Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    649 Madison Ave Bastrop, LA 71220
    Back to Search
    Property profile & analytics

    649 Madison Ave, Bastrop, LA 71220

    View on Map
    • Office Spaces
    • 650 SF
    For Sale
    $500
    View Listing →
    Bastrop Office Space For Lease For Sale
    $500
    650 SF

    Bastrop Office Space For Lease

    Renovated Office, Great Location, 650 SF

    649 Madison Ave, Bastrop, LA 71220
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carter Agency / Insurance Agency

    Property Details for 649 Madison Ave

    Property type
    Office Spaces

    Description

    This exceptional 650-square-foot commercial office space is available for lease in the vibrant Magnolia Plaza in Bastrop, Louisiana. Recently and completely renovated, this unit boasts energy-efficient features, making it both comfortable and cost-effective. All utilities—cable, electric, and gas—are available and metered separately for precise cost control. The lease rate even includes common area maintenance, simplifying budgeting. Security is a priority, with over 100 parking spaces available in a secure lot serving both the storefronts and the plaza. This prime location benefits from strong co-tenancy, including established businesses such as Cost Plus Furniture, Climate Control Storage, From The Heart Designs, Raw Kutz International Barber & Beauty Shop, Jiffy Tax, Spin Spa Laundry, and Cover 2 Wings & Grill, ensuring high foot traffic and visibility. The property is ideally suited for a new business seeking a move-in ready space or an existing business looking to upgrade or relocate. Its convenient location and attractive lease terms make this an exceptional opportunity. Inquire today to learn more and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    MOREHOUSE
    State
    Louisiana
    Longitude
    -91.9064
    Latitude
    32.7793

    Comparable in this City

    • Value Estimation by Request

      718 Washington St

      OFFICE (GENERAL)
      718 Washington St, Bastrop, LA 71220-5037
      View Details
    • Value Estimation by Request
      4,531 SF

      714 Washington St

      OFFICE (GENERAL)
      714 Washington St, Bastrop, LA 71220-5037
      View Details
    • Value Estimation by Request
      2,806 SF

      218 Franklin St

      OFFICE (GENERAL)
      218 Franklin St, Bastrop, LA 71220-3818
      View Details
    • Value Estimation
      $1,850,000
      28,920 SF

      729 Kammell St

      OFFICE (GENERAL)
      729 Kammell St, Bastrop, LA 71220
      View Details
    • Value Estimation by Request
      3,876 SF

      Bastrop, LA 71220

      OFFICE (GENERAL)
      Bastrop, LA 71220
      View Details
    • Value Estimation
      $8,245,000
      153,814 SF

      323 Walnut Ave

      OFFICE (GENERAL)
      323 Walnut Ave, Bastrop, LA 71220-4521
      View Details

    Similar Nearby for Sale

    • $275,000
      3,178 SF

      Bastrop Office Building - Great Location

      Prime Office Space, Ample Parking, 3178 sq ft
      618 Washington St, Bastrop, LA 71220
      View Details
    • Contact for pricing
      650 SF

      Bastrop Office Space For Lease

      Renovated Office, Great Location, 650 SF
      649 Madison Ave, Bastrop, LA 71220
      View Details
    • Contact for pricing
      1,882 SF

      Former Dentist Office For Sale

      Commercial property featuring a lobby, offices, kitchen, and storage.
      917 Lynwood Ave, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Office Space in Magnolia Center

      Office space with modern finishes in Bastrop's Magnolia Center.
      641 E Madison Ave, Bastrop, LA 71220
      View Details
    • $100,000
      33.00 Acres

      Affordable Hunting Land in Bastrop

      33 acres of customizable hunting land near Bastrop, MS.
      7398 Amon Hill Rd, Bastrop, LA 71220
      View Details
    • $225,000
      75.00 Acres

      Secluded Hunting Land Near Bastrop

      Affordable, customizable 75-acre hunting tract near Bastrop, Mississippi.
      7399 Amon Hill Rd, Bastrop, LA 71220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart Supercenter

      Retail space available, shadow-anchored by Walmart Supercenter on Mer Rouge Road.
      5981-6033 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Land Shadow-Anchored by Walmart

      Commercial land available, shadow-anchored by Walmart Supercenter.
      5981 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Land available near Walmart Supercenter with planned expansion.
      5993 Us-425, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Commercial land for rent shadow-anchored by Walmart Supercenter.
      6017 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    View Listing
    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.
    649 Madison Ave
    Bastrop, LA 71220
    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
    649 Madison Ave, Bastrop, LA, 71220
    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!