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

    3529 Cole Dr Baton Rouge, LA 70806

    • Commercial real estate
    • 2,884 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0258023
    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 3529 Cole Dr

    Property size
    2,884 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,884 square foot commercial property, located at 3529 Cole Dr in Baton Rouge, Louisiana, presents a unique investment opportunity. Situated in East Baton Rouge Parish, zip code 70806, near the intersection of Acadian and Government streets, this property offers remarkable versatility. Currently vacant, it boasts a B-1 zoning classification, allowing for a multitude of uses. The building previously housed a residence, a hair salon, and student rental units, demonstrating its adaptability. Key features include two kitchens, a two-car garage, ample on and off-street parking, and a small pool. The asking price is $550,000, translating to $190.71 per square foot. Its prime location and flexible zoning make it ideal for various commercial ventures, from office space to short-term rentals. The property's history suggests a strong potential for diverse income streams. This is a rare chance to acquire a well-located, multi-functional property with significant upside potential in a thriving Baton Rouge market. The property is ready for its next chapter, awaiting a visionary owner to unlock its full potential.

    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
    -91.1531455
    Latitude
    30.4434806

    Comparable in this City

    • $350,000

      Versatile Commercial Property Investment Opportunity

      Commercial property suitable for retail, offices, medical services, and more.
      1986 Dallas Dr, Baton Rouge, LA 70806
      View Details
    • $999,817
      7,222 SF

      Mid-City Baton Rouge Office Trio

      Three income-producing office buildings with ample parking.
      3950 3968 3978 Blvd, Baton Rouge, LA 70806
      View Details
    • $1,000,000
      12,906 SF

      Financial Plaza: Baton Rouge Office Building

      Prime 8-unit office building, high traffic location.
      5235 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $750,000
      6,000 SF

      Baton Rouge Office/Warehouse Complex

      Versatile Office & Warehouse Space, $750,000
      2026 Wooddale Blvd, Baton Rouge, LA 70806
      View Details
    • $900,000
      9,250 SF

      Two-Story Office Building For Sale

      Two-story office building in the College-Acadian submarket.
      1010 South Acadian Thruway, Baton Rouge, LA 70806
      View Details
    • $900,000

      Florida Boulevard Office Building For Sale

      Two-story office building with ample parking and high traffic location.
      5235 Florida Blvd, Baton Rouge, LA 70806
      View Details

    Similar Nearby for Sale

    • $350,000

      Versatile Commercial Property Investment Opportunity

      Commercial property suitable for retail, offices, medical services, and more.
      1986 Dallas Dr, Baton Rouge, LA 70806
      View Details
    • $999,817
      7,222 SF

      Mid-City Baton Rouge Office Trio

      Three income-producing office buildings with ample parking.
      3950 3968 3978 Blvd, Baton Rouge, LA 70806
      View Details
    • $1,000,000
      12,906 SF

      Financial Plaza: Baton Rouge Office Building

      Prime 8-unit office building, high traffic location.
      5235 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $750,000
      6,000 SF

      Baton Rouge Office/Warehouse Complex

      Versatile Office & Warehouse Space, $750,000
      2026 Wooddale Blvd, Baton Rouge, LA 70806
      View Details
    • $900,000
      9,250 SF

      Two-Story Office Building For Sale

      Two-story office building in the College-Acadian submarket.
      1010 South Acadian Thruway, Baton Rouge, LA 70806
      View Details
    • $900,000

      Florida Boulevard Office Building For Sale

      Two-story office building with ample parking and high traffic location.
      5235 Florida Blvd, Baton Rouge, LA 70806
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      21,074 SF

      Goodwood Village Shopping Center

      Mid-City Baton Rouge retail & office space
      711 Jefferson Hwy, Baton Rouge, LA 70806
      View Details
    • $15 SF/Yr
      1,400 SF

      Professional Office Building For Rent

      Two-story office building with on-site management and covered parking.
      6554 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $10 SF/Yr
      1,600 SF

      Second Level Office Space Available

      Office space for lease with convenient interstate access.
      759 S Acadian Thruway, Baton Rouge, LA 70806
      View Details
    • $16 SF/Yr
      993,144 SF

      Bon Carre Tech Park Office Space

      Prime Baton Rouge Office, Coworking Available
      7389 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $16 SF/Yr
      1,758 SF

      Office Space on Goodwood Boulevard

      Office space for rent on high-traffic corner.
      8211 Goodwood Blvd, Baton Rouge, LA 70806
      View Details
    • $25 SF/Yr
      1,124 SF

      Office Suite in Goodwood Neighborhood

      Office suite with private offices, kitchenette, and restroom for lease.
      1651 Thibodeaux Ave, Baton Rouge, LA 70806
      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.
    3529 Cole Dr
    Baton Rouge, LA 70806
    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.