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

    15929 Airline Hwy Baton Rouge, LA 70817-7448

    • Investment properties
    • 15,262 SF
    OFF-MARKET
    Value Estimations
    $2,015,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0623765
    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

    • Walgreens Pharmacy / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Walgreens / Cosmetic Store
    • Walgreens Photo / (Bike/Boat/Book/etc) Store

    Property Details for 15929 Airline Hwy

    Year built
    2008
    Property size
    15,262 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    3080382
    APU
    3080382

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,380,000
      6.5%
      $2,200,000
      7%
      $2,040,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,378,000
      Market price range: $1.08M - $2.38M
      AI Estimate
      $1,474,000
      Market price range: $406k - $1.74M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0072
    Latitude
    30.3594
    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
    $27,991
    $48,930
    $192,300
    $241,230
    -
    $489,300
    $1,282,000
    $1,771,300

    Comparable in this City

    • Value Estimation by Request
      13.15 Acres

      16515 Spillers Way

      STORE/OFFICE (MIXED USE) • 13.15 Acres
      16515 Spillers Way, Baton Rouge, LA 70817-1742
      View Details
    • Value Estimation by Request
      1.00 Acre

      15045 Market St

      STORE/OFFICE (MIXED USE) • 1.00 Acre
      15045 Market St, Baton Rouge, LA 70817-1383
      View Details
    • Value Estimation
      $625,000
      4,527 SF

      14985 Airline Hwy

      STORE/OFFICE (MIXED USE) • 4,527 SF
      14985 Airline Hwy, Baton Rouge, LA 70817-7304
      View Details
    • Value Estimation by Request
      1,048 SF

      17372 Airline Hwy

      STORE/OFFICE (MIXED USE) • 1,048 SF
      17372 Airline Hwy, Baton Rouge, LA 70817
      View Details
    • Value Estimation by Request
      1,800 SF

      6338 Quin Dr

      STORE/OFFICE (MIXED USE) • 1,800 SF
      6338 Quin Dr, Baton Rouge, LA 70817-4529
      View Details
    • Value Estimation by Request
      600 SF

      15504 Airline Hwy

      STORE/OFFICE (MIXED USE) • 600 SF
      15504 Airline Hwy, Baton Rouge, LA 70817
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      66.00 Acres

      Baringer Park: Development Ready Sites

      66 Acres, Mixed-Use, Baton Rouge
      0 Baringer Rd, Baton Rouge, LA 70817
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    • $40,000
      0.90 Acres

      Beekman Drive Residential Lot

      0.9-acre lot, prime Baton Rouge location
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      Airline Hwy Commercial Land Parcel

      Baton Rouge, LA: Pad-Ready Retail Site
      14221 Airline Hwy, Baton Rouge, LA 70817
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    • $294,030
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      Highway Commercial Land - Baton Rouge

      Prime 1-acre+ development lot. Jefferson Hwy, near Tiger Bend.
      0 Old Jefferson Hwy At Tiger Bnd, Baton Rouge, LA 70817
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      6.33 Acres

      Baton Rouge Industrial Land - 6.33 Acres

      Prime Industrial Land, High Traffic Area, Baton Rouge.
      0 Pecue Ln & Airline Hwy, Baton Rouge, LA 70817
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    • $120,000
      0.11 Acres

      Residential Land in Materra Community

      Residential land for sale in Materra, near Woman’s Hospital.
      14314 Farris Dr, Baton Rouge, LA 70817
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    Similar Nearby for Lease

    • Contact for pricing
      10,685 SF

      Premier Office Park in Baton Rouge

      Professional and medical office park south of Woman's Hospital.
      9373 Baringer Foreman Rd, Baton Rouge, LA 70817
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    • $700 /Mo

      Furnished Room for Beauty Business

      Furnished room with sink, ideal for beauty professionals.
      14111 Airline Hwy, Baton Rouge, LA 70817
      View Details
    • $15 SF/Yr
      80,000 SF

      Baton Rouge Retail Space Available

      Prime Retail Space, 1,770 SF Available
      7104 Antioch Rd, Baton Rouge, LA 70817
      View Details
    • Contact for pricing
      24,120 SF

      Barringer Crossing I Office Space

      Baton Rouge office space, 1,000-2,000 sq ft.
      14241 Airline Hwy, Baton Rouge, LA 70817
      View Details
    • $18 SF/Yr
      7,822 SF

      Coursey Blvd Retail Space

      High-traffic retail center, Baton Rouge.
      14140 Coursey Blvd, Baton Rouge, LA 70817
      View Details
    • $23 SF/Yr
      4,200 SF

      Airline Hwy Medical Office Space

      4,200 SF Executive Office Suite in Baton Rouge
      15475 Airline Hwy, Baton Rouge, LA 70817
      View Details

    Property Visit Statistics

    • Visits by month
      74.3k
    • Visitors by month
      42.0k
    • Avg Time on site
      10 min
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    Baton Rouge, LA 70817-7448
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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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