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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    123 Madison Ave Bastrop, LA 71220-3702

    • Commercial real estate
    • 3,104 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2104241
    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

    • Lee's City Drug / Pharmacy
    • Sales & Use Tax Office / City Tax Office

    Property Details for 123 Madison Ave

    Year built
    1952
    Property size
    3,104 SF
    Property type
    Commercial real estate
    APN
    200386650
    APU
    200386650

    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
    Bastrop
    County
    Morehouse
    State
    Louisiana
    Longitude
    -91.9155
    Latitude
    32.7781
    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
    $1,038
    $390
    $7,200
    $7,590
    -
    $3,900
    $48,000
    $51,900

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      712 Pleasant Dr

      Land • 1,504 SF
      712 Pleasant Dr, Bastrop, LA 71220
      View Details
    • Value Estimation by Request
      0.44 Acres

      Bastrop, LA 71220

      COMMERCIAL (GENERAL) • 0.44 Acres
      Bastrop, LA 71220
      View Details
    • Value Estimation by Request
      2.00 Acres

      1817 Auction Barn Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      1817 Auction Barn Rd, Bastrop, LA 71220-2462
      View Details
    • Value Estimation by Request
      2,682 SF

      1206 Martin L King S St

      COMMERCIAL (GENERAL) • 2,682 SF
      1206 Martin L King S St, Bastrop, LA 71220
      View Details
    • Value Estimation by Request
      2,733 SF

      Dunbar Library

      COMMERCIAL (GENERAL) • 2,733 SF
      Dunbar Library, Bastrop, LA 71220
      View Details
    • Value Estimation by Request
      1,440 SF

      Main St

      COMMERCIAL (GENERAL) • 1,440 SF
      Main St, Bastrop, LA 71220
      View Details

    Similar Nearby for Sale

    • $140,000
      3,182 SF

      Prime Bastrop Commercial Lot

      High-traffic corner lot near Walmart.
      6129 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • $199,999
      0.28 Acres

      Bastrop Retail Property: Prime Location

      High-traffic retail space, excellent visibility.
      1802 Madison Ave, Bastrop, LA 71220
      View Details
    • $59,000
      0.26 Acres

      Bastrop Commercial Property: Unique Opportunity

      Former church, 1504 sq ft, redevelopment potential.
      712 Pleasant Dr, Bastrop, LA 71220
      View Details
    • $115,000
      4,640 SF

      Bastrop Commercial Property

      Historic Downtown Retail/Office
      114 Washington St, Bastrop, LA 71220
      View Details
    • $285,000

      Bastrop Office Warehouse Opportunity

      High-potential multi-use building near airport.
      9290 Marlatt St, Bastrop, LA 71220
      View Details
    • $95,000

      Historic Storefront in Courthouse Square

      4,640 SF storefront in Bastrop's Historic Courthouse Square.
      114 S Washington St, Bastrop, LA 71220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,000 SF

      Retail Space Near Walmart Supercenter

      Retail space available, shadow-anchored by Walmart Supercenter on Mer Rouge Road.
      5981-6033 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Land Shadow-Anchored by Walmart

      Commercial land available, shadow-anchored by Walmart Supercenter.
      5981 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Commercial land for rent shadow-anchored by Walmart Supercenter.
      6017 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • $7 SF/Yr
      4,296 SF

      Bastrop Retail Space Available

      Prime retail space, 4 units, 100+ parking spaces.
      565 Madison Ave, Bastrop, LA 71220
      View Details
    • $500 /Mo
      2,000 SF

      Turnkey Bank/Office Space with Drive-Thru

      2,000 SF end-cap commercial suite with high visibility.
      613-661 E Madison Ave, Bastrop, LA 71220
      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.
    123 Madison Ave
    Bastrop, LA 71220-3702
    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.