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    Property profile & analytics

    3275 Millerville Rd Baton Rouge, LA 70816

    • Investment properties
    • 1.93 lot acres
    For Sale
    View listing
    $1,427,022
    Value Estimation
    Location Intelligence
    Property ID
    US36-0545902
    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

    • Investment properties

    Property Details for 3275 Millerville Rd

    Lot size
    1.93 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    30833198
    APU
    30833198

    Description

    This exceptional 45,000-square-foot industrial property, situated in downtown Richmond, Indiana, presents a compelling investment opportunity. The building, constructed in 1976, features a two-story design and sits on a 1.68-acre lot, offering ample space for various industrial uses. Currently vacant and entirely available, the property is easily divisible into units of at least 10,000 square feet, catering to single or multi-tenant occupancy needs. The building boasts three loading docks and one dock-high door, facilitating efficient loading and unloading operations. On-site parking is provided for 24 vehicles. Its strategic location provides convenient access to Interstate 70 and US Highway 40, ensuring seamless transportation and logistics. Further enhancing its appeal, this property is designated as a Federal Opportunity Zone, presenting significant tax advantages for investors. The versatile space is ideal for manufacturing, distribution, or warehousing operations, making it a highly attractive prospect for businesses seeking a well-located and functional industrial facility. The property's size, accessibility, and Opportunity Zone designation combine to create a rare and valuable investment opportunity in a thriving location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $260,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $250,000
      Mixed-Use
      $330,000
      Hospitality
      $315,000
      Educational
      $290,000
      Residential Income
      $305,000
      Energy
      $320,000
      Income-Based Land
      $250,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0238
    Latitude
    30.4303
    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
    $6,620
    $15,380
    $38,090
    $53,470
    -
    $153,800
    $253,933
    $407,733

    Comparable in this City

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      STORE/OFFICE (MIXED USE) • 10.06 Acres
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    3275 Millerville Rd
    Baton Rouge, LA 70816
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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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