Property profile

224 Florida St Baton Rouge, LA 70801

OFF-MARKET
Investment properties
Property ID
US36-0788391
18,600 SF 1 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 30,484 square foot, three-story Class B office building is located at 224 Florida Street in downtown Baton Rouge, Louisiana, 70801. The property sits on a 10,645 square foot lot with 67 feet of frontage on Florida Street. Currently multi-tenant, the building is partially gutted and ready for redevelopment. The exterior is in average condition, while the interior is in poor condition due to being partially gutted. Overall, the improvements are considered to be in fair condition. The building is connected to adjacent buildings at 263 Third Street and 244 Lafayette Street, which are also available for purchase (separate listings). A two-story connector links this building to 263 Third Street. This property is zoned C5 and offers flexible purchasing options, including the possibility of purchasing it with four other adjacent properties. The location is two blocks from the Mississippi River and five blocks from the State Capitol, surrounded by offices, restaurants, and historic sites. The asking price is $1,768,000 ($58/sq ft).

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Total area 18,600 SF
Lot 1 ac (43,560 SF)
APN 2222124
UPID US36-0788391

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Radio Station Telecommunications Service
  • Social Service Agency Charitable Organization
  • Accounting Firm Tax Preparation

Location

224 Florida St Baton Rouge, LA 70801-1729
Baton Rouge metro Census 5100 BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
$406k
Blend (final) Blend
$640k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2021
Price N/A
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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