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

    2355 Ferndale Ave Baton Rouge, LA 70808-2227

    • Investment properties
    • 2,250 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2482190
    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

    • Schlittz & Giggles / Restaurant

    Property Details for 2355 Ferndale Ave

    Year built
    2010
    Property size
    2,250 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    906867
    APU
    906867

    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
    -91.1572
    Latitude
    30.4246
    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
    $3,116
    $7,150
    $19,010
    $26,160
    -
    $71,500
    $126,733
    $198,233

    Comparable in this City

    • Value Estimation by Request

      Baton Rouge, LA 70808

      STORE/OFFICE (MIXED USE)
      Baton Rouge, LA 70808
      View Details
    • Value Estimation by Request

      Baton Rouge, LA 70808

      STORE/OFFICE (MIXED USE)
      Baton Rouge, LA 70808
      View Details
    • Value Estimation by Request

      7373 Perkins Rd

      STORE/OFFICE (MIXED USE)
      7373 Perkins Rd, Baton Rouge, LA 70808-4326
      View Details
    • Value Estimation
      $1,090,000
      10,960 SF

      6010 Perkins Rd Ste B

      STORE/OFFICE (MIXED USE) • 10,960 SF
      6010 Perkins Rd Ste B, Baton Rouge, LA 70808-4280
      View Details
    • Value Estimation
      $1,190,000
      13,566 SF

      4727 Revere Ave

      STORE/OFFICE (MIXED USE) • 13,566 SF
      4727 Revere Ave, Baton Rouge, LA 70808-3168
      View Details
    • Value Estimation by Request
      5,000 SF

      3055 Vly St

      STORE/OFFICE (MIXED USE) • 5,000 SF
      3055 Vly St, Baton Rouge, LA 70808-2352
      View Details

    Similar Nearby for Sale

    • $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
    • $2,995,000
      14.78 Acres

      Scenic Land with Paved Access

      Gated 14+ acre property with pond and amenities.
      Tbd Burbank Dr, Baton Rouge, LA 70808
      View Details
    • Contact for pricing
      1,734 SF

      Modern Townhouse Near LSU Lakes

      Stylish two-story townhouse near Perkins Overpass and LSU Lakes.
      2529 Fiero St, Baton Rouge, LA 70808
      View Details
    • Contact for pricing
      0.13 Acres

      Land in Downtown Baton Rouge

      High-potential lot minutes from Downtown Baton Rouge.
      2269 Valley St, Baton Rouge, LA 70808
      View Details
    • $170,000
      0.15 Acres

      Zeeland Place Building Lot

      Unimproved land in desirable Baton Rouge location, ready to build.
      1542 S Eugene St, Baton Rouge, LA 70808
      View Details
    • $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

    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
    • 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
    • $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
    • $12 SF/Yr
      14,000 SF

      Retail Space at Prime Intersection

      Retail space available at the corner of College Drive and Perkins Road.
      4469 Perkins Rd, Baton Rouge, LA 70808
      View Details
    • $21 SF/Yr
      3,201 SF

      Six-Story Office Building For Rent

      Six-story office building with high visibility and signage opportunities.
      5555 Hilton Ave, Baton Rouge, LA 70808
      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      1.4k
    • Avg Time on site
      31 min
    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.
    2355 Ferndale Ave
    Baton Rouge, LA 70808-2227
    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.