Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5703 Essen Ln Baton Rouge, LA 70810
    Property profile & analytics

    5703 Essen Ln, Baton Rouge, LA 70810

    View on Map
    • Retail properties & Spaces
    • 56,538 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sambath’s Donuts & More / Bakery / Discount Store
    • Metro Infusion Center / Medical Group / Medical Center
    • Deja Vu Smoke Shop #2 / (Bike/Boat/Book/etc) Store
    • Lovely Nails / Nail Salon

    Property Details for 5703 Essen Ln

    Year built
    2010
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 1,724 square foot retail space is located within the Essen Crossing Shopping Center at 5703 Essen Ln, Baton Rouge, LA 70810. Situated in a prime location at the busy intersection of Essen Lane and Perkins Road, this Class A property offers unparalleled visibility and accessibility. The center boasts ample parking, with cross-access to three neighboring developments, ensuring convenient parking for customers. Built in 2010, this single-story building is part of a 56,538 square foot shopping center on a 1.95-acre lot. The property benefits from municipal power and is zoned C-2. Its strategic location within the Health District, surrounded by prominent medical facilities including OLOL Hospital, Baton Rouge Clinic, Oschner, and the new Children's Hospital, guarantees high daytime traffic and a robust lunch crowd. This vibrant area is home to a diverse range of established businesses, including Ichiban, Zorba's, the Little Gym, Boujour dessert shop, and Sushi Masa. The property features an attractive outdoor courtyard and excellent signage opportunities. Ideal for a variety of uses, including financial offices, insurance agencies, boutiques, or other retail establishments. The property's strong demographics and convenient location make it an exceptional investment opportunity. The East Baton Rouge Parish location (APN: 004-2042-5) offers a thriving market with significant potential for growth.

    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
    -91.1085
    Latitude
    30.3964

    Comparable in this City

    • Value Estimation by Request
      9,200 SF

      9440 Perkins Rd

      Restaurants
      9440 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      2,425 SF

      9827 Bluebonnet Blvd

      Restaurants
      9827 Bluebonnet Blvd, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      17,066 SF

      9730 Bluebonnet Blvd

      Lifestyle centers
      9730 Bluebonnet Blvd, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      8,121 SF

      8150 Perkins Rd

      Restaurants
      8150 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      1.00 Acre

      Nicholson Dr

      Multifamily properties
      0 Nicholson Dr, Baton Rouge, LA 70810
      View Details
    • Value Estimation by Request
      1 SF

      Nicholson Dr

      Land
      0 Nicholson Dr, Baton Rouge, LA 70810
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,713 SF

      Retail Building with Drive-Thru

      Retail building with drive-thru on a large lot.
      14027 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing
      8,916 SF

      Large House Zoned C-2

      Large house zoned C-2, suitable for small business.
      8910 Highland Rd, Baton Rouge, LA 70810
      View Details
    • $525,000

      Retail Showroom and Warehouse Buildings

      Two buildings: retail showroom/office and unconditioned warehouse for sale.
      Baton, Baton Rouge, LA 70810
      View Details
    • Contact for pricing
      3,943 SF

      Freestanding Restaurant Investment Opportunity

      Single-tenant restaurant in Baton Rouge with a new triple-net lease.
      7955 Bluebonnet Blvd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing
      3,005 SF

      Renovated Office in Park-Like Setting

      Recently renovated office building for sale in a serene setting.
      10621 N Oak Hills Pkwy, Baton Rouge, LA 70810
      View Details
    • Contact for pricing
      50,251 SF

      Leased Medical Properties Portfolio

      Three fully-leased medical properties across Southeast Louisiana.
      14707 Perkins Rd, Baton Rouge, LA 70810
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Upscale Mixed-Use Development Space

      High-end retail and office spaces in Baton Rouge.
      8200 Village Plaza Ct, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      New Mixed-Use Development in Baton Rouge

      Class A retail and office space in expanding Baton Rouge area.
      15045 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      New Retail Building with Drive-Thru

      New retail space in mixed-use development, high-traffic area.
      15035 Perkins Rd, Baton Rouge, LA 70810
      View Details
    • Contact for pricing
      1 SF

      Lexington Estates Commercial Land

      Baton Rouge commercial land, flexible zoning.
      0 Nicholson Dr, Baton Rouge, LA 70810
      View Details
    • Contact for pricing

      Retail Spaces in Rouses Anchored Center

      Retail spaces available in shopping center at Bluebonnet and Perkins.
      7556 Bluebonnet Blvd, Baton Rouge, LA 70810
      View Details
    • $40 SF/Yr

      Mixed-Use Development Retail Opportunity

      Retail space available in a high-traffic, mixed-use development.
      Bluebonnet & Highland Rd, Baton Rouge, LA 70810
      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.
    5703 Essen Ln
    Baton Rouge, LA 70810
    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
    5703 Essen Ln, Baton Rouge, LA, 70810
    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!