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    Property profile & analytics

    1328 North St Baton Rouge, LA 70802

    • Commercial real estate
    • 7,500 SF
    • 1.21 lot acres
    For Sale
    View listing
    $575,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0014959
    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 1328 North St

    Lot size
    1.21 lot acres
    Property size
    7,500 SF
    Property type
    Commercial real estate
    APN
    001-7805-5

    Description

    This exceptional 7,500 square foot, two-story executive office building is situated on a 1.21-acre lot in Baton Rouge, Louisiana, at 1328 North St, zip code 70802. The property, classified as Class C, offers single tenancy and is available for purchase at $575,000 ($76.67 per square foot). Zoned C-2, it presents a compelling owner/user investment opportunity. The building boasts convenient access from both North Street and Main Street, and ample parking is available. This location is just east of downtown Baton Rouge, north of Mid-city and the Garden District, and importantly, lies within an Opportunity Zone, potentially offering significant tax advantages. The property is currently used as an office building but presents redevelopment potential, including possible conversion to apartments. Note that the lot will be subject to a resubdivision and assimilation. This property could also be acquired in conjunction with 1201 Main Street. The APN is 001-7805-5.

    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 Parish
    State
    Louisiana
    Longitude
    -91.1763631
    Latitude
    30.452584

    Comparable in this City

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      15,100 SF

      Baton Rouge Mixed-Use Investment

      Prime 3rd Street, Multi-Tenant Office & Residential
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    • $1,100,000
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      Bologna Brothers Building: Mid-City Gem

      Historic building, redevelopment opportunity, 22,000 SF
      340 14Th St, Baton Rouge, LA 70802
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      32,000 SF

      River District Warehouse & Yard

      32,000 SF Industrial Space, 1.67 Acres
      1624 Wyoming St, Baton Rouge, LA 70802
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    • New
      $119,000
      1,800 SF

      Mixed-Use Property: Live/Work, Investment

      Versatile mixed-use property ideal for live/work or investment.
      2504 North St, Baton Rouge, LA 70802
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    • $6,500,000
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      Baton Rouge Office Portfolio

      Four-building office complex, prime location.
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    • $650,000
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      Downtown Baton Rouge Office Building

      Prime location, high-return potential.
      854 Main St, Baton Rouge, LA 70802
      View Details

    Similar Nearby for Sale

    • $1,100,000
      0.69 Acres

      Bologna Brothers Building: Mid-City Gem

      Historic building, redevelopment opportunity, 22,000 SF
      340 14Th St, Baton Rouge, LA 70802
      View Details
    • $3,200,000
      15,100 SF

      Baton Rouge Mixed-Use Investment

      Prime 3rd Street, Multi-Tenant Office & Residential
      232 3Rd St, Baton Rouge, LA 70802
      View Details
    • Contact for pricing
      32,000 SF

      River District Warehouse & Yard

      32,000 SF Industrial Space, 1.67 Acres
      1624 Wyoming St, Baton Rouge, LA 70802
      View Details
    • New
      $119,000
      1,800 SF

      Mixed-Use Property: Live/Work, Investment

      Versatile mixed-use property ideal for live/work or investment.
      2504 North St, Baton Rouge, LA 70802
      View Details
    • $1,359,000
      42,315 SF

      Main Street Industrial Complex

      Multi-tenant office/warehouse, high ROI.
      1400 Main St, Baton Rouge, LA 70802
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    • $650,000
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      Prime Baton Rouge Office Space

      Downtown Office, 4,015 SF, $650K
      842 Main St, Baton Rouge, LA 70802
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
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      College Row Retail Opportunity

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    • $80 SF/Yr
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      Prime Baton Rouge Office Space

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    • $15 SF/Yr
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      Mid City Medical Office Building

      Modern Medical Office, 6,135 SF, 10 Parking Spaces
      2902 Florida Blvd, Baton Rouge, LA 70802
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    • $1,000 /Mo

      Downtown Commercial Space For Rent

      Versatile commercial space in downtown Baton Rouge with convenient parking.
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    • $15 SF/Yr
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      Downtown Baton Rouge Office Suites

      Executive Office Space Available Now
      728 North Blvd, Baton Rouge, LA 70802
      View Details
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    1328 North 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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