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

    8300 Picardy Ave Baton Rouge, LA 70809

    • Land
    • 1.83 lot acres
    For Sale
    View listing
    $1,474,724
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8300 Picardy Ave

    Lot size
    1.83 lot acres
    Property type
    Land

    Description

    This exceptional 1.83-acre commercial land parcel, located at 8300 Picardy Ave in Baton Rouge, Louisiana (zip code 70809, APN 1674765), presents a compelling investment opportunity within the thriving South Baton Rouge medical district. Zoned M-1, this build-ready site offers unparalleled versatility, ideal for a range of medical-related developments. Envision a state-of-the-art medical office building, a specialized facility like a sleep lab or diagnostic center, or an outpatient physical therapy clinic. The property's strategic location provides excellent access to major roadways, ensuring convenient patient and staff access. Its proximity to three prominent hospitals – Our Lady of the Lake Regional Medical Center, Baton Rouge General, and Ochsner Medical Center – including the only 24/7 freestanding OLOL Children's Hospital (within a half-mile radius), solidifies its position within the expanding medical corridor. The asking price is $1,474,724, translating to $805,860 per acre. This vacant land presents a rare chance to capitalize on the area's robust growth and high demand for medical services. Don't miss this chance to acquire a prime piece of real estate in a rapidly developing medical hub.

    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
    -91.1009
    Latitude
    30.3945

    Comparable in this City

    • Value Estimation by Request
      4,547 SF

      4475 Bluebonnet Blvd

      Land • 4,547 SF
      4475 Bluebonnet Blvd, Baton Rouge, LA 70809
      View Details
    • Value Estimation by Request
      66.00 Acres

      Baringer Foreman Rd

      Individual retail properties • 66.00 Acres
      0 Baringer Foreman Rd, Baton Rouge, LA 70809
      View Details
    • Value Estimation by Request
      0.66 Acres

      Siegen Ln

      Land • 0.66 Acres
      0 Siegen Ln, Baton Rouge, LA 70809
      View Details
    • Value Estimation by Request
      1.12 Acres

      6959 Commerce Cir

      Land • 1.12 Acres
      6959 Commerce Cir, Baton Rouge, LA 70809
      View Details
    • Value Estimation by Request
      0.92 Acres

      Lot-3-A Bluebonnet Centre Blvd

      Land • 40,075 SF
      Lot-3-A Bluebonnet Centre Blvd, Baton Rouge, LA 70809
      View Details
    • Value Estimation by Request
      0.46 Acres

      8300 Sholar Dr

      Land • 0.46 Acres
      8300 Sholar Dr, Baton Rouge, LA 70809
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.66 Acres

      Siegen Lane Commercial Land Parcel

      Prime Baton Rouge commercial land, high visibility.
      0 Siegen Ln, Baton Rouge, LA 70809
      View Details
    • $1,474,724
      1.83 Acres

      Prime Baton Rouge Medical Land

      1.83 Acres, M-1 Zoning, Investment Opportunity
      8300 Picardy Ave, Baton Rouge, LA 70809
      View Details
    • $7,900,000
      7.90 Acres

      Baton Rouge Commercial Land - 7.9 Acres

      Prime 7.9-acre commercial lot, I-10 visibility.
      0 Rieger Rd, Baton Rouge, LA 70809
      View Details
    • $750,000
      0.92 Acres

      I-10 Frontage Commercial Land

      Baton Rouge, LA - Prime Commercial Lot
      Lot-3-A Bluebonnet Centre Blvd, Baton Rouge, LA 70809
      View Details
    • $816,750
      0.66 Acres

      Siegen Lane Commercial Land Opportunity

      Baton Rouge, LA: High-traffic retail/restaurant land.
      6166 Siegen Ln, Baton Rouge, LA 70809
      View Details
    • Contact for pricing
      6.36 Acres

      Bluebonnet Blvd Commercial Land

      Baton Rouge, LA: Prime Development Opportunity
      0 Burbank Dr And Bluebonnet Blvd, Baton Rouge, LA 70809
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,800 SF

      Office Space in Hide Park

      Office lease opportunity in Baton Rouge's garden office corridor.
      4710 Bluebonnet Blvd, Baton Rouge, LA 70809
      View Details
    • $25 SF/Yr
      46,333 SF

      The Metro Office Park: Baton Rouge

      Medical Office Suites Available Now
      10235 Jefferson Hwy, Baton Rouge, LA 70809
      View Details
    • $19 SF/Yr
      58,369 SF

      United Plaza V: Class A Office Space

      Prime Essen Lane Office, Multiple Tenancies Available
      8591 United Plaza Blvd, Baton Rouge, LA 70809
      View Details
    • $20 SF/Yr
      3,456 SF

      Prime Medical Office Space Available

      Baton Rouge medical office, 3,456 sq ft
      5702 Mancuso Ln, Baton Rouge, LA 70809
      View Details
    • $13 SF/Yr
      2,170 SF

      Summa Ave Office Suites for Lease

      Renovated Offices, Ideal for Medical
      8211 Summa Ave, Baton Rouge, LA 70809
      View Details
    • $8 SF/Yr
      76,384 SF

      Baton Rouge Industrial Space

      High-profile warehouse, flex space available
      10049 Rieger Rd, Baton Rouge, LA 70809
      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.
    8300 Picardy Ave
    Baton Rouge, LA 70809
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.