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    Central Ln Baton Rouge, LA 70818
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    Central Ln, Baton Rouge, LA 70818

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    • Retail properties & Spaces
    • 22,099 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Central Ln

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional mixed-use retail and restaurant opportunity spans 22,099 square feet, currently entirely vacant, within the thriving Settlement on Shoe Creek development in East Baton Rouge Parish. Located in a dynamic 150-acre traditional neighborhood development (TND), this first-floor space offers unparalleled visibility and access to a burgeoning community. The Settlement on Shoe Creek boasts a diverse mix of residential options, including over 479 homesites, 250 apartments, and 100 assisted living units, ensuring a substantial and consistent customer base. The development also features numerous parks and a central Town Square with an outdoor pavilion designed to host concerts and community events, fostering a vibrant atmosphere and attracting significant foot traffic. This property presents a unique chance to establish a prominent presence within a rapidly growing area. The flexible space allows for various configurations, accommodating businesses ranging from 1,834 to 20,265 square feet. The property's APN is 017-5731-8. This is an unparalleled opportunity to capitalize on the significant growth and potential of this master-planned community. The development's strategic planning and diverse amenities create a highly desirable location for businesses seeking strong community engagement and high visibility. Don't miss this chance to secure a prime retail or restaurant space in a thriving community.

    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
    -91.0682
    Latitude
    30.5351

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      Sullivan Rd

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      7.34 Acres

      11750 Hooper Rd

      Land
      11750 Hooper Rd, Baton Rouge, LA 70818
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    • Value Estimation by Request
      20,000 SF

      The Lawn At Shoe Crk

      Retail properties & Spaces
      0 The Lawn At Shoe Crk, Baton Rouge, LA 70818
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    • Value Estimation by Request
      1,421 SF

      9728 Sullivan Rd

      Individual retail properties
      9728 Sullivan Rd, Baton Rouge, LA 70818
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    • Value Estimation by Request
      13,921 SF

      14375-14385 Grand Settlement Blvd

      Lifestyle centers
      14375-14385 Grand Settlement Blvd, Baton Rouge, LA 70818
      View Details
    • Value Estimation by Request
      8,100 SF

      9695 Hooper Rd

      Automotive properties
      9695 Hooper Rd, Baton Rouge, LA 70818
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Hooper Road

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      Commercial Land in Central's Corridor

      Versatile commercial land suitable for office, retail, or investment.
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      Office/Retail Suites Available Separately

      Brand-new office and retail suites near Rouses with ample parking and flexible leasing options.
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    • $595,200

      Sullivan Road Commercial Opportunity

      3.95 acre commercial tract with redevelopment potential.
      11237 Sullivan Rd, Baton Rouge, LA 70818
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    • Contact for pricing

      Commercial Land on Hooper Road

      5.52 acre commercial tract with high visibility and frontage.
      13122 Hooper Rd, Baton Rouge, LA 70818
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    Similar Nearby for Lease

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      Central Plaza Shopping Center

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      Retail Space in Shadow-Anchored Center

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      Retail Space Near Winn-Dixie

      Retail space available for lease next to Winn-Dixie.
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      Garden Office Park For Lease

      Office spaces available in new commercial development.
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      Office/Educational Facility on Joor Rd

      Office, educational, or multi-use facility with excellent visibility.
      10510 Joor Rd, Baton Rouge, LA 70818
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    Central Ln
    Baton Rouge, LA 70818
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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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