Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Tract X Parcels 1&2 Tigerbend At Hickory Rdg Baton Rouge, LA 70817
    Property profile & analytics

    Tract X Parcels 1&2 Tigerbend At Hickory Rdg, Baton Rouge, LA 70817

    View on Map
    • Retail properties & Spaces
    • 1.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for Tract X Parcels 1&2 Tigerbend At Hickory Rdg

    Lot size
    1.30 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 1.3-acre commercial and residential land parcel, located at Tigerbend at Hickory Ridge Tract X Parcels 1&2 in Shenandoah, Louisiana, presents a unique investment opportunity. The property, identified by APN 032-5207-8, boasts a prime location in East Baton Rouge County, zip code 70817, with coordinates 30.372807, -91.1833043. Zoned B, this hard corner lot offers significant flexibility for diverse development projects. The asking price is $956,774, translating to a land value of $6.75 per square foot. Given its zoning and location, the property is suitable for a variety of uses, including multi-family residential, office space, retail establishments, and retail pad developments. The substantial lot size provides ample space for large-scale projects or the potential for subdivision. This is a rare opportunity to acquire a strategically located, versatile land parcel in a thriving Louisiana market. The property's high visibility and accessibility make it an ideal location for businesses seeking a strong presence in the Baton Rouge area. Serious inquiries are encouraged to explore the full potential of this exceptional investment. Additional acreage (1.90+/- acres) may also be available.

    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
    State
    Louisiana
    Longitude
    -91.1833
    Latitude
    30.3728

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      14631 Vlg Market St

      Land
      14631 Vlg Market St, Baton Rouge, LA 70817
      View Details
    • Value Estimation by Request
      12,600 SF

      15405 Airline Hwy

      Office Spaces
      15405 Airline Hwy, Baton Rouge, LA 70817
      View Details
    • Value Estimation by Request
      15,700 SF

      6308 Quinn Dr

      Churches & religious facilities
      6308 Quinn Dr, Baton Rouge, LA 70817
      View Details
    • Value Estimation by Request
      4.16 Acres

      9373 Baringer Rd

      Medical Office Space
      9373 Baringer Rd, Baton Rouge, LA 70817
      View Details
    • Value Estimation by Request
      9,600 SF

      5551 Jones Creek Rd

      Individual retail properties
      5551 Jones Creek Rd, Baton Rouge, LA 70817
      View Details
    • Value Estimation by Request

      4807 Kennesaw Dr

      Multifamily properties
      4807 Kennesaw Dr, Baton Rouge, LA 70817
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      South Baton Rouge Office Park

      Premier professional and medical office park in South Baton Rouge.
      9373 Baringer Rd, Baton Rouge, LA 70817
      View Details
    • $814,875
      4.16 Acres

      Baringer Rd Medical Office Pad Site

      Prime Medical Office Pad, Baton Rouge
      9373 Baringer Foreman Rd, Baton Rouge, LA 70817
      View Details
    • Contact for pricing
      2,241 SF

      Land on George O'Neal Road

      Land with commercial and residential development potential in Baton Rouge.
      16239 George Oneal Rd, Baton Rouge, LA 70817
      View Details
    • Contact for pricing
      4,279 SF

      Versatile Commercial Property on Market Street

      Multi-use property suitable for various businesses, move-in ready.
      15006 Market St, Baton Rouge, LA 70817
      View Details
    • Contact for pricing

      Prime Central Baton Rouge Property

      Centrally located property with office spaces, parking, and fenced yard.
      14744 Tiger Bend Rd, Baton Rouge, LA 70817
      View Details
    • Contact for pricing
      Pending

      Coursey Blvd Commercial Property

      Commercial property available for sale on Coursey Boulevard.
      13420 Coursey Blvd, Baton Rouge, LA 70817
      View Details

    Similar Nearby for Lease

    • $700 /Mo
      106 SF

      Furnished Room in Saint George

      Furnished room with sink, cabinetry, and marble flooring available.
      14111 Airline Hwy, Baton Rouge, LA 70817
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Office and retail spaces for lease in South Baton Rouge.
      14111 Airline Hwy, Baton Rouge, LA 70817
      View Details
    • Contact for pricing

      Retail Space on Jones Creek

      End-cap retail space in a high-traffic shopping center.
      5551 Jones Creek Rd, Baton Rouge, LA 70817
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Baton Rouge, Louisiana.
      17301 Jefferson Hwy, Baton Rouge, LA 70817
      View Details
    • Contact for pricing
      106 SF

      Furnished Room for Beauty Business

      Furnished room with sink, ideal for beauty professionals.
      14111 Airline Hwy, Baton Rouge, LA 70817
      View Details
    • Contact for pricing

      Office/Warehouse with Showroom and Yard

      11,404 SF office/warehouse with showroom and fenced yard.
      12137 Airline Hwy, Baton Rouge, LA 70817
      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.
    Tract X Parcels 1&2 Tigerbend At Hickory Rdg
    Baton Rouge, LA 70817
    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
    Tract X Parcels 1&2 Tigerbend At Hickory Rdg, Baton Rouge, LA, 70817
    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!