Property profile

3010 Ray Weiland Dr Baker, LA 70714

OFF-MARKET
Investment properties
Property ID
US36-0181191
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 3010 Ray Weiland Dr in Baker, Louisiana, offers 4,085 square feet of versatile space, divided into two separately metered suites (approximately 2,635 SF and 1,450 SF). Each suite boasts its own exterior entrance, providing flexibility for various uses, including office, retail, or owner-occupancy. Suite A, previously an event center, features a built-out stage and DJ booth, while Suite B, formerly a tax office, offers a ready-to-use layout. The property's strategic location directly off Main Street (LA-19) ensures high visibility and easy access to a multitude of businesses, including USPS, Hancock Whitney Bank, and several national retail chains. Ten dedicated off-street parking spaces are included, addressing the parking needs of tenants or employees. The property is zoned C and features a single-story building. The asking price is $290,000, translating to $72.50 per square foot. This presents a unique opportunity for investors or business owners seeking a high-traffic location with significant potential for return. The property's ample parking and prominent location make it an ideal investment. The APN is 2343665. This is a multi-tenant property with excellent signage opportunities.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
APN 2343665
UPID US36-0181191

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3010 Ray Weiland Dr Baker, LA 70714-3252
Baker metro Census 4203 BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2018
Price N/A
2010
$1,500
2010
$55,000
2009
$8,100

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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