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    Property profile & analytics

    323 Walnut Ave Bastrop, LA 71220-4521

    • Office Properties & Spaces
    • 153,814 SF
    OFF-MARKET
    Value Estimation
    $885,000
    Location Intelligence
    Property ID
    US36-1990509
    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

    • Lakisher Morgan / Nurse Practitioner
    • William Hathaway / Emergency Care Physician
    • Kei Nagatomo / Surgical Center / Surgeon
    • Joseph Reynolds / Surgeon
    • Dr. Chukwudi B. Uchendu, MD / Emergency Care Physician / Family Practice Physician

    Property Details for 323 Walnut Ave

    Year built
    1970
    Property size
    153,814 SF
    Property type
    Office Properties & Spaces
    APN
    7200036950
    APU
    7200036950

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $845,000

    • CAP approach

      CAP return
      Estimation
      6%
      $995,000
      6.5%
      $1,065,000
      7%
      $1,075,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,215,000
      Geo Method
      $1,185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $950,000
      Retail
      $1,235,000
      Mixed-Use
      $1,060,000
      Hospitality
      $1,290,000
      Educational
      $1,200,000
      Residential Income
      $1,065,000
      Energy
      $1,140,000
      Income-Based Land
      $1,245,000
      Food Service
      $1,110,000

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Morehouse
    State
    Louisiana
    Longitude
    -91.9169
    Latitude
    32.7743
    CBSA code
    33740
    CBSA name
    MONROE, 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
    $102,470
    $14,000
    $735,378
    $749,378
    -
    $140,000
    $4,902,521
    $5,042,521

    Comparable in this City

    • Value Estimation by Request

      718 Washington St

      OFFICE (GENERAL)
      718 Washington St, Bastrop, LA 71220-5037
      View Details
    • Value Estimation by Request
      4,531 SF

      714 Washington St

      OFFICE (GENERAL) • 4,531 SF
      714 Washington St, Bastrop, LA 71220-5037
      View Details
    • Value Estimation
      $185,000
      2,806 SF

      218 Franklin St

      OFFICE (GENERAL) • 2,806 SF
      218 Franklin St, Bastrop, LA 71220-3818
      View Details
    • Value Estimation by Request
      28,920 SF

      729 Kammell St

      OFFICE (GENERAL) • 28,920 SF
      729 Kammell St, Bastrop, LA 71220
      View Details
    • Value Estimation by Request
      3,876 SF

      Bastrop, LA 71220

      OFFICE (GENERAL) • 3,876 SF
      Bastrop, LA 71220
      View Details
    • Value Estimation
      $865,000
      45,433 SF

      462 Austin Ln

      OFFICE (GENERAL) • 45,433 SF
      462 Austin Ln, Bastrop, LA 71220-5501
      View Details

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    Similar Nearby for Lease

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      Land Shadow-Anchored by Walmart

      Commercial land available, shadow-anchored by Walmart Supercenter.
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    • Contact for pricing

      Commercial Land Near Walmart

      Commercial land for rent shadow-anchored by Walmart Supercenter.
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    323 Walnut Ave
    Bastrop, LA 71220-4521
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    Realmo Value Estimation

    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.

    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.

    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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