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

    11931 Justice Ave, Unit 1 Baton Rouge, LA 70816-2597

    • Commercial real estate
    • 683 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0704643
    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

    • Always Amazing Counseling & Consulting, LLC / Counselor / Mental Health Service
    • Adore Her Beauty Makeup Studio & Spa / Alternative Medicine Practice / Spa & Massage Center
    • Beverly's Loving Hands / Crisis Center / Medical Clinic

    Property Details for 11931 Justice Ave

    Year built
    1983
    Property size
    683 SF
    Property type
    Commercial real estate
    APN
    397377
    APU
    397377

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0487
    Latitude
    30.4243
    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
    $540
    $1,340
    $3,190
    $4,530
    -
    $13,400
    $21,267
    $34,667

    Comparable in this City

    • Value Estimation by Request
      2.31 Acres

      11785 Longridge Ave

      Land • 2.31 Acres
      11785 Longridge Ave, Baton Rouge, LA 70816
      View Details
    • Value Estimation by Request
      1.00 Acre

      3535 Sherwood Frst Blvd Ste, Unit 233

      COMMERCIAL CONDOMINUIM • 1.00 Acre
      3535 Sherwood Frst Blvd Ste, Baton Rouge, LA 70816-2255
      View Details
    • Value Estimation by Request
      510 SF

      11837 Bricksome Ave, Unit P

      COMMERCIAL CONDOMINUIM • 510 SF
      11837 Bricksome Ave, Baton Rouge, LA 70816-2324
      View Details
    • Value Estimation by Request
      510 SF

      11837 Bricksome Ave, Unit L

      COMMERCIAL CONDOMINUIM • 510 SF
      11837 Bricksome Ave, Baton Rouge, LA 70816-2324
      View Details
    • Value Estimation by Request
      510 SF

      11837 Bricksome Ave, Unit Q

      COMMERCIAL CONDOMINUIM • 510 SF
      11837 Bricksome Ave, Baton Rouge, LA 70816-2324
      View Details
    • Value Estimation by Request
      510 SF

      11837 Bricksome Ave, Unit H

      COMMERCIAL CONDOMINUIM • 510 SF
      11837 Bricksome Ave, Baton Rouge, LA 70816-2324
      View Details

    Similar Nearby for Sale

    • $875,000
      2.28 Acres

      Baton Rouge Commercial Land - 2.28 Acres

      Prime Mixed-Use Development Site near I-12
      2825 Millerville Rd, Baton Rouge, LA 70816
      View Details
    • $349,900
      1.93 Acres

      Prime Baton Rouge Commercial Land

      1.93 Acres, High Visibility, $349,900
      14970 Old Hammond Hwy, Baton Rouge, LA 70816
      View Details
    • $814,136
      2.67 Acres

      Millerville Road Development Land

      2.67 Acres, Prime Baton Rouge Location
      3092 Millerville Rd, Baton Rouge, LA 70816
      View Details
    • Contact for pricing
      0.90 Acres

      Baton Rouge Commercial Land Opportunity

      Prime location, high-traffic area, build-to-suit potential.
      1744 O'neal Ln, Baton Rouge, LA 70816
      View Details
    • $1,427,022

      Richmond Industrial Property: Prime Location

      45,000 SF Warehouse, I-70 Access
      3275 Millerville Rd, Baton Rouge, LA 70816
      View Details
    • $750,000
      0.80 Acres

      Baton Rouge Commercial Land - $750K

      Build-ready commercial lots, HC1 zoning.
      3837 Plaza Tower Dr, Baton Rouge, LA 70816
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      50,182 SF

      Reeve's Shopping Center: Prime Retail Space

      High-traffic retail center; two spaces available.
      10770 Harrells Ferry Rd, Baton Rouge, LA 70816
      View Details
    • $5 SF/Yr
      19,800 SF

      Baton Rouge Office Space for Lease

      Affordable move-in ready office suites.
      11832 Newcastle Ave, Baton Rouge, LA 70816
      View Details
    • $8 SF/Yr
      16,500 SF

      American Way Office Suites

      Baton Rouge executive office space.
      4444 American Way, Baton Rouge, LA 70816
      View Details
    • $15 SF/Yr
      2,220 SF

      Baton Rouge Office Space for Lease

      740 SF Office, Prime Location, Ample Parking
      5525 Superior Dr, Baton Rouge, LA 70816
      View Details
    • $11 SF/Yr
      6,056 SF

      Scenic Office Park Space Available

      Office space with reception, offices, and covered patio.
      10988 N Harrells Ferry Rd, Baton Rouge, LA 70816
      View Details
    • $18 SF/Yr
      119,945 SF

      Office Space in Sherwood Forest

      Lease opportunity: 25,000 SF office with modern amenities.
      3854 American Way Blvd, 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.
    11931 Justice Ave, Unit 1
    Baton Rouge, LA 70816-2597
    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.