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

    2223 Quail Rung-2 Baton Rouge, LA 70808-9063

    • Commercial real estate
    • 1,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0768098
    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 2223 Quail Rung-2

    Year built
    1980
    Property size
    1,000 SF
    Property type
    Commercial real estate
    APN
    3016285
    APU
    3016285

    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
    -91.1263
    Latitude
    30.4062
    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
    $1,191
    $0.00
    $10,000
    $10,000
    -
    $0.00
    $66,667
    $66,667

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      5647 Bankers Ave

      COMMERCIAL CONDOMINUIM • 0.09 Acres
      5647 Bankers Ave, Baton Rouge, LA 70808-2610
      View Details
    • Value Estimation by Request
      0.09 Acres

      5641 Bankers Ave

      COMMERCIAL CONDOMINUIM • 0.09 Acres
      5641 Bankers Ave, Baton Rouge, LA 70808-2610
      View Details
    • Value Estimation by Request
      917 SF

      5329 Dijon Dr

      COMMERCIAL CONDOMINUIM • 917 SF
      5329 Dijon Dr, Baton Rouge, LA 70808-4378
      View Details
    • Value Estimation by Request
      875 SF

      5253 Dijon Dr Ste A

      COMMERCIAL CONDOMINUIM • 875 SF
      5253 Dijon Dr Ste A, Baton Rouge, LA 70808-4393
      View Details
    • Value Estimation by Request
      1,280 SF

      3060 Vly Crk Dr1-b

      COMMERCIAL CONDOMINUIM • 1,280 SF
      3060 Vly Crk Dr1-b, Baton Rouge, LA 70808-3169
      View Details
    • Value Estimation by Request
      1,210 SF

      7248 Perkins Rd Ste B

      COMMERCIAL CONDOMINUIM • 1,210 SF
      7248 Perkins Rd Ste B, Baton Rouge, LA 70808-4786
      View Details

    Similar Nearby for Sale

    • $1,500,000
      9.44 Acres

      Highland Road Commercial Land

      9.44 Acres, Baton Rouge, LA
      8660 Highland Rd, Baton Rouge, LA 70808
      View Details
    • $480,000
      0.41 Acres

      Baton Rouge Commercial Land - Highland Rd

      Prime .41-acre commercial lot, ready for development.
      7391 Highland Rd, Baton Rouge, LA 70808
      View Details
    • $1,325,000
      0.96 Acres

      Highland Road Commercial Land

      Prime Baton Rouge location, 0.96 acres.
      5151 Highland Rd, Baton Rouge, LA 70808
      View Details
    • $1,160,000
      2.66 Acres

      Highland Road Development Opportunity

      ±2.66-Acre Commercial Land in Baton Rouge
      8510 Highland Rd, Baton Rouge, LA 70808
      View Details
    • New
      $45,000
      0.24 Acres

      Vacant Lot in Baton Rouge

      Vacant lot suitable for multi-family development in established area.
      14139 Old Hammond Hwy, Baton Rouge, LA 70808
      View Details
    • $5,750,000
      34,325 SF

      Baton Rouge Big-Box Retail

      High-visibility retail space, I-10 frontage.
      2590 Citiplace Ct, Baton Rouge, LA 70808
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      21,160 SF

      Prime Baton Rouge Office Space

      Executive/Medical Suites Available Now
      6160 Perkins Rd, Baton Rouge, LA 70808
      View Details
    • $12 SF/Yr
      14,000 SF

      Perkins Road Retail Opportunity

      High-traffic retail space, Baton Rouge.
      4469 Perkins Rd, Baton Rouge, LA 70808
      View Details
    • $21 SF/Yr
      9,520 SF

      Upscale Baton Rouge Retail Spaces

      Prime retail spaces, Baton Rouge, LA.
      2561 Citiplace Ct, Baton Rouge, LA 70808
      View Details
    • Contact for pricing

      Updated Town-home in University Gardens

      Recently renovated two-bedroom town-home with modern amenities in University Gardens.
      2293 Hollydale Ave, Baton Rouge, LA 70808
      View Details
    • $15 SF/Yr
      60,091 SF

      Perkins Road Office Park Suites

      Executive Office Space in Baton Rouge
      7414 Perkins Rd, Baton Rouge, LA 70808
      View Details
    • $25 SF/Yr
      1,341 SF

      Perkins Road Retail Space

      Baton Rouge retail space, 1341 sq ft.
      3043 Perkins Rd, Baton Rouge, LA 70808
      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.
    2223 Quail Rung-2
    Baton Rouge, LA 70808-9063
    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.