Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8324 Greenwell Springs Rd Baton Rouge, LA 70814
    Back to Search
    Property profile & analytics

    8324 Greenwell Springs Rd Baton Rouge, LA 70814

    View on Map
    • Land
    • 34.42 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8324 Greenwell Springs Rd

    Lot size
    34.42 lot acres
    Property type
    Land

    Description

    This exceptional ±34.42-acre commercial land tract presents a unique investment opportunity in Baton Rouge, Louisiana. Located at 8324 Greenwell Springs Road, this mostly uncleared property boasts over 800 feet of frontage on Greenwell Springs Road, a highly trafficked thoroughfare with approximately 23,051 vehicles passing daily. The property's strategic location offers convenient access to Airline Highway, a major artery connecting Krotz Springs, Baton Rouge, and New Orleans, placing it within approximately one minute of this vital transportation route. Zoned A1 (Single Family Residential), this expansive parcel is surrounded by a robust residential market, with an estimated 69,601 homes within a five-mile radius, indicating significant potential for residential development. The asking price is $1,274,435, translating to a land value of $0.85 per square foot. The property's Assessed Parcel Number (APN) is 941174. This substantial acreage offers developers a prime location for a variety of projects, capitalizing on its high visibility, excellent access, and strong surrounding residential population. The property is situated in East Baton Rouge Parish, Louisiana, with a zip code of 70814. This is a rare opportunity to acquire a large, well-positioned tract 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
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1014
    Latitude
    30.4792

    Comparable in this City

    • Value Estimation by Request
      7.00 Acres

      8899 Greenwell Springs Rd

      Land • 7.00 Acres
      8899 Greenwell Springs Rd, Baton Rouge, LA 70814
      View Details
    • Value Estimation by Request
      1.79 Acres

      3862 Joor Rd

      Land • 1.79 Acres
      3862 Joor Rd, Baton Rouge, LA 70814
      View Details
    • Value Estimation by Request
      1.00 Acre

      & Monticello Greenwell Springs Rd

      Individual retail properties • 1.00 Acre
      & Monticello Greenwell Springs Rd, Baton Rouge, LA 70814
      View Details
    • Value Estimation by Request
      32.24 Acres

      3700 Sherwood Forest Dr

      Land • 32.24 Acres
      3700 Sherwood Forest Dr, Baton Rouge, LA 70814
      View Details
    • Value Estimation by Request
      1.85 Acres

      4050 Joor Rd

      Land • 1.85 Acres
      4050 Joor Rd, Baton Rouge, LA 70814
      View Details
    • Value Estimation by Request

      Greenwell Spgs Rd

      Land
      0 Greenwell Spgs Rd, Baton Rouge, LA 70814
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land in Quiet Cul-de-Sac

      Lot with potential for rebuilding near shopping and amenities.
      29 Tracy Ave, Baton Rouge, LA 70814
      View Details
    • Contact for pricing
      0.87 Acres

      Undeveloped Lot in Quiet Neighborhood

      Undeveloped 0.87 acre lot ready for a dream home.
      Tbd Ridgewood Dr, Baton Rouge, LA 70814
      View Details
    • Contact for pricing

      Land on Joor Road

      Land suitable for retail, restaurant, or self-storage development.
      3862 Joor Rd, Baton Rouge, LA 70814
      View Details
    • Contact for pricing

      Vacant Commercial Lot For Sale

      Commercially zoned vacant lot on high traffic Greenwell Springs Rd.
      10554 Greenwell Springs Rd, Baton Rouge, LA 70814
      View Details
    • Contact for pricing

      Greenwell Springs Development Tract For Sale

      7-acre development tract with high-traffic frontage on Greenwell Springs.
      8899 Greenwell Springs Rd, Baton Rouge, LA 70814
      View Details
    • Contact for pricing

      32 Acres Development Opportunity

      32 acres on N Sherwood Forest Dr, Baton Rouge, LA
      3700 N Sherwood Forest Dr, Baton Rouge, LA 70814
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Clear Span Warehouse For Rent

      6,000 SF warehouse with dock high door.
      8741 Greenwell Springs Rd, Baton Rouge, LA 70814
      View Details
    • $19 SF/Yr

      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
    • Contact for pricing

      Dock High Warehouse For Lease

      Dock high warehouse with renovated offices and LED lighting.
      2611 North Dumont Dr, Baton Rouge, LA 70814
      View Details
    • $6 SF/Yr

      22,500 SF Industrial Buildings

      Two industrial buildings totaling 22,500 SF available for lease.
      2642 Meeker Dr, Baton Rouge, LA 70814
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Office/Warehouse Space for Lease

      Office/warehouse space featuring truck well, roll-up doors, and M-1 zoning.
      10609 N Dual St, Baton Rouge, LA 70814
      View Details
    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.
    8324 Greenwell Springs Rd
    Baton Rouge, LA 70814
    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
    8324 Greenwell Springs Rd, Baton Rouge, LA, 70814
    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!