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

    2831 Monterrey Dr Baton Rouge, LA 70814-4122

    • Investment properties
    • 22,107 SF
    • 1.75 lot acres
    OFF-MARKET
    Value Estimations
    $1,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0749288
    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

    • Dart Commercial Services / Production Facility / Industrial Manufacturer

    Property Details for 2831 Monterrey Dr

    Year built
    2009
    Lot size
    1.75 lot acres
    Property size
    22,107 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    2450364
    APU
    2450364

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,611,000
      Market price range: $698k - $1.61M
      AI Estimate
      $1,772,000
      Market price range: $676k - $1.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0842
    Latitude
    30.4745
    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
    $19,125
    $28,020
    $207,530
    $235,550
    -
    $280,200
    $1,383,533
    $1,663,733

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      4230 Flannery Rd

      STORE/OFFICE (MIXED USE) • 3.00 Acres
      4230 Flannery Rd, Baton Rouge, LA 70814-8009
      View Details
    • Value Estimation by Request
      4,200 SF

      9146 Mammoth Ave

      STORE/OFFICE (MIXED USE) • 4,200 SF
      9146 Mammoth Ave, Baton Rouge, LA 70814-2627
      View Details
    • Value Estimation by Request
      12,500 SF

      10471 Mammoth Ave

      STORE/OFFICE (MIXED USE) • 12,500 SF
      10471 Mammoth Ave, Baton Rouge, LA 70814-4426
      View Details
    • Value Estimation by Request
      3,000 SF

      10165 Mammoth Ave

      STORE/OFFICE (MIXED USE) • 3,000 SF
      10165 Mammoth Ave, Baton Rouge, LA 70814-4421
      View Details
    • Value Estimation
      $1,810,000
      22,422 SF

      10757 Dual Dr

      STORE/OFFICE (MIXED USE) • 22,422 SF
      10757 Dual Dr, Baton Rouge, LA 70814-4904
      View Details
    • Value Estimation by Request
      2,600 SF

      11047 Dual Dr

      STORE/OFFICE (MIXED USE) • 2,600 SF
      11047 Dual Dr, Baton Rouge, LA 70814-5310
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      86 Acres Baton Rouge Commercial Land

      Prime C-2 zoned land, excellent location, negotiable price.
      & Monticello Greenwell Springs Rd, Baton Rouge, LA 70814
      View Details
    • $400,000
      0.94 Acres

      Baton Rouge Residential Land Development

      Prime 0.94-acre lot, ready to build.
      11233 Catalina Ave, Baton Rouge, LA 70814
      View Details
    • $150,000
      0.74 Acres

      Baton Rouge Commercial Land - $150K

      .74-acre lot, ideal for industrial use.
      7964 Reco Ave, Baton Rouge, LA 70814
      View Details
    • Contact for pricing
      0.87 Acres

      Undeveloped Lot in Quiet Neighborhood

      Undeveloped 0.87 acre lot ready for a dream home.
      Tbd Ridgewood Dr, Baton Rouge, LA 70814
      View Details
    • $2,320,000
      29.20 Acres

      Baton Rouge Residential Land

      29 Acres, Up to 144 Homes
      0 Flannery Rd, Baton Rouge, LA 70814
      View Details
    • $780,000
      5.12 Acres

      Mammoth Ave Industrial Lot

      5.12 Acres, Shovel-Ready Land
      116-A Mammoth Ave, Baton Rouge, LA 70814
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr
      24,179 SF

      Prime Office/Warehouse Space Available

      Versatile Industrial Space for Lease
      10609 Dual St, Baton Rouge, LA 70814
      View Details
    • $17 SF/Yr
      12,000 SF

      Warehouse Plaza: New Baton Rouge Space

      Modern warehouse suites, now leasing.
      9353 Mammoth Ave, Baton Rouge, LA 70814
      View Details
    • $12 SF/Yr
      73,000 SF

      Monterrey & Mammoth Industrial Park

      Baton Rouge warehouse space, 3,500-35,000 SF
      0 Baton Rouge Ln, Baton Rouge, LA 70814
      View Details
    • Contact for pricing
      2,000 SF

      Manufacturing Space Near Amazon Center

      Industrial space in manufacturing hub with access to Amazon center.
      8450 Madrid Ave, Baton Rouge, LA 70814
      View Details
    • $6 SF/Yr
      22,500 SF

      22,500 SF Industrial Buildings

      Two industrial buildings totaling 22,500 SF available for lease.
      2642 Meeker Dr, Baton Rouge, LA 70814
      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.
    2831 Monterrey Dr
    Baton Rouge, LA 70814-4122
    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.