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    565 Madison Ave Bastrop, LA 71220

    • Commercial real estate
    • 72,739 SF
    For Lease
    View listing
    $7 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US36-2259802
    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

    • Commercial real estate

    Property Details for 565 Madison Ave

    Year built
    1960
    Property size
    72,739 SF
    Property type
    Commercial real estate
    APN
    200324740
    APU
    200324740

    Description

    This exceptional retail opportunity in Bastrop, Louisiana, presents 4,296 square feet of completely renovated, energy-efficient commercial space available for lease at 565 E Madison Ave. The property, zoned commercial (APN: 02000/001/0000B), offers multiple tenancy options with spaces ranging from a minimum of 576 square feet to a maximum contiguous space of 1,920 square feet. The entire 4,296 square feet is currently vacant and ready for immediate occupancy. The property boasts ample parking with over 100 spaces, enhanced by security measures at both the parking lot and storefronts. Utilities including cable, electric, and gas are available with separate meters. Common area maintenance is included in the lease rate. This strip center enjoys a strong tenant mix, including Cost Plus Furniture, Climate Control Storage, From the Heart Designs, Raw Kutz International Barber & Beauty Shop, Jiffy Tax, Spin Spa Laundry, and Cover 2 Wings & Grill. Located in Morehouse Parish, this property offers excellent visibility and accessibility in a thriving commercial area. The property's address is 565 E Madison Ave, Bastrop, LA 71220.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Morehouse
    State
    Louisiana
    Longitude
    -91.9072
    Latitude
    32.7794
    CBSA code
    33740
    CBSA name
    MONROE, 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
    $19,806
    $16,065
    $128,780
    $144,845
    -
    $160,650
    $858,530
    $1,019,180

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    565 Madison Ave
    Bastrop, LA 71220
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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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