers and investors seeking a high-traffic location with significant development potential in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Central
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0263
    Latitude
    30.5142

    Comparable in this City

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      1.36 Acres

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      1.00 Acre

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      Land • 1.00 Acre
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    Similar Nearby for Sale

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      Land For Sale

      Land available for sale.
      9797 Greenwell Springs Rd, Baton Rouge, LA 70739
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      Land For Sale

      Land available for purchase.
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      Undeveloped Land Near Residential Area

      Raw land suitable for recreation, hunting, or large-scale development.
      Hubbs Rd, Greenwell Springs, LA 70739
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      Land For Sale

      Land available for purchase.
      22755 Greenwell Springs Rd, Central, LA 70739
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    • $90,000
      4.74 Acres

      4.74 Acres in Greenwell Springs

      Unrestricted 4.74-acre property with utilities in Flood Zone X.
      V-4 Jim Price Rd, Greenwell Springs, LA 70739
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      Land For Sale

      Land available for sale.
      14841 Greenwell Springs Rd, Central, LA 70739
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    Similar Nearby for Lease

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      Central LA Strip Center

      Renovated strip center in Central, LA with high visibility.
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      New Retail/Office Space Available

      New construction retail/office space with build-to-suit options and drive-thru.
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      Retail Space in River Crossing

      Retail space available in established River Crossing shopping center.
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      River Crossing Shopping Center

      Central LA Retail Space - 12,624 SF Available
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      Freestanding Building on Greenwell Springs Road

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      2,524 SF

      Magnolia Bridge Retail Space Available

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    Central, LA 70739
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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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