Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14246 Greenwell Springs Rd Central, LA 70739
    Property profile & analytics

    14246 Greenwell Springs Rd Central, LA 70739

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

    Current Use by Public Records

    • Land

    Property Details for 14246 Greenwell Springs Rd

    Lot size
    43.46 lot acres
    Property type
    Land

    Description

    This exceptional 43.456-acre commercial land parcel presents a significant development opportunity in Central, Louisiana. Located in East Baton Rouge Parish, the property boasts a prime location between Greenwell Springs Road and Central Thruway, offering two potential access points for optimal convenience. The land is zoned B4 (General Commercial Business Four), allowing for a wide range of commercial uses. The asking price is $1,861,703, translating to a land value of $42,837 per acre. The property's APN is 019-6112-8. This expansive tract offers significant potential for various commercial ventures, given its size and strategic location. Note that an additional approximately 1.325 acres, including a house and pool, is included in this offering. This adds further value and potential for future development or alternative uses. The property's size and zoning make it an attractive investment for developers seeking a substantial land holding in a rapidly growing area. Serious inquiries are encouraged to explore the possibilities of this unique commercial land opportunity. The property is ready for development and offers significant upside potential for the right investor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Central
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0257
    Latitude
    30.51

    Comparable in this City

    • Value Estimation by Request
      8.50 Acres

      Magnolia Brg Rd

      Land • 8.50 Acres
      0 Magnolia Brg Rd, Central, LA 70739
      View Details
    • Value Estimation by Request
      0.88 Acres

      14690 Greenwell Springs Rd

      Land • 0.88 Acres
      14690 Greenwell Springs Rd, Central, LA 70739
      View Details
    • Value Estimation by Request
      22.00 Acres

      Central Trwy

      Land • 22.00 Acres
      0 Central Trwy, Central, LA 70739
      View Details
    • Value Estimation by Request
      1.18 Acres

      9797 Greenwell Springs Rd

      Individual retail properties • 1.18 Acres
      9797 Greenwell Springs Rd, Central, LA 70739
      View Details
    • Value Estimation by Request

      14841 Greenwell Springs Rd

      Land
      14841 Greenwell Springs Rd, Central, LA 70739
      View Details
    • Value Estimation by Request
      1.36 Acres

      22755 Greenwell Springs Rd

      Land • 1.36 Acres
      22755 Greenwell Springs Rd, Central, LA 70739
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      10.08 acres of land available for purchase.
      Magnolia Bridge Rd, Greenwel Spgs, LA 70739
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      14841 Greenwell Springs Rd, Central, LA 70739
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      9797 Greenwell Springs Rd, Baton Rouge, LA 70739
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      Greenwell Springs Rd, Greenwel Spgs, LA 70739
      View Details
    • Contact for pricing

      Undeveloped Land Near Residential Area

      Raw land suitable for recreation, hunting, or large-scale development.
      Hubbs Rd, Greenwell Springs, LA 70739
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      22755 Greenwell Springs Rd, Central, LA 70739
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Central LA Strip Center

      Renovated strip center in Central, LA with high visibility.
      6647 Sullivan Rd, Central, LA 70739
      View Details
    • Contact for pricing

      Retail Space with Exxon Fuel

      Retail space available in renovated convenience store with Exxon fuel.
      17070 Greenwell Springs Rd, Central, LA 70739
      View Details
    • $8 SF/Yr
      17,770 SF

      River Crossing Shopping Center

      Central LA Retail Space - 12,624 SF Available
      18564 Magnolia Brg Rd, Central, LA 70739
      View Details
    • Contact for pricing

      Freestanding Building on Greenwell Springs Road

      6,000 SF freestanding building with showroom and office space.
      15151 Greenwell Springs Rd, Central, LA 70739
      View Details
    • Contact for pricing
      2,524 SF

      Magnolia Bridge Retail Space Available

      Retail and restaurant spaces available at Magnolia Bridge and Greenwell.
      18564 Magnolia Bridge Rd, Greenwell Springs, LA 70739
      View Details
    • Contact for pricing

      New Retail/Office Space Available

      New construction retail/office space with build-to-suit options and drive-thru.
      18448 Magnolia Bridge Rd, Greenwell Springs, LA 70739
      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.
    14246 Greenwell Springs Rd
    Central, LA 70739
    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
    14246 Greenwell Springs Rd, Central, LA, 70739
    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!