Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4615 Government St Baton Rouge, LA 70806
    Back to Search
    Property profile & analytics

    4615 Government St Baton Rouge, LA 70806

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

    Current Use by Public Records

    • Anne L. Natale, Asso / Physician / Medical Clinic
    • Stone Karen D MD / Physician
    • Dr. David E. Post, MD / Physician / Medical Clinic
    • Blanche Bienvenu / Foster Care Service / Social Service Agency
    • Center For Addictive Disorders / State Government Office

    Property Details for 4615 Government St

    Lot size
    8.07 lot acres
    Property type
    Land

    Description

    This exceptional 8.07-acre commercial land parcel presents a prime development opportunity in Baton Rouge's vibrant Mid-City area. Located on Government Street, this property boasts high visibility and foot traffic, situated near popular restaurants like Bistro Byronz and Tap 65. Its strategic location offers convenient access to South Acadian Thruway and Florida Boulevard, placing it just three miles west of downtown Baton Rouge. The C2 zoning allows for a wide range of development possibilities, catering to diverse commercial ventures. With approximately 351,529.20 square feet of land, this site provides ample space for ambitious projects. Government Street's impressive traffic count of 16,503 AADT ensures significant exposure for any development. The property's accessibility is further enhanced by its ease of access for both pedestrian and vehicular traffic, making it an attractive location for businesses and their customers. This is a rare opportunity to acquire a substantial commercial land parcel in a high-demand area with excellent infrastructure and accessibility. The asking price for this exceptional property is $4,300,000.

    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
    -91.1416
    Latitude
    30.4452

    Comparable in this City

    • Value Estimation by Request
      0.33 Acres

      820 Executive Park Ave

      Land • 0.33 Acres
      820 Executive Park Ave, Baton Rouge, LA 70806
      View Details
    • Value Estimation by Request
      0.82 Acres

      Airport Ave

      Land • 0.82 Acres
      0 Airport Ave, Baton Rouge, LA 70806
      View Details
    • Value Estimation by Request
      7,222 SF

      3950 3968 3978 Blvd

      Office Spaces • 7,222 SF
      3950 3968 3978 Blvd, Baton Rouge, LA 70806
      View Details
    • Value Estimation by Request
      28,500 SF

      4958 Florida Blvd

      Land • 28,500 SF
      4958 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • Value Estimation by Request
      1.38 Acres

      7389 Florida Blvd

      Land • 1.38 Acres
      7389 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • Value Estimation by Request
      0.68 Acres

      Florida Blvd

      Land • 0.68 Acres
      0 Florida Blvd, Baton Rouge, LA 70806
      View Details

    Similar Nearby for Sale

    • $31,500

      Land Near 38th and North

      Land for sale near 38th and North Street.
      3761 North St, Baton Rouge, LA 70806
      View Details
    • Contact for pricing
      0.23 Acres

      Executive Park Commercial Lot 82

      Prime .23-acre commercial lot in Baton Rouge.
      840 Executive Park Ave, Baton Rouge, LA 70806
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $299,900

      Land For Sale

      Acreage or lot available for purchase.
      6930 Goodwood Ave, Baton Rouge, LA 70806
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      7389 Florida Blvd, Baton Rouge, LA 70806
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Vacant Lot For Lease

      Vacant lot available for lease, ideal for various uses.
      1123 N Carrollton Ave, Baton Rouge, LA 70806
      View Details
    • Contact for pricing
      11,224 SF

      Retail Redevelopment at Government Street

      Retail and office suites available, including drive-thru spaces.
      3384 Government St, Baton Rouge, LA 70806
      View Details
    • $11 SF/Yr
      4,000 SF

      Retail Space on Florida Blvd

      Retail space with frontage and pylon signage on Florida Blvd.
      7744-0 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $13 SF/Yr

      Baton Rouge Office Space Available

      Office space available for lease in Baton Rouge, Louisiana.
      8281 Goodwood Blvd, Baton Rouge, LA 70806
      View Details
    • $11 SF/Yr
      45,198 SF

      8620 Airline Hwy

      Retail space • 45,198 SF
      8620 Airline Hwy, Baton Rouge, LA 70806
      View Details
    • Contact for pricing

      Move-In Ready Office Space

      Second-level office space with high visibility and convenient access.
      759 S Acadian Thwy, Baton Rouge, LA 70806
      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.
    4615 Government St
    Baton Rouge, LA 70806
    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
    4615 Government St, Baton Rouge, LA, 70806
    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!