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

    10163 Patriot Dr Baton Rouge, LA 70816-4887

    • Investment properties
    • 16,760 SF
    • 1.24 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2020
    $1,700,000
    Value Estimations
    $1,700,000
    Show details
    Cap Rate Potential
    8.9%
    Investment properties
    Location Intelligence
    Property ID
    US36-2393160
    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

    • International Paint Equipment / Factory / Chemical Plant
    • Evolve 26 / Theater & Performing Art Venue / Training Center
    • Louisiana Fish Store / (Bike/Boat/Book/etc) Store / Pet Store

    Property Details for 10163 Patriot Dr

    Year built
    2015
    Lot size
    1.24 lot acres
    Property size
    16,760 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    30823208
    APU
    30823208

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,770,000
      ML approach
      $1,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,554,000
      Market price range: $1.22M - $2.70M
      AI Estimate
      $1,769,000
      Market price range: $730k - $3.82M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0752
    Latitude
    30.429
    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
    $18,108
    $33,480
    $118,530
    $152,010
    -
    $334,800
    $790,200
    $1,125,000

    Comparable in this City

    • Value Estimation by Request

      Baton Rouge, LA 70816

      STORE/OFFICE (MIXED USE)
      Baton Rouge, LA 70816
      View Details
    • Value Estimation by Request

      Baton Rouge, LA 70816

      STORE/OFFICE (MIXED USE)
      Baton Rouge, LA 70816
      View Details
    • Value Estimation by Request
      1.18 Acres

      2345 1st Ln

      STORE/OFFICE (MIXED USE) • 1.18 Acres
      2345 1st Ln, Baton Rouge, LA 70816-3317
      View Details
    • Value Estimation by Request
      1.00 Acre

      Baton Rouge, LA 70816

      STORE/OFFICE (MIXED USE) • 1.00 Acre
      Baton Rouge, LA 70816
      View Details
    • Value Estimation by Request
      1.99 Acres

      10420 Coursey Blvd

      STORE/OFFICE (MIXED USE) • 1.99 Acres
      10420 Coursey Blvd, Baton Rouge, LA 70816-4052
      View Details
    • Value Estimation by Request
      10.06 Acres

      2330 Aspenwood Dr

      STORE/OFFICE (MIXED USE) • 10.06 Acres
      2330 Aspenwood Dr, Baton Rouge, LA 70816-3007
      View Details

    Similar Nearby for Sale

    • $1,099,000
      5,790 SF

      Coursey Blvd Shopping Center Investment

      High-yield, 2-tenant retail center in Baton Rouge.
      13365 Coursey Blvd, Baton Rouge, LA 70816
      View Details
    • $750,000
      1.71 Acres

      Prime Baton Rouge Commercial Land

      1.71 Acres, High Visibility, R-Zoned
      763 O'neal Ln, Baton Rouge, LA 70816
      View Details
    • $300,000
      2,275 SF

      Veterinary Clinic on O'Neal Lane

      Well-established veterinary clinic for sale in a prime location.
      650 O'neal Ln, Baton Rouge, LA 70816
      View Details
    • Contact for pricing

      Lake Sherwood Commercial Complex Land

      Build-ready lots in established business park with excellent access.
      3837 Plaza Tower Dr, Baton Rouge, LA 70816
      View Details
    • $1,496,286
      1.00 Acre

      Baton Rouge Commercial Land

      High-traffic retail land, ready to build.
      3233 Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details
    • $4,375,000
      84,727 SF

      Sherwood Tower I: Prime Baton Rouge Office

      Class A Office Building, 84,727 SF
      3636 Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      68,600 SF

      Baton Rouge Class A Office Building

      68,600 SF renovated office space in prime location
      4455 American Way | Baton Rouge, LA 70816, Baton Rouge, LA 70816
      View Details
    • $16 SF/Yr
      6,042 SF

      Office Space in Sherwood Oaks

      Office space for rent with easy access to amenities.
      4354 South Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details
    • $25 SF/Yr
      14,750 SF

      Baton Rouge Medical Office Space

      14,750 SF freestanding medical office, high visibility.
      11705 Coursey Blvd, Baton Rouge, LA 70816
      View Details
    • $14 SF/Yr
      1,600 SF

      Office Space with Ample Parking

      Office space featuring reception area, offices, restrooms, and kitchenette.
      11225 Boardwalk Dr, Baton Rouge, LA 70816
      View Details
    • Contact for pricing
      743 SF

      Renovated Office Suites For Rent

      Affordable, renovated office suites available near major thoroughfares.
      5627-5637 Superior Dr, Baton Rouge, LA 70816
      View Details
    • $14 SF/Yr
      8,400 SF

      Parkview Plaza Retail Space Available

      1,200 SF Retail Space, High Traffic Area
      12524 Jefferson Hwy, Baton Rouge, LA 70816
      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.
    10163 Patriot Dr
    Baton Rouge, LA 70816-4887
    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.