Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    4759 Earl Gros Ave Baton Rouge, LA 70820

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4759 Earl Gros Ave Baton Rouge, LA 70820

    View on Map
    • Apartment buildings
    • 49,579 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • University Communities / Student Dormitory

    Property Details for 4759 Earl Gros Ave

    Year built
    1975
    Property size
    49,579 SF
    Property type
    Apartment buildings

    Description

    This 74-unit apartment building, located at 4759 Earl Gros Ave, Baton Rouge, LA 70820, presents a compelling value-add investment opportunity. Currently in receivership and requiring extensive renovations, the property offers significant upside potential. The 49,579 square foot complex, built in 1975, consists of five, three-story buildings situated on a 91,402 square foot lot (APN: 00763179, 00763233, 00763217, 00763195, 00763187, 00763209, 00763225). The asking price is $1,995,000 ($40.24/sq ft, $26,959.46/unit), with a pro-forma NOI of $286,526 and a pro-forma cap rate of 14.36%. Currently zoned A4, the property is ideally positioned 1.5 miles from Louisiana State University, providing access to a large pool of potential tenants. Existing amenities include large courtyards and a pool. The property's proximity to national credit tenants such as McDonald's, Sonic, Taco Bell, and Yogurtland, along with various local restaurants and bars, further enhances its appeal. All units are currently boarded up and require complete rehabilitation. This distressed asset presents a unique chance to create attractive housing for students and staff. The property is being sold as-is.

    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
    -91.1796
    Latitude
    30.3916

    Comparable in this City

    • Value Estimation by Request
      6,100 SF

      1155 Jim Taylor Dr

      Multifamily properties • 6,100 SF
      1155 Jim Taylor Dr, Baton Rouge, LA 70820
      View Details
    • Value Estimation by Request
      11,080 SF

      8220 Ned Ave

      Multifamily properties • 11,080 SF
      8220 Ned Ave, Baton Rouge, LA 70820
      View Details
    • Value Estimation by Request
      7,000 SF

      4708 Tigerland Ave

      Multifamily properties • 7,000 SF
      4708 Tigerland Ave, Baton Rouge, LA 70820
      View Details
    • Value Estimation by Request
      264,179 SF

      4445 Alvin Dark Ave

      Multifamily properties • 264,179 SF
      4445 Alvin Dark Ave, Baton Rouge, LA 70820
      View Details
    • Value Estimation by Request
      36,000 SF

      7272 Burbank Dr

      Multifamily properties • 36,000 SF
      7272 Burbank Dr, Baton Rouge, LA 70820
      View Details
    • Value Estimation by Request
      2.04 Acres

      1413 Jim Taylor Dr

      Multifamily properties • 2.04 Acres
      1413 Jim Taylor Dr, Baton Rouge, LA 70820
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Updated Condo Near LSU Campus

      Three-bedroom, two-bath condo with updates, near LSU campus.
      1741 Brightside Dr, Baton Rouge, LA 70820
      View Details
    • Contact for pricing
      6,100 SF

      Multifamily Investment Near LSU Campus

      Six-unit apartment building near LSU with value-add potential.
      1155 Jim Taylor Dr, Baton Rouge, LA 70820
      View Details
    • Contact for pricing
      21,440 SF

      Stabilized Multifamily Portfolio Near LSU

      72-unit multifamily portfolio in established student housing submarket near LSU.
      4636 Alvin Dark Ave, Baton Rouge, LA 70820
      View Details
    • New
      $245,000
      4,318 SF

      Sharlo Subdivision Duplex Opportunity

      Two attached townhouses in desirable Sharlo Subdivision near LSU.
      1474-1476 Sharlo Ave, Baton Rouge, LA 70820
      View Details
    • $279,000
      3,968 SF

      Multifamily Property for Sale

      Multifamily property featuring 3968 square feet available for purchase.
      2182 Gardere Ln, Baton Rouge, LA 70820
      View Details
    • $279,000

      Baton Rouge Fourplex Investment Opportunity

      Fully leased fourplex in Baton Rouge with stable income.
      2182 Gardere Ln, Baton Rouge, LA 70820
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Shovel Ready Land on Burbank

      Land available for build to suit in high-growth residential area.
      Burbank Dr, Baton Rouge, LA 70820
      View Details
    • Contact for pricing

      Prime Land Adjacent to Marketplace

      0.675-acre vacant land parcel near Arlington Marketplace in Baton Rouge.
      5811 Creek Center Dr, Baton Rouge, LA 70820
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space available in a busy shopping center.
      990 W Lee Dr, Baton Rouge, LA 70820
      View Details
    • $26 SF/Yr

      Retail Space For Rent

      Retail space available for lease in Baton Rouge, Louisiana.
      600 Arlington Creek Center Blvd, Baton Rouge, LA 70820
      View Details
    • Contact for pricing

      Corner Lot on Staring Lane

      0.806-acre corner lot suitable for various commercial uses.
      9151 Burbank Dr, Baton Rouge, LA 70820
      View Details
    • Contact for pricing

      Retail Bays in New Center

      Retail spaces available in high-traffic shopping center.
      9151 Burbank Dr, Baton Rouge, LA 70820
      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.
    4759 Earl Gros Ave
    Baton Rouge, LA 70820
    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

    4759 Earl Gros Ave, Baton Rouge, LA, 70820

    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!