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    Property profile & analytics

    3132 Wyoming St Baton Rouge, LA 70802

    • Commercial real estate
    • 1 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1016116
    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

    • Commercial real estate

    Property Details for 3132 Wyoming St

    Property size
    1 SF
    Property type
    Commercial real estate

    Description

    This exceptional 32-unit apartment building in Baton Rouge, Louisiana, presents a compelling investment opportunity. Located at 3132 Wyoming St, 70802, this property boasts a strong 87.5% occupancy rate, offering immediate cash flow and significant value-add potential. The building underwent renovations in 2021, including a complete roof replacement. Tenants enjoy the convenience of dedicated, off-street parking. Its prime location just outside the LSU campus provides access to a substantial student and staff population of approximately 42,414. The property's proximity to I-10 (approximately 4 minutes away) ensures easy accessibility for both tenants and owners. This property is also available for purchase as a package deal with two neighboring properties, adding an additional 24 units for a total of 56 units. Detailed financial information, including rent roll, income, and expense data, is available upon request. This is a rare opportunity to acquire a well-maintained, high-occupancy apartment building in a thriving market with substantial upside potential. The property's strong fundamentals and strategic location make it an ideal investment for both seasoned and emerging real estate investors.

    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 Parish
    State
    Louisiana
    Longitude
    -91.1888206
    Latitude
    30.4197996

    Comparable in this City

    • Contact for pricing

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      26-unit Class A apartment building, 100% occupied.
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    • $1,070,880
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      Mid-City Baton Rouge Redevelopment

      1.87 Acres, Historic Buildings, Opportunity Zone
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      Nicholson Drive Development Opportunity

      2.05 Acres, Mixed-Use Potential
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    • $295,000

      Highland Road Commercial Land

      Baton Rouge C-2 Zoned Land - $295,000
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    • $4,400,000
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      Government Street Development Land

      Prime Baton Rouge location, multi-use potential.
      1405 Government St, Baton Rouge, LA 70802
      View Details
    • $350,000
      500 SF

      Apartment Complex Near LSU Campus

      Fully leased apartment complex within walking distance to LSU.
      751 W Roosevelt St, Baton Rouge, LA 70802
      View Details

    Similar Nearby for Sale

    • $1,070,880
      1.87 Acres

      Mid-City Baton Rouge Redevelopment

      1.87 Acres, Historic Buildings, Opportunity Zone
      0 2008 & 1952 St, Baton Rouge, LA 70802
      View Details
    • $4,400,000
      2.63 Acres

      Government Street Development Land

      Prime Baton Rouge location, multi-use potential.
      1405 Government St, Baton Rouge, LA 70802
      View Details
    • $350,000
      500 SF

      Apartment Complex Near LSU Campus

      Fully leased apartment complex within walking distance to LSU.
      751 W Roosevelt St, Baton Rouge, LA 70802
      View Details
    • Contact for pricing

      The Elias: Luxury Baton Rouge Apartments

      26-unit Class A apartment building, 100% occupied.
      141 Napoleon St, Baton Rouge, LA 70802
      View Details
    • $295,000

      Highland Road Commercial Land

      Baton Rouge C-2 Zoned Land - $295,000
      1400 Highland Rd, Baton Rouge, LA 70802
      View Details
    • $2,230,272
      2.05 Acres

      Nicholson Drive Development Opportunity

      2.05 Acres, Mixed-Use Potential
      1564 Nicholson Dr, Baton Rouge, LA 70802
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
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      1952 North St

      Multifamily properties • 2,800 SF
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      Downtown Baton Rouge Office Suites

      Executive Office Space Available Now
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    • $20 SF/Yr
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      Downtown Baton Rouge Office Space

      Prime office space in the heart of downtown Baton Rouge.
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    • $5 SF/Yr
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      Industrial Warehouse with Rail Access

      16,000 SF warehouse with rail access in Baton Rouge.
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    • $14 SF/Yr
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      Gras Town Plaza Executive Suites

      Downtown Baton Rouge Office Space Available
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    • $0.99 SF/Yr
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      Baton Rouge Warehouse - 139,737 SF

      Large industrial warehouse, Baton Rouge, LA.
      2635 Monroe Ave, Baton Rouge, LA 70802
      View Details
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    3132 Wyoming St
    Baton Rouge, LA 70802
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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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