Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    964 Hwy Zachary, LA 70791

    • Office Properties & Spaces
    • 3,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 964 Hwy

    Property size
    3,000 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional 1,375 square foot Class A office suite is part of the brand-new Copper Mill Office Park in Zachary, Louisiana. Located at Hwy 964, zip code 70791, this space is situated in a thriving business community within East Baton Rouge County. The suite is part of a larger 3,000 square foot building, offering a traditional office layout ideal for executive offices or other professional uses. The property sits on a 3,000 square foot lot and is zoned SC. The building is anticipated to be ready for occupancy around April 1st, 2024. This prime location offers easy access to local amenities and is surrounded by a diverse range of businesses, including medical practices, an orthodontist, insurance agencies, home health care providers, a CPA firm, a chiropractor, and financial services companies. This presents a unique opportunity to establish a presence in a vibrant and well-established business park. The property is categorized as a multiple tenancy building. Inquire today to secure this exceptional office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zachary
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1929
    Latitude
    30.6471

    Comparable in this City

    • Value Estimation by Request
      22,000 SF

      1110 Americana Blvd

      Office Properties & Spaces • 22,000 SF
      1110 Americana Blvd, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      0.86 Acres

      Machost Rd

      Distribution properties • 0.86 Acres
      0 Machost Rd, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      2,800 SF

      21067 Plank Rd

      Office Properties & Spaces • 2,800 SF
      21067 Plank Rd, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      2,294 SF

      5420 Old Scenic Hwy

      Medical offices • 2,294 SF
      5420 Old Scenic Hwy, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      0.50 Acres

      20103 B2 Old Scenic Hwy Unit

      Commercial real estate • 0.50 Acres
      20103 B2 Old Scenic Hwy Unit, Zachary, LA 70791
      View Details
    • Value Estimation by Request
      1.20 Acres

      16351 Old Scenic Hwy

      Mixed-use properties • 1.20 Acres
      16351 Old Scenic Hwy, Zachary, LA 70791
      View Details

    Similar Nearby for Sale

    • $179,995
      0.86 Acres

      Prime Zachary Industrial Land

      0.86 Acres, Industrial Zoning, Hwy Access
      0 Machost Rd, Zachary, LA 70791
      View Details
    • $3,140,000
      31.90 Acres

      Prime Zachary Land - 31.9 Acres

      Exceptional development opportunity in rapidly growing Zachary, LA.
      0 Cor Of 64 & Plank Rd, Zachary, LA 70791
      View Details
    • $1,400,000
      30.18 Acres

      Hwy 964 Zachary Land - 30 Acres

      Prime 30-acre residential development site. High-growth Zachary location.
      0 Hwy 964, Zachary, LA 70791
      View Details
    • $185,000
      0.96 Acres

      Zachary Commercial Land Investment

      0.96 Acres, Prime Location, $185,000
      21010 Old Scenic Hwy, Zachary, LA 70791
      View Details
    • $900,000
      35.00 Acres

      Zachary Residential Development Land

      35 Acres, Prime Location, High Potential
      10011 Greenwell Spring Port Hudson Rd, Zachary, LA 70791
      View Details
    • $1,500,000
      34.50 Acres

      Prime Zachary Commercial Land

      34.5 Acres, $1.5M Asking
      0 La-64, Zachary, LA 70791
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      22,000 SF

      Executive Suites in Zachary, LA

      Prime Office Space, Zachary, LA
      1110 Americana Blvd, Zachary, LA 70791
      View Details
    • $29 SF/Yr
      20,050 SF

      Sullivan Medical Office Space For Lease

      Zachary, LA: Medical Office Suites Available
      4845 Main St, Zachary, LA 70791
      View Details
    • $17 SF/Yr
      1,674 SF

      Class A Office Suite

      1,674 SF office suite in Copper Mill Office Park.
      1215 Independence Blvd, Zachary, LA 70791
      View Details
    • $17 SF/Yr
      16,263 SF

      Old Town Square Retail Space

      Zachary, LA Strip Center: 3,753 SF Available
      4347 High St, Zachary, LA 70791
      View Details
    • Contact for pricing
      1,969 SF

      Retail Space in Zachary, LA

      Retail space available for lease in Zachary, Louisiana.
      1185 Americana Blvd, Zachary, LA 70791
      View Details
    • $2,255 /Mo
      1,250 SF

      Retail Space Near Walmart

      Prime retail space in high-traffic area near Walmart.
      5635 Main St, Zachary, LA 70791
      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.
    964 Hwy
    Zachary, LA 70791
    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

    Google sign-in failed. Please try again or use another login method.