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    1212 Aster St Baton Rouge, LA 70802
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    Property profile & analytics

    1212 Aster St Baton Rouge, LA 70802

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    • Commercial real estate
    • 1 SF
    Off-Market
    Property ID
    US36-0659287
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1212 Aster St

    Property size
    1 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 32-unit apartment complex strategically located in Baton Rouge, Louisiana, near the Louisiana State University (LSU) campus. The property consists of three buildings, totaling 32 units, offering significant value-add potential. A recent major renovation to one eight-unit building included the replacement of a sewer line, ensuring all units are now rent-ready and available for immediate leasing. The property boasts dedicated, off-street parking, a highly desirable amenity for tenants. Its proximity to LSU provides access to a substantial student and staff population of approximately 42,414, creating a strong rental demand. Conveniently located approximately four minutes from Interstate 10, the property offers easy accessibility for both tenants and property management. This property is also available for purchase as a package deal with two neighboring properties, adding an additional 16 units for a total of 32 units across all three properties. Detailed financial information, including rent rolls, income statements, and expense reports, is available upon request. This is a prime opportunity to acquire a well-situated multifamily property with substantial upside potential in a thriving market. The property is situated at 1212 Aster St, Baton Rouge, LA 70802. The asking price is $820,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1898718
    Latitude
    30.4199759

    Comparable in this City

    • $350,000

      Apartment Complex Near LSU Campus

      Fully leased apartment complex within walking distance to LSU.
      751 W Roosevelt St, Baton Rouge, LA 70802
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    • $1,075,000

      Seven-Unit Complex Near LSU Campus

      Renovated seven-unit apartment complex near LSU with high occupancy.
      3294-3298 Ivanhoe St, Baton Rouge, LA 70802
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    • $80,000
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      Downtown Baton Rouge Duplex

      Investor special duplex near Capitol, restaurants, and downtown hotspots.
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    • $400,000
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      Baton Rouge Fourplex Investment Opportunity

      Well-maintained fourplex in Baton Rouge with income potential.
      277 Chatsworth St, Baton Rouge, LA 70802
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    • $225,000
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      Baton Rouge Fourplex Investment Opportunity

      Fully occupied fourplex near LSU and City-Brooks Community Park.
      2389 Tennessee St, Baton Rouge, LA 70802
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      15,100 SF

      Mixed-Use Property in Prime Location

      Mixed-use property featuring office and residential units with high-end finishes.
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    Similar Nearby for Sale

    • $350,000

      Apartment Complex Near LSU Campus

      Fully leased apartment complex within walking distance to LSU.
      751 W Roosevelt St, Baton Rouge, LA 70802
      View Details
    • $1,075,000

      Seven-Unit Complex Near LSU Campus

      Renovated seven-unit apartment complex near LSU with high occupancy.
      3294-3298 Ivanhoe St, Baton Rouge, LA 70802
      View Details
    • $80,000
      3,150 SF

      Downtown Baton Rouge Duplex

      Investor special duplex near Capitol, restaurants, and downtown hotspots.
      1118 Convention St, Baton Rouge, LA 70802
      View Details
    • $400,000
      3,538 SF

      Baton Rouge Fourplex Investment Opportunity

      Well-maintained fourplex in Baton Rouge with income potential.
      277 Chatsworth St, Baton Rouge, LA 70802
      View Details
    • $225,000
      1,703 SF

      Baton Rouge Fourplex Investment Opportunity

      Fully occupied fourplex near LSU and City-Brooks Community Park.
      2389 Tennessee St, Baton Rouge, LA 70802
      View Details
    • Contact for pricing
      15,100 SF

      Mixed-Use Property in Prime Location

      Mixed-use property featuring office and residential units with high-end finishes.
      232 N 3Rd St, Baton Rouge, LA 70802
      View Details

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      Renovated Office Building Near Downtown

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      Mid-City Warehouse with Secured Yard

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    1212 Aster St
    Baton Rouge, LA 70802
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    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
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