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    Property profile & analytics

    2933 Brakley Dr Ste A Baton Rouge, LA 70816-2996

    • Investment properties
    • 4,933 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0748592
    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

    • New Orleans Salsa Company LLC / Big Box & Wholesale Store / Food Market
    • Medistar Home Health / Home Health Care Service
    • Epic Process Controls International / Electrical Service / General Contractor
    • Dyer & Vicknair / Accounting Firm / Tax Preparation
    • Casualty Insurance Consultants, Inc / Insurance Agency

    Property Details for 2933 Brakley Dr Ste A

    Year built
    1999
    Lot size
    1.00 lot acres
    Property size
    4,933 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    3137406
    APU
    3137406

    Description

    This exceptional one-story, Class B office building, totaling 15,250 square feet, is ideally situated in the Wellington Office Park at the corner of Sunray Avenue and Brakley Drive. The entire 15,250 square foot building is available for lease, or individual suites ranging from 1,168 to 4,932 square feet can be leased separately or in combination. The property sits on a 0.42-acre lot (18,295 square feet) and is zoned LC2. The building features ample parking, providing a generous 6 spaces per 1,000 square feet. Its convenient location offers easy access to I-12, Airline Highway, and Siegen Lane, making it an attractive option for businesses seeking a prominent presence in East Baton Rouge Parish County. Individual suites offer various layouts, including multiple offices, conference rooms (adaptable from offices), reception areas, waiting areas, kitchenettes, and restrooms. Suite A features 4 offices (or 3 offices and 1 conference room), a waiting area, kitchenette, and one restroom. Suite B includes 4 offices, a conference room (or 5th office), reception/waiting area, kitchen/break room, and two restrooms. Suite C boasts 5 offices (or 4 offices and 1 conference room), a large reception office with a window to the waiting area, a large waiting area, kitchen/break room, and two restrooms. Tenants are responsible for their suite's electricity and a $50 monthly water/sewer reimbursement. The property's APN is 031-3740-6.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $710,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $752,000
      Market price range: $360k - $796k
      AI Estimate
      $856,000
      Market price range: $215k - $1.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0499
    Latitude
    30.4254
    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
    $8,769
    $5,150
    $68,460
    $73,610
    -
    $51,500
    $456,400
    $507,900

    Comparable in this City

    • Value Estimation by Request

      Baton Rouge, LA 70816

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    • 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

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    2933 Brakley Dr Ste A
    Baton Rouge, LA 70816-2996
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    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
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