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    Property profile & analytics

    4950 Government St Baton Rouge, LA 70806

    • Investment properties
    • 3,360 SF
    For Sale
    View listing
    $650,000
    Value Estimation
    Location Intelligence
    Property ID
    US36-0443011
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sarkos Jewelry / Jeweler
    • Fred C Frey III Photography / Portrait Studio

    Property Details for 4950 Government St

    Year built
    1999
    Property size
    3,360 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    1241710
    APU
    1241710

    Description

    This exceptional 4,000 square foot standalone commercial property, located at 4950 Government Street in Baton Rouge, Louisiana, presents a unique investment opportunity. The building, a brick and CMU structure with metal trusses, sits on a 0.37-acre lot and benefits from ample parking on both the north and south sides, allowing for convenient access and 360-degree circulation. Currently zoned C1, this versatile property offers a multitude of potential uses, making it ideal for a variety of businesses. Its strategic location at the intersection of Government Street and South Foster Drive ensures high visibility and accessibility. The building is situated in Flood Zone X, eliminating flood insurance concerns. Previously occupied by Fred Frey Photography, the space is adaptable to a single tenant or can be easily divided into individual suites to accommodate multiple occupants. The asking price is $650,000, translating to $162.50 per square foot. This represents a compelling opportunity to acquire a well-located, versatile commercial property in a thriving Baton Rouge neighborhood. The property's size, zoning, and parking make it a highly desirable asset for both owner-occupiers and investors.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $375,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $425,000
      Mixed-Use
      $395,000
      Hospitality
      $320,000
      Educational
      $345,000
      Residential Income
      $380,000
      Energy
      $385,000
      Income-Based Land
      $345,000
      Food Service
      $395,000

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1388
    Latitude
    30.4438
    CBSA code
    12940
    CBSA name
    BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,548
    $5,820
    $14,730
    $20,550
    -
    $58,200
    $98,200
    $156,400

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    4950 Government St
    Baton Rouge, LA 70806
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    Realmo Value Estimation

    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.

    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.

    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
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