Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Nicholson Dr Baton Rouge, LA 70810
    Property profile & analytics

    Nicholson Dr, Baton Rouge, LA 70810

    View on Map
    • Retail properties & Spaces
    • 1 SF
    For Lease
    View Listing →
    Lexington Estates Commercial Land For Lease
    Contact for pricing

    Lexington Estates Commercial Land

    Baton Rouge commercial land, flexible zoning.

    0 Nicholson Dr, Baton Rouge, LA 70810
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Nicholson Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Lexington Estates offers a unique opportunity to acquire prime commercial land in Baton Rouge, Louisiana. This exceptional property, located on Nicholson Dr, zip code 70810, encompasses a sizable area ranging from 1 to 23 acres. The property is zoned PUD (Planned Unit Development), providing significant flexibility for a variety of commercial uses. This versatility allows for the development of retail spaces, office buildings, multifamily dwellings, or outparcels, catering to a wide range of business needs and investment strategies. The single-tenant occupancy presents a streamlined approach to development and management. The entire property is currently vacant, presenting a blank canvas for a new commercial venture. Situated in the desirable Lexington Estates neighborhood in East Baton Rouge Parish, this location offers excellent accessibility and visibility. The property's substantial size and flexible zoning make it an ideal investment for developers seeking a large-scale project or businesses looking to establish a significant presence in the Baton Rouge market. Detailed information regarding the specific acreage available and potential development options can be obtained through the appropriate channels. This is a rare opportunity to acquire a substantial commercial property in a thriving Louisiana market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1346
    Latitude
    30.3339

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Nicholson Dr

      Multifamily properties
      0 Nicholson Dr, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      1.00 Acre

      Bluebonnet Rd

      Land
      0 Bluebonnet Rd, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      9,200 SF

      9440 Perkins Rd

      Restaurants
      9440 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      56,538 SF

      5703 Essen Ln

      Individual retail properties
      5703 Essen Ln, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      3,140 SF

      5733 Essen Ln

      Lifestyle centers
      5733 Essen Ln, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request

      Summer Breeze Dr

      Multifamily properties
      0 Summer Breeze Dr, Baton Rouge, LA 70810
      View Details

    Similar Nearby for Sale

    • $1,990,000
      2.20 Acres

      Prime Commercial Land, Baton Rouge

      2.2-acre lot, high-traffic location.
      0 Siegen Ln, Baton Rouge, LA 70810
      View Details
    • $649,000

      Land on Highland Road Corner

      Corner lot available on Highland Road and Woodleigh Drive.
      14521 Highland Rd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      17240 Perkins Rd, Baton Rouge, LA 70810

      Land
      17240 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing
      1 SF

      Land For Sale

      Land available for sale.
      Bluebonnet Rd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing
      3,005 SF

      Renovated Office in Park-Like Setting

      Recently renovated office building for sale in a serene setting.
      10621 N Oak Hills Pkwy, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      Office Suite with Siegen Lane Frontage

      Office suite with direct Siegen Lane frontage and flexibility to divide into two suites for varied occupancy needs.
      9063 Siegen Ln, Baton Rouge, LA 70810
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Lexington Estates Commercial Land

      Baton Rouge commercial land, flexible zoning.
      0 Nicholson Dr, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Baton Rouge, Louisiana.
      10512 S Glenstone Pl, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      Freestanding Building on Corner Lot

      3,230 SF standalone building suitable for office or retail.
      13687 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • $23 SF/Yr

      Perkins Road Retail/Office Space

      Three 1,500 sq. ft. bays for lease.
      1600 Blk Of Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      New Construction Retail/Office Space

      New construction retail or office space for sale or lease.
      16153 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      Upscale Mixed-Use Development Space

      High-end retail and office spaces in Baton Rouge.
      8200 Village Plaza Ct, Baton Rouge, LA 70810
      View Details
    View Listing
    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.
    Nicholson Dr
    Baton Rouge, LA 70810
    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
    Nicholson Dr, Baton Rouge, LA, 70810
    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!