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

    2823 1st Ln Baton Rouge, LA 70816-3128

    • Investment properties
    • 7,000 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimations
    $1,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0077471
    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

    • Investment properties

    Property Details for 2823 1st Ln

    Year built
    2012
    Lot size
    0.81 lot acres
    Property size
    7,000 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    1757652
    APU
    1757652

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,090,000
      6.5%
      $1,010,000
      7%
      $935,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,071,000
      Market price range: $510k - $1.13M
      AI Estimate
      $1,219,000
      Market price range: $305k - $1.59M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.007
    Latitude
    30.4278
    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
    $13,122
    $23,690
    $81,110
    $104,800
    -
    $236,900
    $540,733
    $777,633

    Comparable in this City

    • Value Estimation by Request

      Baton Rouge, LA 70816

      STORE/OFFICE (MIXED USE)
      Baton Rouge, LA 70816
      View Details
    • Value Estimation
      $1,810,000
      12,329 SF

      3888 Sherwood Frst Blvd

      STORE/OFFICE (MIXED USE) • 12,329 SF
      3888 Sherwood Frst Blvd, Baton Rouge, LA 70816-4400
      View Details
    • Value Estimation
      $5,325,000
      79,100 SF

      2084 Sherwood Frst Blvd

      STORE/OFFICE (MIXED USE) • 79,100 SF
      2084 Sherwood Frst Blvd, Baton Rouge, LA 70816-8325
      View Details
    • Value Estimation
      $18,400,000
      110,151 SF

      5959 Sherwood Frst Blvd

      STORE/OFFICE (MIXED USE) • 110,151 SF
      5959 Sherwood Frst Blvd, Baton Rouge, LA 70816-6038
      View Details
    • Value Estimation
      $2,395,000
      28,044 SF

      9704 Airline Hwy

      STORE/OFFICE (MIXED USE) • 28,044 SF
      9704 Airline Hwy, Baton Rouge, LA 70816-8106
      View Details
    • Value Estimation
      $1,870,000
      14,006 SF

      10289 Airline Hwy

      STORE/OFFICE (MIXED USE) • 14,006 SF
      10289 Airline Hwy, Baton Rouge, LA 70816-4002
      View Details

    Similar Nearby for Sale

    • $1,099,000
      5,790 SF

      Coursey Blvd Shopping Center Investment

      High-yield, 2-tenant retail center in Baton Rouge.
      13365 Coursey Blvd, Baton Rouge, LA 70816
      View Details
    • $875,000
      2.28 Acres

      Baton Rouge Commercial Land - 2.28 Acres

      Prime Mixed-Use Development Site near I-12
      2825 Millerville Rd, Baton Rouge, LA 70816
      View Details
    • $777,720
      2.27 Acres

      Jones Creek Rd Development Land

      2.268 Acres, Rural Zoning, High Potential
      3135 Jones Creek Rd, Baton Rouge, LA 70816
      View Details
    • $349,900
      1.93 Acres

      Prime Baton Rouge Commercial Land

      1.93 Acres, High Visibility, $349,900
      14970 Old Hammond Hwy, Baton Rouge, LA 70816
      View Details
    • $814,136
      2.67 Acres

      Millerville Road Development Land

      2.67 Acres, Prime Baton Rouge Location
      3092 Millerville Rd, Baton Rouge, LA 70816
      View Details
    • $3,562,500
      37,500 SF

      Airline Hwy Flagship Office Building

      Baton Rouge, LA Office Space - 37,500 SF
      10719 Airline Hwy, Baton Rouge, LA 70816
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      68,600 SF

      Baton Rouge Class A Office Building

      68,600 SF renovated office space in prime location
      4455 American Way | Baton Rouge, LA 70816, Baton Rouge, LA 70816
      View Details
    • $8 SF/Yr
      50,182 SF

      Reeve's Shopping Center: Prime Retail Space

      High-traffic retail center; two spaces available.
      10770 Harrells Ferry Rd, Baton Rouge, LA 70816
      View Details
    • $5 SF/Yr
      19,800 SF

      Baton Rouge Office Space for Lease

      Affordable move-in ready office suites.
      11832 Newcastle Ave, Baton Rouge, LA 70816
      View Details
    • $8 SF/Yr
      16,500 SF

      American Way Office Suites

      Baton Rouge executive office space.
      4444 American Way, Baton Rouge, LA 70816
      View Details
    • $15 SF/Yr
      2,220 SF

      Baton Rouge Office Space for Lease

      740 SF Office, Prime Location, Ample Parking
      5525 Superior Dr, Baton Rouge, LA 70816
      View Details
    • $11 SF/Yr
      6,056 SF

      Scenic Office Park Space Available

      Office space with reception, offices, and covered patio.
      10988 N Harrells Ferry Rd, Baton Rouge, LA 70816
      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.
    2823 1st Ln
    Baton Rouge, LA 70816-3128
    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.