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

    2608 Highland Rd Baton Rouge, LA 70802-7338

    • Investment properties
    • 2,131 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0932353
    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

    • Caruso Grocery / Grocery & Convenience Store / Food Market
    • ATM / Atm

    Property Details for 2608 Highland Rd

    Property size
    2,131 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    568082
    APU
    568082

    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
    -91.1792
    Latitude
    30.4226
    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
    $613
    $360
    $4,640
    $5,000
    -
    $3,600
    $30,933
    $34,533

    Comparable in this City

    • Value Estimation by Request

      1385 46th St

      STORE/OFFICE (MIXED USE)
      1385 46th St, Baton Rouge, LA 70802-1222
      View Details
    • Value Estimation by Request

      Nn 6th St

      STORE/OFFICE (MIXED USE)
      Nn 6th St, Baton Rouge, LA 70802
      View Details
    • Value Estimation by Request

      1659 Acadian Thruway W

      STORE/OFFICE (MIXED USE)
      1659 Acadian Thruway W, Baton Rouge, LA 70802-1659
      View Details
    • Value Estimation by Request

      1416 Acadian Thruway W

      STORE/OFFICE (MIXED USE)
      1416 Acadian Thruway W, Baton Rouge, LA 70802-2268
      View Details
    • Value Estimation by Request
      1.00 Acre

      Baton Rouge, LA 70802

      STORE/OFFICE (MIXED USE) • 1.00 Acre
      Baton Rouge, LA 70802
      View Details
    • Value Estimation by Request
      0.75 Acres

      1200 Brickyard Ln

      STORE/OFFICE (MIXED USE) • 0.75 Acres
      1200 Brickyard Ln, Baton Rouge, LA 70802-8084
      View Details

    Similar Nearby for Sale

    • $83,000
      3,150 SF

      Downtown Baton Rouge Duplex Opportunity

      Duplex in downtown Baton Rouge, ideal for renovation and resale.
      1118 Convention St, Baton Rouge, LA 70802
      View Details
    • $575,000
      7,500 SF

      Executive Office Building, Baton Rouge

      7,500 SF Office, Mixed-Use Investment
      1328 North 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
      Contact for pricing
      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
    • $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
    • $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

    Similar Nearby for Lease

    • $22 SF/Yr
      30,000 SF

      College Row Retail Opportunity

      Prime LSU area retail space; 1,620-3,128 sq ft available.
      3260 Highland Rd, Baton Rouge, LA 70802
      View Details
    • $80 SF/Yr
      14,707 SF

      Prime Baton Rouge Office Space

      Modern Executive Suites & Coworking
      301 Main St, Baton Rouge, LA 70802
      View Details
    • $15 SF/Yr
      3,813 SF

      Baton Rouge Executive Office Building

      Historic Charm, Modern Amenities, Prime Location
      758 St Charles St, Baton Rouge, LA 70802
      View Details
    • $20 SF/Yr
      6,135 SF

      Mid City Medical Office Building

      Modern Medical Office, 6,135 SF, 10 Parking Spaces
      2902 Florida Blvd, Baton Rouge, LA 70802
      View Details
    • $8 SF/Yr

      Freestanding Retail Building For Lease

      Freestanding retail building with open floor plan, suitable for various uses.
      1931 Plank Rd, Baton Rouge, LA 70802
      View Details
    • $1,000 /Mo

      Downtown Commercial Space For Rent

      Versatile commercial space in downtown Baton Rouge with convenient parking.
      1001 Main St, Baton Rouge, LA 70802
      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.
    2608 Highland Rd
    Baton Rouge, LA 70802-7338
    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.